Energy News Beat Source: The Crude Truth Substack, Rey Trevino It brings up some interesting points about an American Company helping a foreign country to overproduce their OPEC+ production quotas. We have often wondered why they were not adhering to their agreed-upon quotas, but we have to look at the individual government’s need for cash […]
Energy News Beat Recession talk is swirling densely all over the place, so let’s have a look. By Wolf Richter for WOLF STREET. What are we looking for? The National Bureau of Economic Research (NBER), which calls the official recessions in the US, has always defined recessions as broad economic downturns that include downturns in the labor market, […]
Energy News Beat This is an excellent interview on the Glenn Beck show with Secretary Chris Wright Trump’s Energy Dept. just discovered Biden rushed out $93 BILLION in green energy loans in the 3 months before Trump. @SecretaryWright tells me he’s “working hard” to get it back: “There definitely is a large amount, tens […]
Energy News Beat Txvetana Paraskova from OilPrice.com posted today, “Russia Claims Active Talks With China on New Gas Pipeline Are Underway,” which makes some interesting points. “Russia is in an active stage of talks with China over the Power of Siberia 2 gas pipeline to bring more Russian gas to China, Russia’s Energy Minister Sergei […]
Energy News Beat EuropeTankers Torm Torm Danish product tanker owner and operator Torm has continued the disposal of older tonnage with the sale of one of its two oldest LR2 vessels. The New York and Copenhagen Nasdaq-listed company has revealed the sale of an unnamed 2008-built LR2 unit with delivery to new owners expected during […]
Energy News Beat EuropeGas Capital Gas Capital Gas Evangelos Marinakis-backed Capital Clean Energy Carriers (CCEC) has secured long-term employment for two of its LNG carriers under construction in South Korea. The Nasdaq-listed company has fixed the 174,000 cu m at vessels to be named Athlos and Archon for five and seven years, respectively, with a […]
Energy News Beat Daily Standup Top Stories Why did Saudi Arabia raise prices to the Asia market while increasing OPEC+ production quotas? May 7, 2025 Clark Savage Earlier this week, I published an article titled “What does the OPEC+ increase of 411,000 mean to the United States?” I was asked about Saudi Arabia’s increase in the Asia […]
Energy News Beat Fugro Dutch surveyor Fugro has been awarded a contract to perform comprehensive geotechnical surveys for the eastern array of the Dogger Bank South (DBS) offshore wind farms. The initiative is led by RWE and Masdar to develop one of the UK’s most powerful offshore wind energy projects. The detailed surveys will provide […]
Energy News Beat Dry CargoEurope Bernard Delmont / Marine Traffic Bernard Delmont / Marine Traffic New York-listed Greek owner Costamare has continued the trend of offloading smaller bulkers with another handysize set to exit the fleet. The Konstantinos Konstantakopoulos-led company is shipping out the 2010-built 31,775 dwt Resource, with delivery to an undisclosed new owner […]
Energy News Beat ENB Pub Note: I have just contacted the CEO, Steven Kobos, to interview him on the Energy News Beat podcast. Exclerate Energy reported net income of $52.1 million and adjusted net income of $55.6 million for the first quarter, up from $28.1 million in the first quarter of 2024 and $46.1 […]
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.
