Energy News Beat US government kisses its last triple-A credit rating goodbye. Downgrade to “junk” would have been more appropriate? By Wolf Richter for WOLF STREET. The US government lost its last remaining triple-A credit rating late Friday, as Moody’s finally, after more than a decade of dithering, downgraded the government to Aa1, one notch below the top […]
Energy News Beat Something rare occurred: Auto loan balances fell despite highest new & used vehicle sales in years. More people paid cash to dodge interest rates? By Wolf Richter for WOLF STREET. Total balances of auto loans and leases for new and used vehicles fell by $13 billion, or by 0.8%, in Q1 from Q4, the first quarter-to-quarter […]
Energy News Beat ENB Pub Note: This article from Nathan’s Newsletter is a fantastic update, and just another example of President Trump’s energy plans turning into financial wealth for Oklahoma, Americans, and the UAE. This trip through the Middle East has been unprecedented in respect, new business opportunities, and a realignment of the global trading, […]
Energy News Beat ENB Pub Note: This is an excellent article from Andrew Korybko’s Newsletter on Substack. I have several podcasts coming up talking about the energy implications of the trading blocs and the impact of the Trump visit in the Middle East. They are all tied together, and Andrew’s analysis on the Bagram Airbase […]
Energy News Beat The CP2 LNG plant will be located next to Venture Global’s existing Calcasieu Pass liquefaction plant in Louisiana, which started commercial operations in April. CP2 is expected to have peak production capacity of up to 28 mtpa. Venture Global estimates that the total project costs for the CP2 project, including both phases, […]
Energy News Beat ENB Pub Note: The last portion of this article is from the EIA weekly shipping reports. I added the summary of the key companies and destinations for an overall view of the LNG export market in the US. The US had 27 shipments this week. Overview of U.S. LNG Exports in 2024–2025 […]
Energy News Beat “Spark30S (Atlantic) freight rates dropped $6,500 to $32,500 per day this week, the largest week-on-week drop since January,” Spark’s data lead Qasim Afghan told LNG Prime on Friday. Meanwhile, Spark25S (Pacific) rates continue to remain relatively flat at $22,250 per day, he said. In Europe, the SparkNWE DES LNG dropped compared to last week. “The […]
Energy News Beat ENB Pub Note: The article from LNG Prime did not have the specifics of the FLNG system in Africa, so it has been added at the top. This story is important as it is the first shipment filling some of the new storage expantion for LNG in China “Greater Tortue Ahmeyim FLNG” […]
Energy News Beat Operations Sailors’ Society Sailors’ Society Ahead of Sunday’s International Women in Maritime Day, a new, giant survey jointly conducted by the International Maritime Organization (IMO) and the Women’s International Shipping & Trading Association (WISTA) shows how shipping remains a male-dominated industry, with women making up just 19% of the total workforce sampled. […]
Energy News Beat EuropeOffshore Vard Vard Offshore support vessel owner Tidewater has bagged a charter deal for its platform supply vessel Troms Lyra in Norway. Offshore shipbrokers stated the 2013 Vard-built PSV won a fixture for around 100 days with Spirit Energy. It will provide supply duties for the plug and abandonment jackup rig Well-Safe Protector. […]
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.
