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Home2025July

Month: July 2025

Electrical Generation / Utilities

North Hyde substation fire: report reveals poor maintenance culture

July 5, 2025 Mariel Alumit

This week, the National Energy System Operator (“NESO”) published its final report into the North Hyde substation fire on 20 March that caused a local power outage which cut supplies to over 71,500 homes and […]

LNG
Finance

Spot LNG shipping rates dropped this week

July 5, 2025 Mariel Alumit

“Spark30S (Atlantic) freight rates fell sharply this week, dropping by $6,750 to $42,000 per day this week and the largest week-on-week decline since January,” Spark’s data lead Qasim Afghan told LNG Prime on Friday. Similarly, Spark25S (Pacific) […]

Enarsa
Imports

Argentina’s Enarsa to spend $567 million on LNG purchases

July 5, 2025 Mariel Alumit

Enarsa revealed this in a document posted on its website after it completed three tenders seeking spot cargoes. Each of the cargoes, with a capacity of 2,100,000 MMBtu, is expected to meet peak seasonal demand […]

Energy Holdings
OFS

Energy Holdings firms up five-year drilling contract with PTTEP

July 4, 2025 Mariel Alumit

SED Energy Holdings, a company recently created through the merger of SeaBird Exploration and Energy Drilling, has signed a contract with Thailand’s PTTEP for one of its drilling rigs. The contract, awarded to the company’s […]

Trump’s signature legislative package
Finance

Trump’s signature legislative package contains significant shipbuilding provisions

July 4, 2025 Mariel Alumit

Donald Trump’s so-called big beautiful bill, a signature legislative package, which has just passed both the US House of Representatives and Senate, contains significant provisions aimed at revitalising American shipbuilding and the broader maritime industrial […]

Saudi Arabia - Energy News Beat
Electrical Generation / Utilities

Saudi Aramco Eyes $4 Billion from Natural Gas Power Plant Sales: Strategic Realignment or Dividend Pressure?

July 4, 2025 Clark Savage

Saudi Aramco, the world’s largest oil company, is reportedly considering the sale of up to five gas-fired power plants, a move that could raise approximately $4 billion, according to sources cited by Reuters and OilPrice.com. […]

Mark Lancaster - Turning Stranded Gas into Green
AI

Turning Stranded Gas Into Bitcoin & Data Center Power

July 4, 2025 Clark Savage

In this episode of Energy Newsbeat – Conversations in Energy, Stuart Turley talks with Mark Lancaster about solving the stranded gas challenge by turning wasted natural gas into energy for Bitcoin mining and data centers. […]

OPEC + is increasing output - Energy New Beat
Crude Oil News

OPEC+ Shifts Meeting to July 5, Signals Another Output Hike for August 2025

July 4, 2025 Clark Savage

OPEC+ has once again accelerated its oil production strategy, moving its key meeting from Sunday to Saturday, July 5, 2025, to discuss a potential fourth consecutive monthly output increase of 411,000 barrels per day (bpd) […]

Golden Pass LNG
LNG

Golden Pass LNG seeks re-export approval

July 4, 2025 Mariel Alumit

According to an application dated June 26, Golden Pass requests that DOE’s Office of Fossil Energy and Carbon Management issue an order granting GPLNG to engage in short-term exports of up to 50 Bcf of […]

Venture Global
Exports

Venture Global, Petronas seal 20-year LNG SPA

July 4, 2025 Mariel Alumit

Under the terms of the SPA, Petronas will purchase 1 million tonnes per annum (mtpa) of LNG from Venture Global’s third facility, CP2 LNG, for 20 years, according to a Venture Global statement. Venture Global […]

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