Energy News Beat The Biden administration on Friday finalized a plan to dramatically curb the number of offshore oil and gas lease sales over the next five years as it continues to aggressively push green energy development. The Department of the Interior’s (DOI) five-year offshore oil and gas leasing program schedules just three Gulf of Mexico lease sales through […]
Energy News Beat The researchers said that an increment in heating demand due to the use of heat pumps can be accurately predicted based on heating hours, local climate, heat loss and thermal mass. They also recommended including heat loss and thermal mass parameters in buildings’ energy performance certificates, so households can make more informed […]
Energy News Beat A new study from Lawrence Berkeley National Lab offers fresh insights into the impact of wind farms on the values of nearby homes. The analysis, “Commercial Wind Turbines and Residential Home Values: New Evidence from the Universe of Land-Based Wind Projects in the United States,” scrutinized a dataset of 500,000 home sales near 428 […]
Energy News Beat The advent of the LNG Export Era has had a dramatic impact on the North American Natural Gas Market. Nearly 13% of all natural gas produced in North America is shipped overseas to trading partners; exposing domestic customers to international markets. This global market exposure has been highlighted by the events in […]
Energy News Beat Greece’s first floating storage and regasification unit (FSRU) has arrived in Alexandroupolis, where it will soon start serving Gastrade’s LNG import project. According to its AIS data, the 153,600-cbm Alexandroupolis was on Sunday anchored offshore the Greek port of Alexandroupolis. Greece’s Gastrade confirmed the arrival of the FSRU in the waters of […]
Energy News Beat A unit of Japan’s city gas supplier and LNG importer, Tokyo Gas, has agreed to buy Texas-based natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for $2.7 billion. Tokyo Gas America decided to acquire all shares of Rockcliff Energy II through its ownership interest in TG Natural Resources […]
Energy News Beat Germany’s first FSRU-based import facility in Wilhelmshaven has received 42 liquefied natural gas (LNG) cargoes since its commissioning in December 2022, according to state-owned energy firm Uniper. The 170,000-cbm FSRU Hoegh Esperanza, owned by Norway’s Hoegh LNG and chartered by the German government, received its first LNG cargo in Wilhelmshaven from the US […]
Energy News Beat State-owned LNG terminal operator Deutsche Energy Terminal has allocated 11 regasification slots at its FSRU-based LNG import terminal in Germany’s Stade as it works to launch the facility in February next year. DET held capacity auctions on December 11 and 14 for in total 15 regasification slots. This is the second time […]
Energy News Beat France was the top destination for US liquefied natural gas (LNG) supplies in October as Europe continues to receive the majority of volumes produced at US liquefaction plants, according to the Department of Energy’s newest monthly report. The DOE report shows that US terminals shipped 53.6 Bcf of LNG to France in […]
Energy News Beat Somalia has officially become the eighth member of the East African Community (EAC) after more than a decade of lobbying to be admitted into the regional trade bloc that operates a single market and allows free movement of goods and people among member states. The country’s leader, Hassan Sheikh Mohamud, signed the […]
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.
