Energy News Beat The power ministry may not participate in the accelerated coal transition investment plan submitted by the World Bank as it is not considering repurposing or retiring any coal-based thermal power plant before 2030, said people with knowledge of the matter. The plan offers to facilitate a transition away from coal.The ministry’s stance comes as energy demand has been increasing in the country […]
Energy News Beat (WO) – QatarEnergy has announced the signing of a partnership agreement with China Petrochemical Corporation (Sinopec) for the North Field South (NFS) expansion project. The two sides also signed a long-term sales and purchase agreement (SPA) for the delivery of 3 million tons per annum (MMtpa) of LNG from the NFS project […]
Energy News Beat Aramco maintained its payout to the Saudi government and investors at $29.4 billion, helping state finances amid a widening budget deficit. The world’s biggest crude oil exporter maintained the payout at the preceding quarter’s level despite third-quarter net income dropping 23 percent to $32.6 billion compared with a year earlier, according to a statement. […]
Energy News Beat The Republic of Korea’s $750 billion National Pension Service, the third largest pension fund in the world, has acquired a minority stake in U.S.-based private-equity real estate investment company Stockbridge Capital Group LLC. Financial terms of the deal were not disclosed. “NPS is an ideal partner to support the continued growth of […]
Energy News Beat A turbine the size of a regular office desk could soon power 10,000 households, as per a press release from the Southwest Research Institute (SwRI), which has set up a pilot plant in San Antonio, Texas. Called the Supercritical Transformational Electric Power (STEP), the demo pilot plant has seen the SwRI collaborate with GTI […]
Energy News Beat Norway’s Havfram has discontinued its business unit dedicated to early-phase development of offshore wind farms, Kontiki Winds. The news came hot on the heels of Havfram’s announcement of collaboration ending with RWE and NTE on the bid to build up to 1.5 GW of new floating offshore capacity in Norway. Commenting on the move, […]
Energy News Beat Buyers looking to get a bargain on a new car might want to consider an electric vehicle. As sales growth has slowed for battery-powered models, automakers and dealers are slashing prices and piling on discounts to clear out unsold inventory. Some automakers, such as Hyundai Motor and Ford Motor, are this month offering cash rebates as high […]
Energy News Beat Google’s ambitious dive into the world of electric transportation faced an unexpected roadblock… or rather, a hill. According to World Peace Exclusive, the tech’s lauded “100% Electric Bus” took on San Francisco’s iconic hilly terrain, only to lose power midway up, roll backward, and turn into a four-wheeled pinball, colliding with reportedly […]
Energy News Beat Stellantis plans to produce an industry-first pickup for its Ram Trucks brand that’s equipped with an onboard gas engine and electric generator. The truck can operate as a zero-emissions EV until the vehicle’s battery dies and an electric onboard generator — powered by a 3.6-liter V6 engine — kicks on to power […]
Energy News Beat Newmont Corp. (NYSE: NEM) plans to raise $2 billion in cash through mine sales and project divestments following the acquisition of Australia’s Newcrest Mining. The approximately $15 billion deal was completed on Monday. The acquisition brings the company’s value to around $50 billion and adds five active mines and two advanced projects […]
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.
