Energy News Beat OPEC+ has seen its oil market share fall to 51% this year, the IEA said Thursday. While US oil output has soared, Guyana and Brazil have also produced record volumes in 2023. Brazil’s output jumped 400,000 barrels a day to 3.6 million this year, according to Kpler. The Organization of Petroleum Exporting […]
Energy News Beat (The Center Square) – On Thursday, a north Texas-based natural gas energy expansion project was announced to further strengthen the Texas grid. Gov. Greg Abbott, ERCOT President and CEO Pablo Vegas, and Calpine Corporation CEO Thad Hill announced Calpine was expanding its natural gas production operations at its Freestone County Energy Center. […]
Energy News Beat Billions of euros earmarked to boost renewable energy and slash emissions are on the cutting block after EU leaders proposed moving them over to fund immigration and defense efforts instead. The move came during this week’s EU leaders’ summit in Brussels, where European Council President Charles Michel proposed axing nearly all of a €10 […]
Energy News Beat How the Oil and Gas Industry Spends Its Profits 2022 was a highly profitable year for the oil and gas industry. Due to Russia’s invasion of Ukraine, energy prices skyrocketed, and the industry amassed an astounding $4 trillion in profits. So, how were these 2022 profits spent? And how does this spending […]
Energy News Beat The Northern Sea Route is already a superior alternative to other major global trade waterways, Russian Deputy Prime Minister Yuri Trutnev says Russia is actively expanding trade via the Northern Sea Route (NSR), with shipments set to reach an all-time high in 2023, Deputy Prime Minister and Presidential Envoy to the Far […]
Energy News Beat Investing Mexican state energy company Pemex’s mounting debt with oil service providers as well as private crude and gas producers threatens production, investment and in some cases even the survival of suppliers, industry groups warned. Source: Reuters In addition to financial debt of more than $105 billion, the company disclosed that at […]
Energy News Beat IER . Commentary Contact The Expert Key Takeaways 1 Despite pouring billions of investors’ dollars into electric vehicles and billions more from federal and state governments, EV sales growth is slowing. 2 Ford is cutting planned production of its electric F-150 in half for 2024, after losing $60,000 per electric vehicle sold. […]
Energy News Beat The currency’s reputation has been jeopardized by Brussels’ freezing of Russian assets, Elvira Nabiullina says The euro could lose its status as a global reserve currency if Brussels goes through with threats to use frozen Russian assets to help Ukraine, the head of the Russian central bank, Elvira Nabiullina, warned on Friday. […]
Energy News Beat British households have piled up record debts of almost £3 billion ($3.8 billion) with electricity and gas suppliers, national energy regulator Ofgem has revealed. The total amount owed to energy suppliers has soared by £400 million since mid-October, according to a report released on Friday. It is now at its highest ever […]
Energy News Beat Daily Standup Weekly Top Stories Russia’s Shadow Fleet – 24 min Bloomberg Video – “Ships aquired by “We don’t know who; and insured by who knows?” December 9, 2023 Stu Turley ENB Pub Note: Michael and I have talked about the “Shadow Fleet” for several years. Iran had been ahead of Russia in […]
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.
