Energy News Beat UK Government New research shows that Wales could attract £46.8bn ($59.6bn) in investments from renewable energy by 2035, the majority of which would be directed towards offshore wind. In its research, BiGGAR Economics projected an annual average investment of almost £4bn, peaking at £7bn in 2028. According to the research, offshore wind […]
Energy News Beat Dry CargoEurope Belships Norwegian bulker owner Belships has expanded its newbuilding campaign with one more ultramax. The Oslo-listed company revealed in its quarterly earnings results the 64,000 dwt newbuild would join the fleet in 2027 and be named Belcargo. The Lars Christian Skarsgård-led outfit added the unit would be financed on a […]
Energy News Beat EuropeTech Nordic IT UK-based technology firm Sedna, whose platform helps maritime companies streamline communication, has acquired Copenhagen-headquartered email management specialist Nordic IT. Sedna said the move reinforces email’s position as the primary protocol in maritime while advancing the company’s delivery of AI-powered, connected solutions for the industry. “By bringing Nordic IT into […]
Energy News Beat Saipem French energy major TotalEnergies has awarded TechnipFMC and Saipem billions in contracts for its GranMorgu project in Block 58 offshore Suriname. TechnipFMC’s contracted scope for the project includes Subsea 2.0 tree systems, manifolds, connectors, and topside control equipment. The company will also supply umbilicals, flexible jumpers, and flexible risers. No precise […]
Energy News Beat AsiaOffshore Bumi Armada Malaysia’s top shipping line, MISC, has moved to combine its offshore business with fellow floating production storage and offloading (FPSO) vessel specialist Bumi Armada. The two companies have entered into a non-binding memorandum of understanding to explore a prospective share-based merger, following market talk of a potential tie-up earlier […]
Energy News Beat President Trump will eliminate Joe Biden’s disastrous electric vehicle tax credit that raised the prices of EVs. Reuters reported: President-elect Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters. Ending […]
Energy News Beat Daily Standup Top Stories Fyodor Lukyanov: Here’s why this week’s BRICS summit will eventually be seen as a milestone October 26, 2024 Stu Turley The group’s success means that the West is no longer totally in control of international systems This week’s BRICS summit in Kazan, Russia, caused a stir, which is understandable. […]
Energy News Beat The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 27 LNG vessels is 101 Bcf. This compares to 22 shipments and 83 Bcf in the week ending October 16. According to data from S&P Global Commodity Insights, average natural gas deliveries to US […]
Energy News Beat Under the original FERC order from 2016, Golden Pass LNG was required to complete and place into service the LNG export terminal by December 21, 2021. In response to an extension request filed by Golden Pass LNG in December 2019, FERC granted an extension of the in-service deadline until and including November […]
Energy News Beat The group’s success means that the West is no longer totally in control of international systems This week’s BRICS summit in Kazan, Russia, caused a stir, which is understandable. It was a major event in terms of both representation and concept. Everyone is free to evaluate it in their own way, but […]
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.
