Energy News Beat Belgium’s CMB.TECH and one of Europe’s largest dry bulk owners, Golden Ocean, have signed a term sheet for a stock-for-stock merger that will create a maritime giant with a combined fleet of more than 250 vessels. Under the agreement, unanimously approved by the boards of both companies, the shipowning vehicle controlled by […]
Energy News Beat 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 production performance, midstream commercial terms and corporate costs Expected to be completed by the end of 2026, […]
Energy News Beat 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 @ ~35% oil. We will see if this works out…. HOUSTON, Apr. 22 /BusinessWire/ — Crescent […]
Energy News Beat The Trump admin has started scrubbing climate propaganda from federal websites, but there’s still a long way to go—it’s time to take it seriously. In a post on January 28 — a week into President Trump’s second term — I urged that it is time to “purge the climate scam from the […]
Energy News Beat 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 expansion includes other facilities such as such as LNG vaporizer, BOG compressors, and LNG tank truck loading […]
Energy News Beat Trump targets state-level climate laws with new executive order that blocks penalties, ends extortion laws, and protects domestic energy resources. A new Trump executive order titled “Protecting American Energy from State Overreach” directs U.S. Attorney General Pam Bondi to “identify all state and local laws … burdening the identification, development, siting, […]
Energy News Beat ENB Pub Note: I believe Tesla will survive and be a significant investment. They are not just a car company, and their technology sets the standard for self driving cars. When looking at investments I look at technology and the charts. Tesla (TSLA) released its Q1 2025 earnings after market close on […]
Energy News Beat While examining the headlines of other publications, it is interesting to consider the potential impact of the 1-2 million barrels per day returning to the market after the sanction removal. I have a different perspective on the topic. Subscribers to the Energy News Beat Substack or podcast have likely heard me say […]
Energy News Beat 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, Hengli Heavy will in total build 26 LNG dual-fuel vessels for MSC. Hengli Heavy and Gianluigi Aponte-led […]
Energy News Beat Geoquip Marine Swiss-based offshore geotechnical data acquisition specialist Geoquip Marine has been awarded a survey contract by clean energy asset manager Luxcara for the Waterekke offshore wind farm in the German North Sea. The Njord Partners’ portfolio company, led by former PGS boss Rune Pedersen, said the work scope involves a detailed […]
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.
