Energy News Beat The Texas Senate passed a bill Thursday that leading business interests fear would lead to an age of expensive power and rolling blackouts. If passed by the House, state S.B. 715 would require all renewable projects — even existing ones — to buy backup power, largely from coal or gas plants. This […]
Energy News Beat Daily Standup Top Stories U.S. Largest Grid Operator is warning of Summer Power Shortages May 11, 2025 Clark Savage Key Points Research suggests potential summer power shortages in the U.S. grid, especially in PJM’s region, due to high demand and retiring plants. It seems likely that extreme heat could strain the grid, potentially […]
Energy News Beat Global terminal operator DP World has signed a deal in Latin America to spend $760m expanding the Dominican Republic’s Port of Caucedo and its free trade zone. DP World said the Dominican Republic offers a compelling environment for manufacturers and logistics providers by offering competitive costs, robust tax incentives, and proximity to […]
Energy News Beat Nordic American Tankers has revealed a new sale of one of its oldest vessels as fleet renewal at the suezmax specialist rolls on. The New York-listed company is offloading the 2004-built, 150,000 dwt Nordic Casor and should cash in about $22.5m after buying the vessel for a reported $29.7m in 2016. Earlier […]
Energy News Beat COSCO Shipping Bulk is swelling its orderbook with a pair of newcastlemax bulk carrier newbuilds at a domestic yard. Brokers tell Splash that the dry bulk arm of the Chinese behemoth COSCO Shipping has booked 209,800 dwt units at leading newcastlemax builder CSSC Qingdao Beihai Shipbuilding. No price has been divulged for […]
Energy News Beat A surge in VLCC sales over the past two weeks highlights the resilience of asset prices in the large crude carrier market. The most recent transaction features Bahri, Saudi Arabia’s state-owned shipping line, offloading its second 17-year-old VLCC in months. Sales registers indicate that the Hyundai Samho-built Layla is changing hands for […]
Energy News Beat Greek owner Danaos has increased its holding in compatriot dry bulk giant Star Bulk Carriers. A recent filing to the US Securities and Exchange Commission (SEC) revealed that the John Coustas-led boxship tonnage provider and capesize bulker player had picked up around 2.03m shares in the Nasdaq-listed Star Bulk. The move takes […]
Energy News Beat Tariffs, increasing stem sizes and changing trade patterns formed much of the debate at the Minor Bulks session at this year’s packed Geneva Dry summit. Wlillem Vermaat, shipping director at Heidelberg Materials Trading, the second largest cement producer globally, noted that commodity trade flows tend to adjust to market changes. For example, […]
Energy News Beat In a significant curtailment of the trade war between the world’s two largest economies, the United States and China have agreed to considerably slash tariffs for the next 90 days. As part of the deal reached in Geneva over the weekend, US Treasury Secretary Scott Bessent said both countries would lower their reciprocal […]
Energy News Beat Norway’s Olympic has secured a five-year firm contract with Aker BP for the construction service operation vessel (CSOV) Olympic Notos. The deal with options for another five years will see the 2024 Ulstein-built unit serve as a dedicated walk-to-work vessel at the unmanned production platform Munin in the Yggdrasil area from the […]
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.
