Energy News Beat Mitsubishi Electric Corporation has signed an agreement with HD Renewable Energy to collaborate on initiatives to help the company achieve carbon neutrality. They will establish a joint venture and Mitsubishi Electric will acquire a stake in HD Renewable Energy. The joint venture, which will be established in Japan in April 2025, will […]
Energy News Beat DOF Norwegian offshore vessel owner DOF Group has won two contracts for one of its construction support vessels. The two contracts by two undisclosed international oil companies for a pair of separate subsea construction projects in the Gulf of Mexico. According to DOF, the total expected duration for the projects is approximately […]
Energy News Beat Yinson Production Singapore-based floater owner and operator Yinson Production has acquired 100% of the shares in Stella Maris CCS from UK floater player Altera Infrastructure. Stella Maris is a Norway-based carbon capture and storage company developing a full CCS value chain, including carbon capture, intermediate storage, offshore transportation, and permanent sequestration of […]
Energy News Beat French Armed Forces While no merchant ships have been attacked in the region this year, there’s little sign authorities believe the Red Sea shipping crisis is coming to an end anytime soon. The European Union has announced it is extending the mandate of its maritime security operation, EUNAVFOR Aspides, for an additional […]
Energy News Beat With Russia and the US finally sitting down for negotiations, we now live in a slightly more normal world It is already certain that the high-level Russian-American meeting in the Saudi capital Riyadh will have a place in the history books. Together with a recent telephone conversation between presidents Vladimir Putin and […]
Energy News Beat The Government of Croatia has launched a €50 million (£42m) call for funding to support the construction of charging infrastructure for electric buses. The new ‘Investment C7.1 R1-I4’ initiative aims to build at least 150 charging points for electric buses to help accelerate the decarbonisation of the transport sector. The deadline for […]
Energy News Beat The European Commission has imposed anti-dumping duties on biodiesel imports from China to help protect the industry. An anti-dumping investigation revealed dumped biodiesel imports from China were harming the EU biodiesel sector, which faced unfair competition and possible plant closures. The latest move is expected to protect nearly 6,000 EU jobs across […]
Energy News Beat The head of the Russian sovereign wealth fund has called for revival of economic cooperation between Moscow and Washington Russia and the US should work on all areas of economic cooperation, including projects in the Arctic region, Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), has said. Dmitriev is a […]
Energy News Beat Some $4.7 trillion in federal payments remained untraceable, as the Treasury did not enforce a tracking code Elon Musk’s Department of Government Efficiency (DOGE) claims has uncovered a massive gap of nearly $5 trillion in US federal spending that it cannot account for. DOGE has claimed that Treasury records made some payments […]
Energy News Beat Energy giant RWE has commissioned 220MW of battery storage systems in Germany to help stabilise the grid. The Hamm and Nurath project consists of 690 battery cabinets with eight battery modules each and is capable of reaching its nominal capacity “within seconds”. Around 140MW of capacity is located in Hamm and 80MW […]
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.
