Energy News Beat Trump explained it clearly yesterday, and markets understood. But companies have known it all along. By Wolf Richter for WOLF STREET. Stocks tanked today as markets understood what tariffs actually are: A tax on corporate profit margins that companies will have a very hard time passing on, which is why companies hate tariffs so much. […]
Energy News Beat ENB Pub Note: Michael and I have been talking about this for years, and now we have been tracking it, and some people have even called it the “Turley’s Law” of energy. The more money is invested in non-sustainable wind, solar, and hydrogen, the more fossil fuels will be used. Germany has […]
Energy News Beat Li-Cycle warns it will likely file for bankruptcy despite getting a $375M green energy loan from the Biden DOE a few months ago. A battery recycling company that the Biden administration urged to apply for a $375 million green energy loan in November warned investors this week that it’s at risk of […]
Energy News Beat GM’s Q1 sales soar, with EV sales +94%, Hyundai-Kia and Honda sales soar, Toyota’s nearly flat, Ford’s dip, Stellantis still in death spiral. By Wolf Richter for WOLF STREET. Sales of new vehicles jumped by 13.3% year-over-year in March, to a seasonally adjusted annual rate of 17.8 million, the highest March sales since 2021, and […]
Energy News Beat MarineTraffic / Kyksin D. Floater specialist BW Offshore and Prio Comercializadora, previously known as Petro Rio, have settled an arbitration case dating back to 2021. In September 2021, Prio, then Petro Rio, filed a request for arbitration concerning the charter and services agreement for the FPSO Polvo against BW Offshore. At the […]
Energy News Beat MarineTraffic / Ejvind John Olldag United Arab Emirates-based jackup rig pure-play Shelf Drilling has received a contract termination from French giant TotalEnergies. The company said it received a contract termination notice for the 2014-built Shelf Drilling Winner. The jackup was contracted to the Danish arm of the French major. Under the notice […]
Energy News Beat U-Ming Taiwanese owner and operator U-Ming Marine Transport is expanding its fleet with a brace of capsize bulker newbuilds in China. The subsidiary of the Far Eastern Group has signed up for 180,000 dwt vessels at Qingdao Beihai Shipbuilding, with delivery expected in 2028. U-Ming said it is paying between $75m and […]
Energy News Beat “Everything is on the table,” commented a pumped-upPankaj Khanna in conversation with Splash yesterday on expansion plans following his ringing of the closing bell at the Nasdaq in New York, sealing long-held dreams to get his company listed. The CEO of Heidmar Maritime Holdings Corp merged with lifestyle brand portfolio company MGO […]
Energy News Beat Government of Ukraine The Trump administration has targeted Russian interests over grain theft from Ukraine used to support funding for the Houthis in Yemen. The US Office of Foreign Assets Control (OFAC) yesterday added additional persons and companies to its sanction list as these were identified as entities supplying weapons, sensitive goods […]
Energy News Beat Shan Mei 7 Following reports of cable breakage and to strengthen the safety of Taiwan’s waters and key infrastructure, ships from Mainland China, Hong Kong and Macau are now required to go through longer port visit application processes to the island with the paperwork expected to take up to a month per […]
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.
