Energy News Beat WASHINGTON — The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America’s balance sheet in the coming years. The U.S. Treasury Department issued a report Tuesday logging U.S. finances, which have become a source of tension in a […]
Energy News Beat (Bloomberg) – Chevron Corp. will book fourth-quarter charges of $3.5 billion to $4 billion, citing assets it sold in the Gulf of Mexico and policies in California prompting the company to slash investments in the state. Source: Chevron Chevron said Tuesday in a filing it will impair some of its U.S. oil […]
Energy News Beat Poland’s LNG imports via the Swinoujscie terminal rose almost 6 percent in 2023 compared to the year before, boosted by shipments from the US, according to Orlen. The Swinoujscie LNG terminal received 62 cargoes or about 4.66 million tonnes of LNG in 2023, Orlen said in a statement. This compares to 58 […]
Energy News Beat The following commentary was written by Shelley Hudson Robbins, Project Director at the Clean Energy Group. See our commentary guidelines for more information. The North Carolina Utilities Commission just dropped a riveting order outlining the nightmare scenario that played out in control rooms and meeting rooms one year ago as Duke Energy struggled […]
Energy News Beat Nasdaq LONDON/DUBAI, Jan 2 (Reuters) – OPEC+ plans to hold a meeting of its Joint Ministerial Monitoring Committee (JMMC) in early February, though an exact has not been decided, three sources from the alliance said. Source: Reuters OPEC+, which comprises the Organization of the Petroleum Exporting Countries and allies led by Russia, […]
Energy News Beat Yahoo Finance HOUSTON (Reuters) -Oil prices dipped during the first session of 2024, with economic headwinds from interest rate jitters unraveling gains from worries that tensions in the Red Sea could disrupt supplies. Source; Reuters Brent crude was down 62 cents, or 0.8%, to $76.42 a barrel at 12:01 p.m. ET (17:01 […]
Energy News Beat Nasdaq Jan 2 (Reuters) – Chevron CVX.N said on Tuesday it would take non-cash writedowns on U.S. oil and gas production, primarily in California, and for securing abandoned wells and pipelines in the U.S. Gulf of Mexico that had been previously sold. The U.S. oil major expects to take non-cash, after-tax charges of between $3.5 billion […]
Energy News Beat Interest payments threatening to eat up half the tax receipts may be the only disciplinary force left to deal with Congress. By Wolf Richter for WOLF STREET. The total US national debt spiked by $1.0 trillion in 15 weeks since September 15, to $34.0 trillion, according to the Treasury Department’s figures this afternoon. In the […]
Energy News Beat Daily Standup Top Stories OPEC’s Influence on Oil Prices To Remain Significant In 2024 January 2, 2024 Mariel Alumit Fears of lower demand and rising non-OPEC supply threatens OPEC+ cuts. U.S. oil producers took everyone by surprise this year by adding 1 million barrels in daily output. OPEC’s share in the global total […]
Energy News Beat Tesla has always been willfully lousy in reporting delivery details. Today it made the obfuscation worse. By Wolf Richter for WOLF STREET. Tesla’s global deliveries in 2023 jumped by 38% to about 1.81 million vehicles, a new record and exceeding its guidance of 1.8 million vehicles. Deliveries in Q4 jumped by 11% from the prior […]
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.
