Energy News Beat WASHINGTON, Nov 13 (Reuters) – The U.S. Treasury Department has sent notices to ship management companies requesting information about 100 vessels it suspects of violating Western sanctions on Russian oil, according to a source who has seen the documents. The notices, sent by the Office of Foreign Assets Control to ship management companies […]
Energy News Beat (Bloomberg) – As oil prices languish near a three-month low, forecasters are already predicting that Saudi Arabia won’t sit idle. The OPEC+ leader is likely to extend its 1 MMbpd production cut — introduced over the summer — into next year, according to analysts at UBS Group AG, FGE, Commerzbank AG and […]
Energy News Beat Oil and gas producers warn the EU’s draft methane regulation will be impossible to implement in its current form as legislators near completion of draft new rules to crack down on methane leaks from fossil fuels. Methane can leak from fossil fuel infrastructure during extraction, transport, or storage, and it has more […]
Energy News Beat LAUNCESTON, Australia, Nov 13 (Reuters) – Rising demand for liquefied natural gas (LNG) in the top importing regions of Asia and Europe hasn’t been enough to spark an increase in spot prices, which continue to languish. The price of spot LNG for delivery to north Asia slipped to $16.50 per million British […]
Energy News Beat China’s LNG deal-making has been gaining momentum, even amid international calls to pull back on gas development due to greenhouse gas (GHG) emissions and methane leakage problems. Chinese gas importers have increased long-term LNG contracts with both Qatar and the U.S., the world’s second and third largest LNG exporters, by nearly 50 percent since late 2022. […]
Energy News Beat Steve Reese is the CEO of Reese Consulting and Reese Training and has significantly impacted the natural gas market for decades. He worked on over 5% of the United States’ natural gas market through his auditing, training classes, and consulting firm. We need training for the next generation, and his newest projects […]
Energy News Beat Gorgon LNG (Image: Chevron Australia) Chevron’s unit in Australia is working to return to full production from its Gorgon LNG plant in Western Australia following an electrical incident affecting one of the plant’s three trains. The Gorgon LNG plant on Barrow Island has three trains and a production capacity of some 15.6 […]
Energy News Beat Japan’s Inpex has shipped 96 LNG cargoes from its Ichthys export plant in Australia during the January-September period of this year, 16 cargoes more compared to the same period last year. A spokesman for Inpex told LNG Prime on Thursday that the Ichthys project also sent 17 plant condensate cargoes, 22 offshore […]
Energy News Beat US liquefied natural gas (LNG) exports decreased in the week ending November 9 compared to the week before, according to the Energy Information Administration. The agency said in its weekly natural gas report that 23 LNG carriers departed the US plants between November 2 and November 8, six vessels less compared to the […]
Energy News Beat For illustration only (Image: Pieridae Energy) Canada’s Pieridae Energy said it will sell its Goldboro unit as part of its strategic pivot away from LNG. The company has been trying to develop the Goldboro LNG export project for years, including via a floating LNG (FLNG) option. Back in 2020, Pieridae negotiated extensions […]
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.
