Energy News Beat All of the majors reported lower earnings for the first quarter. Already, some energy companies active in the shale patch are cutting their drilling budgets for the year. Oilfield services providers are bracing for impact as several large E&P firms are cutting back on drilling programs. U.S. oilfield service majors had a […]
Energy News Beat The Ichthys project also sent five plant condensate cargoes, seven offshore condensate cargoes, and eight LPG cargoes during the first quarter of this year, Inpex said on Tuesday in its financial report. This compares to 34 LNG cargoes, six plant condensate cargoes, eight offshore condensate cargoes, and nine LPG cargoes during the first […]
Energy News Beat According to a tender document posted on the company’s website, the cargo, with a quantity of 2,850,000 – 3,150,000 MMBtu, will be delivered from June 5 to July 5. PV Gas said the specific quantity requirements “shall be written in the term sheet.” The company launched the tender on May 9, and […]
Energy News Beat ENB Pub Note: I added overall market context on the bio-LNG markets Bio-LNG (liquefied biomethane) is a renewable fuel derived from organic waste, such as agricultural residues, household waste, and industrial byproducts. Its production and export are gaining traction due to increasing demand for low-carbon fuels, particularly in transportation and maritime sectors. […]
Energy News Beat ENB Pub Note: I added the Sempra LNG natural gas sources. Understanding what fields they can use for exports is essential. Sempra operates multiple LNG facilities, including Cameron LNG in Louisiana, Port Arthur LNG in Texas, and Energía Costa Azul (ECA) LNG in Mexico. The natural gas supply for these plants primarily […]
Energy News Beat Russia is stepping up the development and renewal of its fleet with plans to add more than 1,600 domestically built ships by 2036. Russian prime minister Mikhail Mishustin said that more than RUB500bn ($6.2bn) in federal funding will be spent over the next six years to support shipbuilders, component manufacturers and shipowners. […]
Energy News Beat Equinor Norwegian energy giant Equinor is considering terminating its 810MW Empire Wind wind farm off Long Island due to the Trump administration putting a halt to the construction of the project. Interior secretary Doug Burgum directed the US Bureau of Ocean Energy Management to stop Equinor from continuing construction of the project, […]
Energy News Beat Höegh Evi Norwegian marine infrastructure provider Höegh Evi has signed a 10-year time charter agreement with Egyptian Natural Gas Holding Company (EGAS) for the deployment of the 2013-built Hoegh Gandria LNG carrier as an FSRU in Egypt. The FSRU unit, set to be converted from a 160,548-cbm LNG carrier to an FSRU, […]
Energy News Beat Dry Cargo The demand outlook for the coming 12 months, and opportunities arising from geographic and geopolitical changes were under the microscope at the Agri-commodities session moderated by Maryana Yarmolenko Stober, the president of WISTA Switzerland, at this year’s Geneva Dry summit. Pierre-Francois Mahieu, a global wheat trader with Olam, told delegates […]
Energy News Beat MarineTraffic / Ash Martin Three days on from grounding off Jeddah, Saudi Arabia, the 7,000 teu MSC Antonia remains stuck in the Red Sea, with vessel tracking showing the ship was likely the victim of GPS jamming. Analysis from Windward, a maritime analytics firm, has highlighted the spoofing pattens that ended up […]
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.
