Energy News Beat Windward Offshore Japanese conglomerate Marubeni has acquired a 25.1% stake in offshore wind service vessel provider Windward Offshore Windward Offshore, which has a fleet of four CSOVs under construction at VARD shipyards, entered a partnership with Marubeni several months after securing a senior loan facility of up to €182m ($196m). The company […]
Energy News Beat Vattenfall Swedish utility Vattenfall has made the final investment decision for the Nordlicht 1 and 2 offshore wind farms in Germany. The construction of the Nordlicht 1 and 2 wind farms is planned to begin in 2026, with Nordlicht 1 set to become Germany’s largest offshore wind project. The wind farms are […]
Energy News Beat Bring on the new houses! Prices drop amid homebuilders’ efforts to sell the inventory. By Wolf Richter for WOLF STREET. Inventories of completed new single-family houses for sale in February jumped by 34% year-over-year, and by 55% from February 2019, to 121,000 houses, the highest since July 2009 during the Housing Bust, and roughly where they’d […]
Energy News Beat Bring on the new houses! Prices drop amid homebuilders’ efforts to sell the inventory. By Wolf Richter for WOLF STREET. Inventories of completed new single-family houses for sale in February jumped by 34% year-over-year, and by 55% from February 2019, to 121,000 houses, the highest since July 2009 during the Housing Bust, and roughly where they’d […]
Energy News Beat If you have any questions about how regulatory actions can kill an economy or investments, look at what is happening in the United States after President Trump took office. Confirmed Foreign Investments Since January 20, 2025 Japan – SoftBank: $100 billion pledged by CEO Masayoshi Son for AI and infrastructure, reaffirmed post-inauguration, […]
Energy News Beat China, the biggest buyer of oil from Venezuela, saw trade with Venezuela stall on Tuesday after U.S. President Donald Trump threatened on Monday 25% tariffs on the goods of any country buying Venezuelan oil. Traders and refiners in China were caught off guard by Monday’s executive order and are waiting to see whether Beijing […]
Energy News Beat After seeking $40B from Trump in aid, Newsom is spending $100M on launching methane-detecting satellites while California faces a $6B budget shortfall. California Governor Gavin Newsom announced Friday that the State of California will launch methane-detecting satellite sensors at a cost of $100 million — while it is borrowing over $6 billion […]
Energy News Beat On Tuesday, Alaska Governor Mike Dunleavy discussed the Alaska LNG project and other potential energy and trade cooperation with South Korean Industry Minister Ahn Duk-geun, as the U.S. Administration is looking to attract Asian investors in the $44-billion Alaska LNG export project. Dunleavy and other Alaska state representatives and energy officials have been touring America’s north […]
Energy News Beat Iraq approved BP’s $25B contract to develop key Kirkuk oil fields. The Western megadeals may stabilize Iraq’s oil ambitions and play a role in softening Baghdad–Erbil tensions. The BP deal signals a potential resurgence of Western influence in Iraq’s energy sector. Iraq’s Council of Ministers last week approved the final version of […]
Energy News Beat Is Iran’s Regime About to Go the Way of Syria’s? A series of perceived betrayals has shaken the clerical establishment’s “hard base.” By Saeid Golkar, a senior fellow at the Tony Blair Institute and an assistant professor at the University of Tennessee at Chattanooga, and Kasra Aarabi, the director of Islamic Revolutionary […]
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.
