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 […]
Energy News Beat 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 local environment. As the leader of OPEC, it does help to have the flexibility to reduce the kingdom’s […]
Energy News Beat Petrobras Brazilian oil and gas major Petrobras has signed an engineering, production, construction, and installation (EPCI) contract with Subsea 7 for the Búzios 11 Project, worth R$8.4bn ($1.48bn) The contract establishes a minimum requirement of 40% local content, but the expectation is to reach a percentage above 50%. In total, the deal […]
Energy News Beat MAN Energy Solutions Ship engine manufacturer MAN Energy Solutions has developed the world’s most powerful two-stroke methanol engine. The engine, rated at 82,440kW at 80rpm, is currently being built by Chinese licensee CSSC-MES Diesel. This will be the first engine of 12 bound for a series of a dozen 24,000 teu container […]
Energy News Beat Will Rose / Greenpeace The UK has imposed sanctions on a British ship finance veteran for allegedly buying tankers for Russia’s shadow fleet. John Ormerod was blacklisted on Tuesday alongside two Russian captains, 18 shadow fleet vessels and 46 financial institutions in the latest wave of British sanctions against Russia. Last year, […]
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.
