Energy News Beat Shapoori Pallonji Brazil’s state-owned oil and gas giant Petrobras has cancelled a tender for chartering an FPSO for the Barracuda-Caratinga revitalization project. Initially, Petrobras started the contracting process for the FPSO back in the summer of 2023 but it suffered several setbacks and postponements due to a lack of sufficient interest from floater […]
Energy News Beat Wood UK consulting and engineering firm Wood has responded to recent media speculation regarding an approach from Dubai-based company Sidara for a possible offer for the entire issued and to be issued share capital of the company. Wood confirmed the reports on Tuesday and directed its shareholders to take no action concerning […]
Energy News Beat Panama Canal Authority The Panama Canal board of directors has approved funding for the construction of a new lake in the middle course of the Indio river watershed, a massive project designed to help ensure the waterway can combat droughts. For much of 2023 and last year, the canal was forced to […]
Energy News Beat EuropeTankers Prices are up for vintage VLCCs as brokers predict higher rates for ships trading outside the dark fleet. Prices for vintage VLCCs went down in January. Now, VLCC pricing is firming again for reputable sales candidates, and a whopping $10m spread can be spotted in the latest sales filling up broking […]
Energy News Beat AsiaBunkering An approval in principle (AiP) certificate has been granted for an ammonia fuelled ammonia bunkering vessel. The project has been led by Japanese shipowner Nippon Yusen Kaisha (NYK) along with Singaporean shipyard group Seatrium and its design subsidiary LMG Marin. The design will now be submitted to the Maritime and Port […]
Energy News Beat Regulatory BSM Shipmanagers have expressed concerns in connection with the International Maritime Organization’s future net-zero framework and have suggested changes which they believe would make the proposals more effective. Acting on behalf of the global shipmanagement sector, InterManager, the international association for shipmanagers, has submitted a proposal to the next meeting of […]
Energy News Beat The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on more than 30 persons and vessels in multiple jurisdictions for their role in brokering the sale and transportation of Iranian petroleum-related products, the latest in a series of measures the new Donald Trump administration is taking […]
Energy News Beat Daily Standup Top Stories Natural Gas Prices Surged 160%—And They’re Not Coming Down Soon February 24, 2025 Clark Savage Natural gas prices have jumped in recent weeks in all major consuming markets, including in the United States, where prices have soared by more than 160% from this time last year. Colder winters in […]
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.
