Energy News Beat Subsea 7 Offshore engineering and services player Subsea 7 has announced a third contract award in as many days, this time in West Africa. Under the contract, Subsea7 will be responsible for transporting and installing flexible pipelines, umbilicals, and associated subsea components for the connection of an FPSO vessel, as well as […]
Energy News Beat The country’s LNG imports rose to 5.37 million tonnes last month compared to 5.28 million tonnes in April 2024. LNG imports also rose compared to 5.15 million tonnes in the prior month. Imports were lower compared to 5.87 million tonnes of LNG in February and 6.64 million tonnes of LNG in January. The ministry’s data […]
Energy News Beat ENB Pub Note: The story from Irina Slav at Oilprice.com below the line is an outstanding article. She is an excellent international energy expert. I am wondering about Israel’s attacking Iran’s nuclear sites without hitting Iran’s oil sites, and is this a coordinated response with the United States? Israel cannot hit Iran […]
Energy News Beat ENB Pub Note: The article below the line is an update from LNGPrime.com, and I added the LNG import information for China’s total market as a story context base. There was little LNG information about China’s total LNG import market. China had halted importing from the U.S., so a contract with ConocoPhillips […]
Energy News Beat ENB Pub Note: Australia’s oil and gas market is not a good investment. The political and environmental activists make it difficult, and only hurt the country, the environment, and add costs to the consumers. Declining Oil Output: Australia’s crude oil production is projected to fall at a CAGR of -4.19% through 2030, […]
Energy News Beat ENB Pub Note: Vietnam has a monopoly structure run by PetroVietnam and was not mentioned in the article from Asiaoffshore. The update on the new offshore jackup is good news for new drilling as it has been limited, and in my opinion, based upon the financial structuring from the government. Vietnam’s Oil […]
Energy News Beat A fire at Chevron’s deepwater Benguela Belize Lobito Tomboco (BBLT) oil platform off Angola left 17 injured, including four critically. The fire broke out around 3 am local time in the basement of the multi-story production platform. All personnel have been accounted for, according to Chevron. The platform has living quarters for […]
Energy News Beat Daily Standup Top Stories Saudi Arabia poised to increase summer crude burn for power May 20, 2025 Clark Savage There are several ways to look at Saudi Arabia’s use of crude oil to burn for electrical generation. First, it is fiscally responsible, but it may not be the best long-term solution for their […]
Energy News Beat With the free money gone, the hangover is getting worked off. By Wolf Richter for WOLF STREET. The 30-day-plus delinquency rate on credit cards issued by all commercial banks declined to 3.05% in Q1 seasonally adjusted, the third consecutive quarter of declines, and was below the delinquency rate in Q1 last year (3.17%), according to […]
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.
