Author: Erick Parel

Updated oil tanker charter party launched

Energy News Beat Operations BIMCO and the Association of Ship Brokers & Agents(ASBA) have revised ASBATANKVOY, the only dedicated tanker form not associated with an oil major. The updated version of the voyage charter party addresses changes in the tanker trade, commercial practices and regulations since its last revision. The original edition of ASBATANKVOY has […]

Wiernicki to step down at ABS

Energy News Beat AmericasOperations [#Beginning of Shooting Data Section] Nikon D300 9/8/2010 10:29:42.77 World Time: UTC-6, DST:ON Lossless Compressed RAW (12-bit) Image Size: L (4288 x 2848) Lens: 28-70mm F/2.8D Artist: Copyright: Focal Length: 50mm Exposure Mode: Manual Metering: Center-Weighted Shutter Speed: 1/125s Aperture: F/8 Exposure Comp.: 0EV Exposure Tuning: ISO Sensitivity: 1EV under 200 […]

World’s second-largest owner opens Washington office

Energy News Beat MOL In a sign of the times, Japan’s Mitsui OSK Lines (MOL), the world’s second-largest shipowner, will open a new office in Washington, DC. “As global challenges continue to evolve-ranging from geopolitical uncertainties and stricter environmental regulations to increasingly intricate supply chains-strengthening cooperation with governments and international organizations has become more crucial […]

D’Amico Fratelli seals a premium with LR2 sale

Energy News Beat EuropeTankers Italian owner D’Amico Fratelli, a family-run firm independent of the larger d’Amico Group, has let go of a 2009-built LR2 tanker for a premium.  The Mare Nostrum, now named Mare, is the first Japanese-built LR2 sold this year. The Mare is now part of Turkey’s Cape Gemi fleet. The110,500 dwt, Mitsui […]

Ramaco’s Rare Earths Deposit In Northeast Wyoming Estimated Worth At $37 Billion

Energy News Beat Ramaco Resources Inc. in northeast Wyoming plans to update its rare earths deposit find in the Cowboy State on Wednesday, pushing the estimate on tonnage underground to more than 1.5 million tons, and the value to more than $37 billion because of the inclusion of Chinese minerals banned for shipment to America. […]

Inventory of New Houses for Sale Stuck at Highest Level since 2007, Driven by Gluts in the South & West. Prices Fall, Incentives Soar, Sales Rise

Energy News Beat Homebuilders get more aggressive to sell the inventory, but prices are still far too high. By Wolf Richter for WOLF STREET. Despite huge inventories of new houses for sale, including completed houses, homebuilders have continued to build homes at an aggressive pace. Some of the big homebuilders, such as Lennar, have cut prices and thrown […]

EQT Buys Private Marcellus E&P Olympus Energy for $1.8B

Energy News Beat EQT Corp. is acquiring upstream and midstream assets from private Marcellus E&P Olympus Energy for $1.8 billion. The deal includes $500 million in cash and approximately 26 million shares of EQT common stock valued at $1.3 billion, the company announced April 22 in first-quarter earnings. Blackstone-backed Olympus owns 90,000 net acres in southwest Pennsylvania, adjacent […]

How will ERCOT and Texas learn from the past on the grid?

Energy News Beat ENB Pub Note: This is an essential update from Doug Sheridan, a LinkedIn Author and knowledgeable leader in the energy sector. Doug is raising some significant concerns about the Texas grid and potential issues on the horizon. I have been discussing the land reclamation issues associated with the wind and solar industries, […]

Trump EPA Moves Forward With Environmental Justice Staff Layoffs

Energy News Beat EPA is laying off staff in its environmental justice programs to align with future needs, advance the agency’s mission, and improve workforce efficiency. ​The Trump administration is reportedly proceeding with the first wave of layoffs at the Environmental Protection Agency (EPA), mainly centered around environmental justice program workers. [emphasis, links added] Assistant […]

Eco-Kingpins: How The Soros Empire Funds And Steers The Global Climate Change Agenda

Energy News Beat ENB Pub Note: The following story from News Busters is interesting, but it also does not point out that the amount of corruption funneled into the climate groups ended up in lobbyist pockets, influencing energy policies around the world. And the worst part, funded by the U.S. Taxpayers. Not based upon facts […]