Energy News Beat ENB Pub Note: This is an interesting paradigm. We also need to keep coal for cement, grid stabilization, and steel, so how far do you let the coal industry go down or fail? Not all that long ago, there were 60 coal-fired generating units in Pennsylvania. As of today, there are only […]
Energy News Beat Subsea 7 Offshore engineering and services player Subsea 7 has won a contract for work on Shell’s Sparta deepwater development in the US Gulf of Mexico. The project involves the transportation and installation of a floating production system at Garden Banks block 959, which is located off the southeastern coast of Louisiana […]
Energy News Beat The trend towards high-frequency sensor data is increasing, but investment decisions require a truly rigorous approach, writes Christian Rae Holm, the CEO of Coach Solutions. Data continues to represent value in the pursuit of vessel energy efficiency, and as the value of actionable information increases, the focus is increasingly on using high-frequency […]
Energy News Beat Fed’s assets-to-GDP ratio dropped to 22.6%, first seen in 2013. Quantitative Tightening has shed 25% of total assets from peak. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet fell by $33 billion in March, to $6.72 trillion, the lowest since May 6, 2020, according to the Fed’s weekly balance sheet […]
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 […]
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.
