Energy News Beat Under current and prospective policies from the International Maritime Organization, European Union, and the US, the business case for green shipping corridors could improve markedly – but not sufficiently – according to a new 72-page report published by UMAS, UCL and the Global Maritime Forum (GMF). Titled ‘Building a Business Case for […]
Energy News Beat More people, more workers, higher incomes, more spending. Banks eager to lend at high rates and collect swipe fees. By Wolf Richter for WOLF STREET. Delinquency rates for credit cards 30 days or more past due declined for the second quarter in a row, to 3.08% of total credit-card balances at all commercial banks at […]
Energy News Beat Energy Secretary Chris Wright called the pledge to achieve net zero carbon emissions by 2050 ‘lunacy,’ specifically criticizing the UK. U.S. Energy Secretary Chris Wright on Monday called a pledge to achieve net zero carbon emissions by 2050 a “sinister goal”, and criticized the British government’s attempts to hit clean energy […]
Energy News Beat The Consensual Hallucination that drove the EV SPAC mania didn’t die with the EV SPACs; it moved on to other stocks. By Wolf Richter for WOLF STREET. Nikola, the “legendary” maker of fuel-cell electric and battery-electric class-8 trucks that had gone public in June 2020 via merger with a SPAC, finally filed for chapter 11 […]
Energy News Beat The oil market is becoming increasingly numb to the array of changes that Donald Trump is trying to make now that he’s US President again. Trump spent his first weeks in office railing against OPEC, seeking an end to the war in Ukraine, and threatening tariffs against some of the main crude […]
Energy News Beat Iranian crude oil flows to China have rebounded this month after a U.S. crackdown on shipments launched in late 2024 decimated them in January. In a last-minute push to sanction Iran, the Biden admin blacklisted a number of tankers, trading entities, and shipping companies as participants in sanctioned oil trade. The February […]
Energy News Beat Diamondback Energy, Inc. (NASDAQ: FANG) on Tuesday announced a deal to buy Double Eagle IV Midco in an acquisition valued at about $4 billion, which gives the buyer increased presence in the Midland Basin in the top-oil producing U.S. formation, the Permian. Diamondback Energy has signed a definitive purchase agreement to buy certain subsidiaries […]
Energy News Beat Ending the conflict could open up “historic” opportunities for US-Russian relations, the US secretary of state has said The United States and its allies would have to address the sanctions imposed on Russia in order to achieve an “enduring, sustainable” solution to the Ukraine conflict, US Secretary of State Marco Rubio told […]
Energy News Beat Russian Foreign Minister Sergey Lavrov has described the meeting with the US delegation as “useful” as both sides look to re-establish contacts Russia and the US have taken the first steps towards normalizing relations after an impasse which lasted years under the Joe Biden administration. Delegations from Moscow and Washington met on […]
Energy News Beat The UK Government has relaunched the Net Zero Council with a plan to help various sectors accelerate towards net zero targets and support thousands of jobs. The relaunch reflects a new “mission-led approach”, ensuring government actively engages with a broad range of industry leaders and stakeholders to drive the progress towards net […]
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.
