Energy News Beat Tapping Russian assets frozen in the EU will bring harm to the single currency, the head of the Bank of Italy has warned Using the euro as a tool in sanctions wars and political disputes would harm the currency’s image and standing, Bank of Italy Governor Fabio Panetta warned on Friday. He […]
Energy News Beat Singapore’s Eastern Pacific Shipping has ordered two more LNG-powered pure car and truck carriers from China Merchants Jinling Shipyard in Nanjing. CMJL (Nanjing) revealed the new order for two 7,000-ceu LNG dual-fuel PCTCs in a statement on Saturday. EPS now has 12 LNG-powered PCTS on order at CMJL (Nanjing), and it just […]
Energy News Beat IER Key Takeaways 1: The Department of Energy, which is responsible for issuing the export permits, is reassessing whether it is properly accounting for the climate impacts from proposed projects, as well as the national security and the domestic economic consequences. 2: U.S. LNG export capacity is expected to increase from around […]
Energy News Beat Houthi attacks in the waterway have prompted many companies to redirect vessels to longer and more expensive routes The cost of shipping fuel by sea has in some cases soared above $100,000 a day due to continued disruptions in the Suez Canal and Red Sea caused by attacks by the Houthi […]
Energy News Beat Prolonged Houthi attacks on ships risk devastating effects on the global economy, according to OilPrice Higher freight costs and delays in cargo deliveries amid the Red Sea crisis could drive up global inflation, according to an OilPrice report this week, citing analysts. The disruptions to global trade caused by continued Houthi attacks […]
Energy News Beat Global production of the fuel is also expected rise whereas supply will likely remain tight, according to the energy watchdog Gas production in Russia is expected to rise by 4% this year, according to the International Energy Agency’s (IEA) Gas Market Report published on Friday. The Paris-based energy watchdog pegged Russian […]
Energy News Beat The vessel shipping for trading giant Trafigura is reportedly transporting Russian-origin naphtha for making plastics, gasoline A petroleum-products tanker operated on behalf of Trafigura was struck by a Houthi missile in the Gulf of Aden after transiting the Red Sea, several outlets reported on Friday, citing the commodities-trading giant. According to Marine Traffic, […]
Energy News Beat AUSTIN — Today, in a partisan move aimed at shoring up President Joe Biden’s support from climate activists, the Biden administration announced a halt to the permitting of Liquefied Natural Gas (LNG) export terminals. Mark P. Mills, Distinguished Senior Fellow for energy policy with the Texas Public Policy Foundation, released the following statement on […]
Energy News Beat And a look back at the head-fakes core services inflation dished up last time with this type of inflation. By Wolf Richter for WOLF STREET. So right up front – and the Fed has been talking about this, though no one listens: The “core services” PCE price index has gotten stuck at 3.5% over the […]
Energy News Beat Management changes announced this week: Bravo Mining named Heather Laxton as corporate secretary. Forum Energy Metals named Allison Rippin Armstrong VP Nunavut affairs. Galway Metals promoted Jesse Fisher to project manager, Clarence Stream, and hired Robert Richard as head of exploration. As Moneta Gold and Nighthawk Gold merge their companies, […]
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.
