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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

Houses
Finance

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

April 23, 2025 Mariel Alumit

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 […]

Vantage Drilling
Exploration and Production

Vantage Drilling bags $80m drillship deal

April 23, 2025 Mariel Alumit

Offshore drilling contractor Vantage Drilling has received a conditional letter of award from an undisclosed client for the 2010-built drillship Platinum Explorer. The company stated that the conditional letter of award has a 90-day validity […]

Excelerate
Finance

Excelerate boosts senior notes offering to $800 million

April 23, 2025 Mariel Alumit

Excelerate Energy Limited Partnership, a unit of Excelerate, has priced its offering of $800 million in aggregate principal amount of 8.000 percent unsecured senior notes due 2030. The firm said in a statement that the […]

Woodside
Exports

Woodside assessing tariff impact on Louisiana LNG

April 23, 2025 Mariel Alumit

“Louisiana LNG has a foreign-trade zone, enabling the project to defer payment of tariffs until completion of each LNG train,” O’Neill said in Woodside’s quarterly report on Wendesday. “We are assessing the potential impacts of […]

Imports

Excelerate’s FSRU arrives in Germany

April 23, 2025 Mariel Alumit

Excelsior’s AIS data shows that the unit arrived offshore Wilhemshaven from Rotterdam on Wednesday. LNG Prime invited DET to comment on the chartered unit’s arrival and provide further information about the commissioning process. In 2023, […]

Florida
Finance

In 15 Bigger Cities, Condo Prices Already -10% to -22%, 5 Are in Florida with Accelerating Drops. Absurdity Comes Unglued

April 22, 2025 Mariel Alumit

Austin, Oakland, Saint Petersburg (FL), San Francisco, Chula Vista, Detroit, New Orleans, Denver, Jacksonville, Naples, Tampa, Mesa, Portland, Seattle. By Wolf Richter for WOLF STREET. Condos are often the first and biggest movers in local housing markets. Prices […]

Devon Energy
Exploration and Production

Devon Energy Unveils Value Enhancing Business Optimization Plan

April 22, 2025 Mariel Alumit

ENB Publisher Note: Does this mean more layoffs??   HIGHLIGHTS Targeting $1 billion in annual pre-tax free cash flow improvements Business optimization plan underway to improve margins and capital efficiency Plan includes improvements to base […]

Crescent Energy
Crude Oil News

Crescent Energy Completes Accretive Sale of Non-Operated Permian Basin Assets

April 22, 2025 Mariel Alumit

ENB Publishers Note: This fall in line with what we are seeing with non-core divestitures. While we don’t what the total trade looks like – the $83M is a steep price for only 3,000 BOE/day […]

Imports

Jera, Saibu Gas ink deal for third Hibiki LNG tank

April 22, 2025 Mariel Alumit

In November last year, Japan’s city gas supplier Saibu Gas took a final investment decision to add the third LNG storage tank and related facilities at its Hibiki facility. Besides a 230,000-cbm LNG tank, the […]

MSC
International News

MSC orders more LNG-powered containerships in China

April 22, 2025 Mariel Alumit

Shipbuilding sources told LNG Prime on Tuesday that MSC and Hengly Heavy signed a shipbuilding agreement for six LNG dual-fuel vessels with a capacity of 22,000 teu. No further information has been revealed. If confirmed, […]

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