Energy News Beat Demand for mortgages to purchase a home has plunged by nearly double the rate of sales of existing homes. By Wolf Richter for WOLF STREET. For the past four weeks, mortgage rates have stabilized at just over 6.7%, with the average conforming 30-year fixed mortgage rate ticking up to 6.71% in the latest week, according […]
Energy News Beat Floatel International Oslo-based offshore accommodation vessel specialist Floatel International has won a contract extension for one of its units operating off Brazil. Under the extension, the 2013-built Floatel Victory will provide maintenance and safety unit support alongside the Peregrino FPSO. The flotel contract has been extended through the end of 2025. All […]
Energy News Beat McDermott Houston-based offshore contractor McDermott has been selected by UK supermajor Shell for an enterprise framework agreement for engineering and procurement services and integrated project management team services. McDermott said that the agreement has a duration of three years with two one-year optional extensions. The scope of the agreement encompasses the full […]
Energy News Beat ENB Pub Note: Governments face a choice: follow energy policies that are not sustainable or go for low-cost energy and look to have a growing economy. We are seeing the green energy policies around the world fail, and those countries that pursue a balanced diet of energy of all the above. All […]
Energy News Beat DOE delays three Biden-era appliance rules, including energy standards for air conditioners and freezers, with the GOP using the CRA to cancel them. The Department of Energy (DOE) announced Monday it would delay the effective date of three Biden administration home appliance rules. “Under President Trump’s leadership, the Department of Energy is […]
Energy News Beat Daily Standup Top Stories Who, How much, and what are coutries investing in the U.S. since President Trump took office? March 25, 2025 Clark Savage If you have any questions about how regulatory actions can kill an economy or investments, look at what is happening in the United States after President Trump took […]
Energy News Beat Crude oil prices have risen to a three-week high due to a larger-than-expected drop in U.S. oil inventories reported by the American Petroleum Institute. President Trump’s threat of tariffs on countries importing Venezuelan crude has led to a slowdown in loadings at Venezuelan ports, further tightening the global supply. While sanctions are […]
Energy News Beat ContainersEurope MarineTraffic / Sakis Antoniou Oslo-listed tonnage provider MPC Container Ships (MPCC) said in a stock exchange filing that it sold five vessels en bloc, involving three 1,300 teu vessels and two 2,000 teu vessels. According to Greek media reports, the five vessels were bought by Nikolas Pateras-owned Contships Logistics. The vessels in […]
Energy News Beat The climate movement is collapsing as policies unravel, public skepticism grows, and the ‘social cost of carbon’ is exposed as economic flim-flam. Our friend Steven Hayward, late of the great Power Line blog, university professor and incisive thinker, wrote a compelling essay last week about “The Nadir of the Climate Change […]
Energy News Beat DOT’s Maritime Administration authorized a floating natural gas export terminal off Louisiana after being stonewalled by the Biden admin. Maritime Administration (MARAD), a subagency of the U.S. Department of Transportation, issued a license Friday authorizing Delfin LNG to construct a floating liquefied natural gas export terminal approximately 50 miles off the […]
Pecos Country Operating, LLC is a privately owned oil and gas exploration and production company headquartered in Fort Worth. We own and operate wells across the South Central United States with our predominant means of production coming out of West and North Texas.
