Energy News Beat Yemen’s AnsarAlla threatens to cut fibre optic cable in the Red Sea and the region, Azernews reports, citing foreign media. This will happen if the US and UK strike Yemen’s airports again. Internet cables serve as communication channels between Europe, Africa, and the Middle East. Taking them out of service would disrupt international lines […]
Energy News Beat Finnish state-owned energy firm and LNG supplier, Gasum, has decided to build a new liquefied biogas (bio-LNG) plant in Borlange, Sweden. Gasum said the the investment decision is the next step in its plan to build five large-scale biogas plants in Sweden. In February last year, Gasum started building the first bio-LNG […]
Energy News Beat Shell’s LNG Canada terminal is more than 90 percent complete and the project is preparing to launch commissioning activities later this year, according to Shell’s CEO, Wael Sawan. This is the first large LNG export terminal in Canada. Contractor JGC Fluor is constructing the first phase of the giant LNG Canada project […]
Energy News Beat Energy giants QatarEnergy and ExxonMobil are still expecting to start LNG production at their Golden Pass LNG export terminal on the US Gulf Coast near Sabine Pass, Texas, in the first half of 2025. State-owned QatarEnergy owns a 70 percent stake in the Golden Pass project with a capacity of more than […]
Energy News Beat Tankers Even though more than 10 rusty ladies have been reported sold this year, prices are finally coming down for vintage VLCCs. Broking sources report that a raft of ships have been circulated, but buyers are reluctant to bid despite healthy earnings. The latest reported sale in the sector is the 16-year-old […]
Energy News Beat GasShipyards Nakilat The pace of LNG newbuild deliveries will smash records this year, beating the previous annual gas ship delivery peak of 2021 by 48%. Data from Clarksons Research shows 89 LNG ships – with a combined 14.9 cu m capacity – are due to deliver this year, more than double the […]
Energy News Beat Daily Standup Top Stories Wind Farms Are Overstating Their Output — And Consumers Are Paying For It February 3, 2024 Stu Turley Dozens of British wind farms run by some of Europe’s largest energy companies have routinely overestimated how much power they’ll produce, adding millions of pounds a year to consumers’ electricity bills, […]
Energy News Beat Wolf Richter on “This Week in Money,” at HoweStreet.com, recorded on February 1: Enjoy reading WOLF STREET and want to support it? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to find out how: Would you like to be notified via email when WOLF STREET publishes a new […]
Energy News Beat Reported earnings of $2.3 billion; adjusted earnings of $6.5 billion Record $26.3 billion cash returned to shareholders in 2023 Record annual worldwide and U.S. production Announced an 8 percent increase in quarterly dividend to $1.63/share SAN RAMON, Calif., Feb. 02 /BusinessWire/ — Chevron Corporation (NYSE:CVX) reported earnings of $2.3 […]
Energy News Beat Delivered industry-leading 2023 earnings of $36.0 billion1, generated $55.4 billion of cash flow from operating activities and distributed $32.4 billion to shareholders Leading industry in compounded annual growth rate for earnings excl. identified items and cash flow since 2019 2 Increased Guyana and Permian production by 18% vs. 2022 and achieved […]
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.
