Energy News Beat Minnesota taconite mine operator Cleveland-Cliffs is testing a new method for treating industrial wastewater in hopes of decreasing water, chemical and energy use — as well as costs. The project is among several efforts by the company to lower its energy use as steelmakers face growing pressure from governments, investors, and […]
Energy News Beat China Oil and Gas Pipeline Network (PipeChina) has received the 400th liquefied natural gas shipment at its Tianjin LNG import terminal. The 2019-built 174,000-cbm LNG carrier, Pan Africa, delivered last week the milestone LNG cargo to the terminal located in the northern port city Tianjin near Beijing, according to a statement by […]
Energy News Beat Two missiles launched from territory controlled by Yemen’s Houthi rebels have targeted a commercial tanker near the strategic Bab el-Mandeb Strait, according to a United States official cited by The Associated Press news agency. The missiles fired on Wednesday missed the Marshall Islands-flagged vessel Ardmore Encounter, which was travelling north towards the […]
Energy News Beat Greece’s Minerva Marine has reportedly signed a letter of intent for two LNG-powered tankers with China’s New Times Shipbuilding, according to brokers. The LoI is for two 115,000-dwt LNG dual-fuel LR2 tankers, Intermodal, Allied, and other brokers said. Allied said that the deal is backed by a time charter. It also said […]
Energy News Beat Charlotte-based NASCAR, like so many of its Fortune 500 advertisers, has lofty goals to reduce its carbon footprint and invest in renewable energy. But just as stock-car racing has long held prominence in the Southeast, so too have electric utility monopolies. And unlike in neighboring Virginia, which has its own share […]
Energy News Beat The following story is the first in a series produced in collaboration with KAXE/KBXE, an independent, nonprofit community radio station that tells the stories of northern Minnesota. World leaders in Dubai this week are concluding the latest United Nations conference on climate change, where experts and advocates repeated urgent pleas for […]
Energy News Beat Oil Price The Permian basin saw a surge in mergers and acquisitions this year, with the total value already exceeding a record $100 billion, led by the mega deals announced by ExxonMobil and Chevron, energy consultancy Wood Mackenzie said on Tuesday. Source: Oil Price The Permian, the top oil-producing basin in the United States, […]
Energy News Beat World Oil (Bloomberg) – Drilling rights in the U.S. Permian basin are commanding prices not seen since the worldwide pandemic crushed oil markets more than four years ago. Occidental Petroleum Corp.’s $10.8 billion takeover of CrownRock LP equates to more $50,000 per acre for rights to drill some of the richest oil deposits in […]
Energy News Beat Daily Standup Top Stories House passes bill barring imports of Russian uranium for nuclear power December 12, 2023 Mariel Alumit The House on Monday passed legislation that would bar imports of Russian uranium for nuclear power plants. The measure was passed by a voice vote with bipartisan support. Ahead of the voice vote, […]
Energy News Beat But gasoline plunged and durable goods dropped. Food rose further from already painfully high levels. By Wolf Richter for WOLF STREET. Inflation in services accelerated in November for the second month in a row, to an annualized rate of 5.8%, driven by housing, healthcare, and insurance. Services is where about 65% of consumer spending goes, […]
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.
