Energy News Beat In a statement sent to Rigzone recently, Unite the union said around 100 offshore drillers employed by Odfjell Technology (UK) Ltd, working on Equinor’s Mariner platform, are set to strike over three months to secure improvements to working rotas. “Unite members voted unanimously in favor of strike action, and by 99 percent […]
Energy News Beat On October 23, 2023 ExxonMobil announced the acquisition of Pioneer Natural Resources in an all-stock transaction valued at approximately $64.5 billion. The acquisition would combine Pioneer’s more than 856,000 acres in the Midland Basin with ExxonMobil’s 570,000 net acres in the adjacent Delaware and Midland Basins resulting in an estimated 16 billion barrels of […]
Energy News Beat Gas station owner Sunoco LP will buy pipeline and liquids terminal operator NuStar Energy in an all-equity transaction valued at around $7.3 billion, including debt, the companies said on Monday in the latest merger deal in the U.S. energy sector. Under the terms of the definitive agreement, NuStar common unitholders will receive 0.400 Sunoco […]
Energy News Beat Iran’s Supreme Leader Ayatollah Khamenei gave his official approval to a new 20-year comprehensive cooperation deal between the Islamic Republic of Iran and Russia. The agreement will replace the 10-year-deal signed in March 2001 and has been expanded not only in duration but also in scope and scale. The new deal includes […]
Energy News Beat Gas station owner Sunoco LP will buy pipeline and liquids terminal operator NuStar Energy in an all-equity transaction valued at around $7.3 billion, including debt, the companies said on Monday in the latest merger deal in the U.S. energy sector. Under the terms of the definitive agreement, NuStar common unitholders will receive 0.400 Sunoco […]
Energy News Beat The Increasing Global Demand for Nuclear Power The global demand for nuclear power is on the rise, with policymakers recognizing the safety and environmental benefits of nuclear energy in comparison to fossil fuels and renewables. This shift in preference is backed by a global survey conducted by market research firm Savanta on […]
Energy News Beat It’s an information warfare provocation intended to manipulate voters’ perceptions of the frontrunner to the point that a run-off election is scheduled this summer, which could then give the US’ preferred candidate the chance that he needs to come to power and align Indonesia with America against China in the New Cold […]
Energy News Beat German LNG fueling station operator Alternoil has recently signed a deal to supply bio-LNG to compatriot logistics firm Contrail Transport. Alternoil, a part of avanca, said in a statement it would supply bio-LNG to Contrail for at least the next six years. It said that Visbek-based Contrail operates a modern fleet of […]
Energy News Beat Spot charter rates for the global liquefied natural gas (LNG) carrier fleet dropped below $60,000 per day, while European and Asian prices also continued to decline this week. Last week, Spark30S Atlantic decreased to $83,500 per day, and the Spark25S Pacific decreased to $66,000 per day. “LNG freight rates have fallen for the seventh […]
Energy News Beat China’s Guangzhou Shipyard International (GSI) delivered SFL Corporation’s LNG dual-fuel pure car and truck carrier, Odin Highway. This PCTC will serve a charter deal with Japan’s K Line. CSSC’s GSI handed over the vessel with a capacity of 7,000 units to John Fredriksen-controlled SFL on January 19. The shipbuilder says this is […]
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.
