Energy News Beat (Bloomberg) – Angola quit OPEC because its quota limits hindered the country’s plans to stabilize crude production above 1 MMbpd, according to the country’s top oil official. The African nation’s December exit from OPEC came after the group imposed a much lower production limit. The tighter cap was too much for Angola, […]
Energy News Beat As a Californian who studies energy for a living, I am acutely aware of the very damaging energy ideas and policies of our current Governor, Gavin Newsom. I was thus very happy to see Governor Ron DeSantis quickly demolish Newsom’s “government-dictated green energy policies” (the exact right term, which I’ve actually never […]
Energy News Beat Hamburg-based E&S Tankers, a joint venture of Essberger Tankers and Stolt Tankers, has taken delivery of the LNG-powered chemical tanker, Eberhart Essberger. E&S Tankers announced the delivery of the 6,600-dwt vessel, the third of four LNG-powered newbuilds, in a social media post. China Merchants Jinling Shipyard (Yangzhou) built the ship. According to […]
Energy News Beat US LNG firm NextDecade has entered into a credit agreement as it works to take a final investment decision to build the fourth liquefaction train at its Rio Grande LNG export project in Texas. The company’s unit NextDecade LNG has entered into a credit agreement with MUFG Bank as lender and administrative […]
Energy News Beat Flex LNG’s 2019-built 173,400-cbm, Flex Constellation, will be available for charter later this year after a trading house decided not to utilize its extension option. In May 2021, the shipping firm controlled by billionaire John Fredriksen announced a three-year charter for this ME-GI LNG carrier with the trading house, said to be […]
Energy News Beat The transaction was concluded through a unique debt repayment scheme, according to a report Kiev Mayor Vitaly Klitschko has publicly declared the acquisition of a lavish mansion in Hamburg, Germany worth almost a quarter of a billion hryvnias ($6 million), Strana.ua reported on Sunday, citing the politician’s official tax return. The document […]
Energy News Beat LNG giant Shell is expecting “significantly” higher trading and optimization results for its integrated gas business in the fourth quarter of 2023 compared to the previous quarter. The UK-based firm revealed this in its fourth-quarter update note on Monday. According to Shell, trading and optimization results for integrated gas are expected to […]
Energy News Beat Community solar is inherently a way to expand equity in solar access, as advocates describe it, since it makes clean energy and savings accessible to people who lack the capital or the space to install their own arrays. The Inflation Reduction Act has the potential to drive a boom in community […]
Energy News Beat Saudi Arabia’s move is aimed at supporting the market amid a seasonal drop in demand. Major oil producer Saudi Arabia has cut the February price of crude for buyers in all regions, Reuters and Bloomberg reported on Sunday, citing a company statement. According to the reports, state producer Saudi Aramco has slashed […]
Energy News Beat Some are hot, some are cold. And a special look at employment in oil & gas drilling and in mining. By Wolf Richter for WOLF STREET. in the jobs data for December on Friday, we saw what we’d expect from an economy that is plugging along just fine, and we saw that wage increases have […]
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.
