Energy News Beat Vestas (VWDRY) shares fell Thursday after the company reported a first-quarter adjusted EBIT loss and lower revenue year-on-year. Vestas’s first quarter adjusted EBIT came in at -EUR68 million. Analysts had forecasted an adjusted EBIT profit for the company. Revenue for the quarter came in at EUR2.68 billion, 5.2% below the EUR2.83 billion […]
Energy News Beat The United States, the UK, Italy, France, Japan, Germany, and Canada this week struck an agreement to end the use of coal for power generation by 2035. Coal as a source of power generation across the G7 economies accounted for about 15% of the energy mix. Despite big additions of renewable energy […]
Energy News Beat Chevron Australia, a unit of US energy giant Chevron, is working to resume full production from its Gorgon LNG terminal in Western Australia following a “mechanical fault” which is affecting one LNG production train. “The fault occurred about 3pm AWST on Tuesday, April 30 in a turbine,” a Chevron Australia spokesperson told […]
Energy News Beat US LNG exporting giant Cheniere reported a 42 percent drop in its quarterly revenue due to lower prices, while its net profit decreased 91 percent. The company’s Corpus Christi Stage 3 project is 55.9 percent complete. The owner of the Sabine Pass and Corpus Christi LNG export terminals said on Friday its […]
Energy News Beat [[{“value”:” The US company has warned investors it will not be able to deliver the planned number of Dreamliner jets this year, according to the paper Boeing is experiencing problems with the production of its 787 Dreamliner wide-body airliners due to the lack of a key component caused by US sanctions on […]
Energy News Beat Wolf Richter on “This Week in Money,” at HoweStreet.com, recorded on March 27: Enjoy reading WOLF STREET and want to support it? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to find out how: Would you like to be notified via email when WOLF STREET publishes a new […]
Energy News Beat WASHINGTON, May 3 (Reuters) – The U.S. has been preparing since 2022 for the possibility that Russian President Vladimir Putin would stop selling it nuclear power fuel, and a pending ban on Russian imports will help boost domestic capacity to process uranium fuel, the outgoing top nuclear energy official told Reuters. The […]
Energy News Beat Senators Mary Beth Carozza (R-District 38), Johnny Mautz (R-District 37), Stephen Hershey (R-District 36), and Jason Gallion (R-District 35) are calling on Gov. Wes Moore to veto House Bill 1296 – Electricity – Offshore Wind Projects – Alterations. The House bill has been cross-filed with SB1161. According to an email from Carozza’s office, “this legislation […]
Energy News Beat Following the Group of Seven (G7) forum’s declaration to phase out unabated coal by 2035, global coal organization FutureCoal has urged world leaders to adopt a balanced, pragmatic, and responsible approach to energy policy. Following the G7 forum’s declaration to phase out unabated coal by 2035, global coal organization FutureCoal has urged world leaders […]
Energy News Beat Tesla buys battery materials from the mining giant with the most allegations of human rights abuses against it in a database of abuses tied to clean energy. Mining company Glencore has racked up at least 70 allegations since 2010, including accusations of corruption and poor working conditions, according to the nonprofit Business […]
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.
