Energy News Beat Middle EastPorts and Logistics Abu Dhabi-based ports and logistics giant AD Ports Group has signed a 50-year concession deal with Egypt’s Suez Canal Economic Zone to set up a 20 sq km logistics and industrial zone east of Port Said on the Mediterranean Sea. Under the agreement, AD Ports Group will develop, […]
Energy News Beat Vard Taiwanese owner and operator Dong Fang Offshore (DFO) has ordered another commissioning service operation vessel (CSOV) from Fincantieri-controlled Norwegian shipbuilder Vard. The vessel will be a sister ship to the two CSOVs contracted in May 2024, and follows the order of a subsea construction vessel from the yard last month. The […]
Energy News Beat EuropeTankers BP BP BP is reportedly selling six MR tankers for $200m. The 57,000 dwt vessels are the British Chief (2017), and the 2016-built sisters British Engineer, British Officer, British Cadet, British Captain and British Sailor. Over the weekend, brokers reported that the ships had received a string of offers over the last […]
Energy News Beat ENB Pub Note: This is an excellent announcement for Brazil and Petrobras. Estimated Reserves: The Búzios field is estimated to contain approximately 13 billion barrels of oil equivalent (boe) in recoverable reserves, making it one of the largest offshore fields globally. Transfer of Rights Agreement: In 2010, Petrobras secured rights to explore […]
Energy News Beat ENB Pub Note: As Michael has brought this up in the podcast, this is a timely note from EuropeOffshore. Here are some of the details that were left out of the article. There are two big questions. Will they merge, then move to the U.S.? Or will BP just get listed on […]
Energy News Beat Three silos at a grain terminal in the Russian port of Novorossiisk were damaged by Ukrainian drones on Saturday with the city’s mayor declaring a state of emergency. The Black Sea terminal is now operated by Delo Group, having formerly been part of Cargill’s network. It has a capacity to move 10m tonnes […]
Energy News Beat ENB Pub Note: This article is from Gene Nelson, PH.D. We recommend subscribing to his Substack. This is an outstanding article on grid stability and how bad California political leaders have been with their energy policies, resulting in some of the highest electricity prices in the United States. They import more energy […]
Energy News Beat ENB Pub Note: Michael and I will cover this article from David Blackmon’s Substack on our Daily Show. We highly recommend subscribing to his and our Substacks. David is at Energy Transition Absurdities Alright, folks, it’s time to dig into the Q1 2025 earnings from the U.S. oil patch’s main titans: ExxonMobil, […]
Energy News Beat ENB Pub Note: Rooftop solar panels on homes are not bad; they must be appropriately designed and set up for disaster use. I have taken the time to learn how to get the rooftop solar, backup gas generators, and storage to work. I also have a manual switch to take my home […]
Energy News Beat ENB Pub Note: When the United States or China need additional money, they just print more than what they need. That system is set up for failure, but when Russia, Iran, Iraq, and other OPEC+ members need extra cash, they drill more and throw the product on a dark fleet tanker 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.
