Energy News Beat South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue. Within the South Korean orderbook, the LNG sector is the most valuable, accounting for around 52 percent of the total South Korean orderbook value, and this sector also has the highest […]
Energy News Beat TG Natural Resources, in which Tokyo Gas America has a 93 percent stake and a unit of Castleton Commodities International holds the rest, has closed on a transaction to purchase a 70 percent interest in the East Texas gas assets from a unit of Chevron. Tokyo Gas said the deal is in […]
Energy News Beat Daily Standup Top Stories Norway’s Oil Fund to Buy Stakes in Offshore Wind for $1.5 Billion March 31, 2025 Clark Savage The world’s biggest sovereign wealth fund, Norway’s $1.8 trillion oil fund, will buy 49% in two offshore wind farm developments of RWE for a total of $1.5 billion (1.4 billion euros), the […]
Energy News Beat ENB Pub Note: I agree with Amuse from X: President Trump has once again been proven correct. Panama claimed that the Hong Kong-based company, CK Hutchison, which operates the two ports at either end of the Panama Canal, was free from Chinese influence, despite Trump’s assertions to the contrary. China’s recent move […]
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Energy News Beat The world’s biggest sovereign wealth fund, Norway’s $1.8 trillion oil fund, will buy 49% in two offshore wind farm developments of RWE for a total of $1.5 billion (1.4 billion euros), the fund’s manager, Norges Bank Investment Management, said on Monday. The agreed price for 49% of the two offshore wind projects, Nordseecluster in […]
Energy News Beat The surge of the “nontraditional reserve currencies.” By Wolf Richter for WOLF STREET. The status of the US dollar as the dominant global reserve currency has helped the US fund its twin deficits, and thereby has enabled them: the huge fiscal deficit every year and the massive trade deficit every year. The reserve currency status […]
Energy News Beat ENB Pub Note: As of recent data, the United States consumes approximately 20 million barrels of oil per day. This figure is based on averages from 2023 and 2024, with the U.S. Energy Information Administration (EIA) reporting total petroleum consumption at around 20.25 million barrels per day in 2023, including biofuels. Daily […]
Energy News Beat Energy Will Find A Way – Activist shareholders: good or bad? With the Just Stop Oil crew claiming victory and shutting down their protests, did they win? Or is there something to the rumor that people are waking up to the realities of energy? This week, David Blackmon, Irina Slav, Tammy Nemeth, […]
Energy News Beat Data source: U.S. Energy Information Administration, Natural Gas Monthly In 2024, U.S. natural gas consumption averaged a record 90.3 billion cubic feet per day (Bcf/d) and set new winter and summer monthly records in January and July, according to data in our Natural Gas Monthly. Overall, U.S. consumption last year increased 1% (0.9 Bcf/d) from […]
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.
