Energy News Beat Woodside announced the decision in a statement on Tuesday, saying that the company is targeting its first LNG in 2029. Development of Louisiana LNG will position Woodside as a “global LNG powerhouse”, enabling the company to deliver approximately 24 mtpa from its global LNG portfolio in the 2030s, and operating over 5 […]
Energy News Beat BP said on Tuesday its underlying replacement cost profit reached $1.38 billion. This compares to $2.72 billion in the first quarter of 2024 and $1.17 billion in the prior quarter. Compared with the prior quarter, the underlying result reflects lower impact from turnaround activity, stronger realized refining margins, lower other businesses and […]
Energy News Beat According to a FERC filing dated April 28, the regulator granted Golden Pass LNG permission to commission the LNG systems. FERC approved Golden Pass LNG’s request to commission the boil-off gas compression system, LNG storage, liquefaction system, LNG pumps, and the end flash gas compression system. The regulator noted that this approval […]
Energy News Beat “At approximately 2 a.m. on Tuesday, April 29, an incident occurred at the Port Arthur LNG construction site involving employees of engineering, procurement, and construction contractor, Bechtel,” a spokeswoman for Sempra Infrastructure, a unit of Sempra, told LNG Prime via email. “Three fatalities have been reported, and two others who were injured […]
Energy News Beat The firm reported a net profit of about 433 million riyals ($118.8 million) for the first quarter of 2025, ended March 31. This compares to about 420 million riyals in the first quarter of 2024. According to Nakilat, the firm incurred total expenses of 673 million riyals, reflecting a decrease of 5.7 […]
Energy News Beat The labor market started regaining momentum in the fall of 2024, and it continued through March. By Wolf Richter for WOLF STREET. Layoffs and discharges plunged by 222,000 workers in March from February, seasonally adjusted, to 1.56 million (blue line in the chart below), the lowest since November 2023, and far below the pre-pandemic range, […]
Energy News Beat ENB Pub Note: This article only scratches the surface of the changes in the financial and trading blocks underway. The UK and EU are losing their leadership in the global trading blocs, and the center is moving to Asia. Energy Policies matter to fiscal sustainability. Europe ignores US warnings on green energy […]
Energy News Beat EuropeOffshoreRenewables The Netherlands Enterprise Agency The Netherlands Enterprise Agency The Dutch government has reduced its offshore wind targets and removed one of the zones set for offshore wind development to give more room to the fishing sector. The authorities decided to amend their North Sea Programme and, with it, reduce the offshore […]
Energy News Beat ENB Pub Note: The grid interdependence and interconnects in the EU and UK are absolutely a disaster waiting to happen. The grid is country border agnostic and relies on physics and fiscal responsibility. Without sufficient dispatchable coal, natural gas, or nuclear power, the grid was unable to handle the load balancing. We […]
Energy News Beat GOP Congress repeals 7 Biden energy rules in the first 100 days, targeting methane fees, drilling reports, and appliance regs with more to come. Republicans, in their first 100 days with a bicameral majority in Congress, have repealed seven of President Biden’s regulations, mostly energy-related rules that they say burden producers and […]
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.
