Energy News Beat Two U.S. energy giants, ExxonMobil and Chevron, have disclosed their capital investment expectations, encompassing oil and gas plays, which go shoulder to shoulder with emission-reduction solutions, as these oil majors are no strangers to the uncertainly that surrounds the energy transition and low-carbon landscape. As a result, they are taking a shot at […]
Energy News Beat The House voted Wednesday evening in favor of legislation striking down federal regulations targeting gas-powered vehicles which, according to the White House, are designed to “accelerate the transition to electric vehicles.” In a 221-197 vote, the House approved the Choice in Automobile Retail Sales (CARS) Act with 216 Republicans and five Democrats voting in favor. A […]
Energy News Beat Chevron will allocate $14 billion for upstream investments in 2024, the company said in a budget update that saw the total capex planned for 2024 at between $18.5 billion and $19.5 billion. That would be an 11% increase on 2023 spending, Reuters noted in a report on the news. Of the amount dedicated to upstream investment, […]
Energy News Beat The International Energy Agency said in its recent oil report that oil consumption is close to peaking, thanks to transition efforts and energy efficiency gains. Goehring and Rozencwajg: In 12 of the past 14 years, the IEA has underestimated oil demand by an average annual of 820,000 barrels per day. Goehring and […]
Energy News Beat Kristalina Georgieva, a Bulgarian economist who serves as the managing director of the International Monetary Fund, said Monday that the IMF wants to see countries implement punishing new carbon taxes to “fight climate change.” She delivered her dire message at the United Nations COP28 climate summit, where globalists in attendance flew in […]
Energy News Beat Despite well over $1 trillion so far spent by governments on “green energy,” the iShares Global Clean Energy E.T.F., an exchange-traded fund that tracks the entire industry, is down more than 30 percent this year. Further, since the start of 2021, the fund has lost more than 50 percent. The portfolio of the iShares Global Clean Energy […]
Energy News Beat Temperatures plunged last week across Europe and the wind stopped blowing for a number of days. Without gas- and coal-fired turbines coming immediately to the rescue, thousands of people could have perished in the bitter cold. Yet natural gas is being legislated out of existence as a source of electricity across the […]
Energy News Beat 7 Dec, 2023 13:28 HomeBusiness News The country has not closed its doors in the wake of Western pressure, according to the president The Russian market will remain open and competitive despite Western attempts to isolate the country, President Vladimir Putin stated on Thursday. Addressing the VTB Investment Forum in Moscow, Putin […]
Energy News Beat Western attempts to exhaust Russia in the Ukraine conflict could backfire, Sergey Naryshkin has said By backing Kiev in its fight with Moscow, the US risks sleepwalking into another Vietnam War-style debacle, Sergey Naryshkin, the head of the Russian Foreign Intelligence Service (SVR), has said. In an opinion piece for Razvedchik magazine […]
Energy News Beat 7 Dec, 2023 12:34 HomeRussia & FSU The region is “full of dangers” and measures have been taken to ensure the president’s safety, spokesman Dmitry Peskov said Russian Su-35S fighter jets accompanied the plane of President Vladimir Putin during his entire trip to the Middle East. These steps were taken to protect […]
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.
