Energy News Beat Oslo-based Atlantica Shipping has seen one of its platform supply vessels contracted long-term in UK waters. Shell is taking the 2003-built Skandi Caledonia on hire for at least one year, with further extension options attached to the contract. The PSV, acquired by Atlantica in 2023 from DOF, which continues to manage the […]
Energy News Beat Ningbo Ocean Shipping Co (NBOSCO) has announced that Zongquan Xu is stepping down as chairman and will no longer serve as a member of the company. The director and manager at Zhejiang Seaport Shipping is leaving the Shanghai-listed subsidiary of Ningbo-Zhoushan Port Group after four years at the helm. In addition, Xiaofeng […]
Energy News Beat UK-based Octopus Energy has made another investment in the offshore wind sector, this time via the acquisition of a 10% stake in the East Anglia One wind farm. The 714MW wind farm is located 43 km off the coast of Suffolk in the East of England and has been powering Britain with […]
Energy News Beat Despite the furor over government job cuts, tariff chaos, and what not. By Wolf Richter for WOLF STREET. The labor market accelerated in March, after the moderate growth in January and February, despite the job reductions at the federal government, despite the chaos and uncertainty on trade, despite the sour mood of consumers that nevertheless […]
Energy News Beat A climate change finance company backed by big-name celebrities has filed for bankruptcy following the arrest of its cofounder. A climate change finance company backed by big-name celebrities has filed for bankruptcy. The bankruptcy follows the arrest of the company’s co-founder for allegedly attempting to defraud investors of $145 million. [emphasis, links […]
Energy News Beat New report warns the UK faces blackouts, price rationing, and capacity gaps as demand surges and renewables fail to meet energy needs. The Commons Public Accounts Committee (PAC) has expressed concern about the security of the nation’s electricity supply. [emphasis, links added] Their report, ‘Energy Bills Support’, published last week, states: The […]
Energy News Beat ENB Pub Note: This article first ran on The Crude Truth Substack by Rey Trevino here: https://crudetruth.substack.com/p/what-is-impacting-oil-prices-today. I agree with the article and the author, but what do you think? Do you think Saudi Arabia can control production, or will it just give up? When countries that can just print money do […]
Energy News Beat ENB Pub Note: People need to understand that the “Reciprical Tariffs” are exactly that – reciprocal. China and the EU are waking up to the fact that the United States is no longer their piggy bank to print money and offshore manufacturing and wealth to their countries. It may get slightly bumpy […]
Energy News Beat ENB Pub Note: Interesting points, and we have not cycled through all of them in the story for verification; however, pay attention to the Panama Canal as it relates to the tariffs and China. As I have posted, written and spoke on my podcast: “If Hong Kong can be interrupted from a […]
Energy News Beat “Spark30S (Atlantic) freight rates experienced a second significant week-on-week drop, decreasing by $4,750 to $23,500 per day,” Spark’s data lead, Qasim Afghan, told LNG Prime on Friday. He said that Spark25S (Pacific) rates dropped by $750 to $26,750 per day. In Europe, the SparkNWE DES LNG dropped compared to $12.359/MMBtu last week. “The SparkNWE […]
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.
