Day: March 14, 2024

Ukraine bombs Russian nuclear power plant periphery

Energy News Beat 14 Mar, 2024 10:17 HomeRussia & FSU Ukrainian forces dropped a bomb near diesel tanks located at Russia’s Zaporozhye nuclear power plant, management at the facility reported on Thursday. In a video published on social media, plant director Yury Chernuk pointed to a crater in the ground, which he said had been […]

Jones Act leasing business launched by Libra subsidiary

Energy News Beat Libra Group Seapath, part of Libra Group, has launched a Jones Act leasing business with $25m of initial transactions already concluded.  Seapath’s leasing portfolio includes an order of six Jones Act-compliant barges, which are currently under construction. It also has a platform supply vessel (PSV) under bareboat charter to ThayerMahan.  Joshua Lubarsky, […]

Higher Forever? Even Yellen Starts to Get it: Higher Inflation & Higher Yields Are Here to Stay

Energy News Beat “It seems unlikely that yields are going to go back to being as low as they were before the pandemic”: Yellen. By Wolf Richter for WOLF STREET. By now everyone sort of knows that inflation has been re-heating in a very disconcerting way for months, and that the inflation saga is far from over. There […]

Daily Energy Standup Episode #329 – California Prices Surge, Biden Budget Impact, Shell’s Shift, and Currency Changes

Energy News Beat Daily Standup Top Stories Exploding Energy Prices in California March 13, 2024 Mariel Alumit “California leaders know that rising prices are a huge problem. The state is now considering a plan to tie utility rates to personal income so that the rich pay more and low-income residents pay less. Costly California […] Shell considers slowing pace […]

Why I Started a Finance Website and other Stuff about Banks, Bailouts, the Fed, and Being Pissed Off

Energy News Beat The other day, I joined Nick Halaris on his podcast, The Nick Halaris Show, and we talked for quite a while about all kinds stuff. Here are two snippets, both less than 1 minute, to whet your appetite. Some of it was quite personal — including the first snippet here. The whole […]

Core Lithium CEO quits as share, battery metal prices keep falling

Energy News Beat   ​[[{“value”:” Perth-based Core Lithium (ASX: CXO) faces a corporate shake up in response to a dramatic drop in lithium spodumene prices that spurred the immediate departures of its CEO and a director. The company reported on Tuesday an A$167.6 million ($111 million) loss for 2023 as its share price has crumbled […]

Weir opens new foundry in Xuzhou, China

Energy News Beat   ​[[{“value”:” The Weir Group has officially opened its new foundry in Xuzhou, China. The foundry, which is part of Weir’s ESCO global foundry network, expands capacity for the manufacture of ESCO ground engaging tools (GET). The opening ceremony, hosted by Weir’s CEO Jon Stanton, was attended by a senior leadership team […]

US Strategic Metals appoints new chief financial officer

Energy News Beat   ​[[{“value”:”Stock image. Battery metals producer and recycler US Strategic Metals announced the appointment of Thomas M. Boehlert as chief financial officer (CFO). Boehlert, with his extensive background and expertise will play a pivotal role in guiding the company’s fiscal health and strategic initiatives, focusing on establishing a robust domestic supply of […]

Northisle’s new gold resource may boost Vancouver Island project’s economics

Energy News Beat   ​[[{“value”:” Northisle Copper and Gold (TSXV: NCX) says its first resource estimate for the Northwest Expo deposit at its North Island project in British Columbia beat expectations and bodes well for rapid development. Northwest Expo holds 40.3 million indicated tonnes grading 0.1% copper and 0.7 gram gold per tonne for 100 […]