Energy News Beat This article was originally published by the Maine Morning Star. The International Energy Agency has estimated that offshore wind could generate $1 trillion in worldwide investments in the next 15 years. Gov. Janet Mills said, “the time has come to bring some of that investment to Maine.” Mills announced at a press conference […]
Energy News Beat Daily Standup Top Stories Two Wind Farms Received Over $100 Million To Switch Off February 20, 2024 Mariel Alumit Regular readers will know that I have long been concerned over the extraordinary level of payments to wind farms to switch off. These so-called ‘constraint payments’ are deemed necessary when the wires in the […]
Energy News Beat A new report from Griffith Asia Institute, a unit of Australia’s Griffith University, shows 10 years after the launch of China’s Belt & Road Initiative (BRI) cumulative engagement tops $1 trillion with about $634 billion in construction contracts and $419 billion in non-financial investments. The authors point out that 2023 was the […]
Energy News Beat The complex architecture that connects offshore wind farms to the main power grid using high-voltage direct-current (HVDC) technologies makes them more vulnerable to cyberattacks, according to new research. In a recent paper and presentation, researchers from Concordia University and the Hydro-Quebec Research Institute explained that offshore wind farms, particularly those that use […]
Energy News Beat KoBold Metals, backed by a coalition of billionaires including Bill Gates and Jeff Bezos, is expanding its footprint in Zambia after inking a deal with Midnight Sun Mining (TSX-V: MMA) to jointly explore the Dumbwa target on the Canadian miner’s Solwezi copper project. The US-based startup aims to earn a 75% interest in […]
Energy News Beat Dong Fang Offshore Subsea 7’s offshore wind contractor Seaway 7 and Taiwan-based offshore wind service player Dong Fang Offshore, a subsidiary of Hung Hua Construction, have joined forces in the expanding Taiwanese renewables sector. Under a memorandum of understanding, the duo will focus on developing a localised cable installation offering. Seaway 7 […]
Energy News Beat British carbon capture specialist Seabound has completed its maiden voyage, capturing 78% of a containership’s carbon emissions and more than 90% of its sulphur output. The pilot, which was made possible with the support of Hapag Lloyd and Lomar, and approved by ABS, saw data collected at sea for over two months. […]
Energy News Beat Dry CargoEurope Costamare New York-listed Greek owner Costamare has reaffirmed its dry bulk fleet renewal and focus on larger tonnage in the sector. The Konstantinos Konstantakopoulos-led company has revealed the sale of nine ships ranging between 32,400 dwt and 56,670 dwt and built between 2006 and 2012. Five bulkers have already switched […]
Energy News Beat Last April, Germany shut down its last three nuclear power stations, marking the end of the country’s atomic age. Berlin has unveiled plans to spend €16 billion on 10 gigawatts (GW) of new gas-fired power plants in a major overhaul of the country’s energy grid. Germany is also abandoning its short-lived love […]
Energy News Beat The US leader has disputed a claim in a Justice Department report that his recollection of events is deteriorating US President Joe Biden has angrily denied assertions that he is unable to remember key events, despite a report by the Justice Department describing him as an “elderly man with a poor […]
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.
