Author: Erick Parel

Backers of new US Virgin Islands registry present plans to Trump

Energy News Beat AmericasOperations The backers of a new open registry have dusted off plans first aired three years ago, and presented the concept of a US Virgin Islands (USVI) flag to Donald Trump, amid the current government’s determination to bolster American maritime.  The flag idea has been submitted to the White House by the […]

Empowering Filipino seafarers for a sustainable global maritime future

Energy News Beat Filipino seafarers represent the largest global crew contingent but are we doing enough to support them for tomorrow’s shipping industry, asks Mailyn Borillo, managing director, OSM Thome Philippines. Filipino seafarers remain an essential pillar of global maritime operations. Representing more than a quarter of the world’s maritime workforce, they are known for […]

Master of Chinese boxship accused of severing Baltic gas pipeline appears in HK court

Energy News Beat X.com The master of the Newnew Polar Bear, a Hong Kong-flagged boxship, has been taken into custody in Hong Kong for damaging a gas pipeline in the Baltic Sea 19 months ago. Wan Wenguo, 43, appeared at a court in Hong Kong yesterday to face a charge of criminal damage and two […]

Swire takes a stand against the shipping of donkey skins

Energy News Beat AsiaContainers Swire Shipping Swire Shipping The Donkey Sanctuary, a British charity, has hailed Swire Shipping as the first global shipping line to commit publicly to a no donkey skins carriage policy.  At least 5.9m donkeys are slaughtered for their skins every year. The collagen from their skin produces ejiao, a traditional Chinese […]

Washington unveils another package of sanctions aimed at Iran’s oil shipments

Energy News Beat Whitehouse.org The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated the teapot refinery Hebei Xinhai Chemical Group and three port terminal operators in Shandong Province for their role in purchasing or facilitating the delivery of hundreds of millions of dollars’ worth of Iranian oil.  OFAC has also imposed […]

Dear Readers, Please Donate to WOLF STREET: Spring 2025 Reminder

Energy News Beat Your generous support has kept WOLF STREET free and open to all, and not behind a paywall. Thank you!! One of my priorities in life is to keep WOLF STREET free and open to all, not locked up behind a paywall, so that anyone anywhere can read the articles and comments. I […]

How helpful is Chevron in Kazakhstan’s oil over production in it’s OPEC+ production quota?

Energy News Beat Source: The Crude Truth Substack, Rey Trevino It brings up some interesting points about an American Company helping a foreign country to overproduce their OPEC+ production quotas. We have often wondered why they were not adhering to their agreed-upon quotas, but we have to look at the individual government’s need for cash […]

Recession Watch: Time to Dig Out Our Favorite Recession Indicator Again

Energy News Beat Recession talk is swirling densely all over the place, so let’s have a look. By Wolf Richter for WOLF STREET. What are we looking for? The National Bureau of Economic Research (NBER), which calls the official recessions in the US, has always defined recessions as broad economic downturns that include downturns in the labor market, […]

Trump’s Energy Department just discovered $93 Billion in green energy loans in the 3 months before Trump took office.

Energy News Beat This is an excellent interview on the Glenn Beck show with Secretary Chris Wright   Trump’s Energy Dept. just discovered Biden rushed out $93 BILLION in green energy loans in the 3 months before Trump. @SecretaryWright tells me he’s “working hard” to get it back: “There definitely is a large amount, tens […]

China–Russia East-Route Natural Gas Pipeline 2 talks are underway.

Energy News Beat Txvetana Paraskova from OilPrice.com posted today, “Russia Claims Active Talks With China on New Gas Pipeline Are Underway,” which makes some interesting points. “Russia is in an active stage of talks with China over the Power of Siberia 2 gas pipeline to bring more Russian gas to China, Russia’s Energy Minister Sergei […]