Energy News Beat Portuguese oil and gas company Galp has announced the discovery of light oil at the Mopane-1X well offshore Namibia, bringing the total number of oil and gas discoveries to six since 2022. Namibia has reached another milestone in its exploration journey, with Portuguese multinational energy corporation Galp announcing the discovery of light […]
Energy News Beat A study of clean energy alternatives led by the Pueblo Innovative Energy Solutions Advisory Committee (PIESAC) found that only advanced nuclear could make the community “whole” from the losses it will suffer from the closure of the last unit at the Comanche coal-fired power plant in Pueblo, Colorado, while ensuring a just […]
Energy News Beat LAUNCESTON, Australia, Jan 11 (Reuters) – China’s status as the colossus of renewable energy is set to be cemented in the next five years, with the world’s second-biggest economy adding more capacity than the rest of globe combined. The International Energy Agency said in its Renewables 2023 report, released on Thursday, that […]
Energy News Beat There is more demand of U.S. natural gas now and it is expected to growth more by 2025, said Williams Companies (WMB) CEO Alan Armstrong. The Henry Hub Natural Gas Spot Price reached $8.81 per million Btu in August 2022, but last year prices declined about 60% and moved down below the […]
Energy News Beat Wind farms will cause more environmental impact than previously thought When it comes to energy production, there’s no such thing as a free lunch, unfortunately. As the world begins its large-scale transition toward low-carbon energy sources, it is vital that the pros and cons of each type are well understood and the […]
Energy News Beat Russia was on pace for a second year of record oil drilling in 2023, further evidence of the nation’s resilience to Western sanctions. The boom in activity came alongside a recovery in both the volume and value of Russia’s oil exports, a stark illustration of how the country’s fossil fuel industry has been a […]
Energy News Beat BRICS members Russia and Iran have officially abandoned the SWIFT payment system for cross-border transactions. The two countries will initiate payments to settle international trade using direct bank transfers. SWIFT payment system is no longer needed for trade between Russia and Iran, as both countries have agreed to carry out transactions directly […]
Energy News Beat The Biden administration is reevaluating the climate criteria it uses to approve new liquefied natural gas export facilities, threatening to stall pending projects as the 2024 election nears. A panel of government officials convened by White House climate adviser Ali Zaidi met to develop a policy recommendation on the issue for President […]
Energy News Beat The following content is sponsored by the EnergyX Will Direct Lithium Extraction Disrupt the $90B Lithium Market? Current lithium extraction and refinement methods are outdated, often harmful to the environment, and ultimately inefficient. So much so that by 2030, lithium demand will outstrip supply by a projected 1.42 million metric tons. But there […]
Energy News Beat Japan’s Inpex plans to enter into a deal with compatriot Tokyo Gas to buy a small stake from the latter in the Inpex-operated Ichthys LNG export project in Australia. Inpex said in a statement it would buy a 1.575 percent stake held by Tokyo Gas in the Ichthys LNG project through Tokyo […]
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.
