Energy News Beat What if some phenomenally large energy/materials breakthroughs were right here in front of us, vastly more accessible than experimental aspirations, but held back by an image problem? To help ponder that question, it is necessary to share with you one of the best (meaning funniest), most explosive miscalculations in modern science; the […]
Energy News Beat December 13, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, December 2023 In our Short-Term Energy Outlook, we forecast the lowest annual petroleum consumption in Japan in 2024 since at least 1980, in part due to its aging and declining population. Japan’s reduced consumption is already affecting its refining industry. […]
Energy News Beat In what is simultaneously receiving praise for being a historic achievement and criticism for not being ambitious enough, nearly 200 countries closed COP28 by agreeing to transition away from fossil fuels in energy systems. The agreement calls for a tripling of renewable energy capacity and expanded use of carbon capture and other low and […]
Energy News Beat (WO) – OMV Petrom has made significant progress in developing the Neptun Deep project. The company has signed an agreement with an estimated value of $350.45 million for the semi-submersible drilling rig Transocean Barents for a minimum period of one and a half years. Additionally. a contract of approximately $150.94 million was signed with […]
Energy News Beat (WO) – Neptune Energy, along with partners Wintershall Dea, Pandion Energy, Aker BP and DNO, announced a new discovery at the Kyrre prospect and confirmed the volumes for the Ofelia appraisal well, both located in the PL 929 license, close to the Gjøa field in the Norwegian sector of the North Sea. […]
Energy News Beat Russian President Vladimir Putin is “banking” on Washington failing to deliver for Kiev, the US leader claimed Washington is approaching the end of its ability to provide military aid to Kiev amid its conflict with Moscow, US President Joe Biden has said, again urging lawmakers to approve more assistance for Ukraine before […]
Energy News Beat China’s New Times Shipbuilding has hosted a launching ceremony for one LNG-powered bulk carrier it is building for Eastern Pacific Shipping. NTS floated out the 210,000-dwt LNG dual-fuel bulk carrier, Mount Gower, on December 9 for Idan Ofer’s EPS. The Chinese yard is building in total eleven 210,000-dwt LNG dual-fuel bulk carriers for EPS. […]
Energy News Beat Turkey’s Sanmar has delivered the first of two LNG-powered tugs to Canada’s HaiSea Marine, a joint venture majority owned by the Haisla Nation and partner Seaspan ULC. This tug will serve the Shell-led LNG Canada project. Sanmar claims HaiSea Kermode is Canada’s first LNG-fueled tug. The shipbuilder said the tug will soon […]
Energy News Beat The following content is sponsored by the Copper Development Association The State of Copper Recycling in the U.S. Copper is essential for a low-carbon economy due to its crucial role in renewable energy technologies. As a result, many worry that a lack of the metal used in wires and batteries can hurt […]
Energy News Beat Spain’s Sagunto liquefied natural gas import terminal near Valencia has been upgraded and is now ready to start offering LNG bunkering services, according to Enagas. Enagas said in a statement on Tuesday that the ‘LNGHIVE2: Infrastructure and Logistics Solutions’ project, coordinated by Enagas and promoted by Saggas, and the Valenciaport Foundation, has […]
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.
