Energy News Beat Egypt has a long and storied history across thousands of years. It has seen the world develop from a hunter-gatherer society to the modern globally connected world. Egypt has long relied on the presence of the Nile River to sustain the country, however in terms of energy the famous river only plays […]
Energy News Beat The bulk of reports percolating out of the WEF’s annual meeting have been scornful, revealing a proposed programme of enlightened elite global governance that is not going as planned. Geopolitics is back with a vengeance; the “energy transition” has turned out, so far, mostly to mean unilateral economic disarmament in favour of Russia […]
Energy News Beat U.S. oil production has been holding at or near record highs since October, topping the previous peak from 2020, even though the number of active domestic oil drilling rigs is down by nearly 30% from four years ago. Strength in oil prices and gains in investment and output efficiency have contributed to […]
Energy News Beat Britain’s climate watchdog has privately admitted that a number of its key net zero recommendations may have relied on insufficient data, it has been claimed. Sir Chris Llewellyn Smith, who led a recent Royal Society study on future energy supply, said that the Climate Change Committee only “looked at a single year” of data showing the […]
Energy News Beat In an oil and gas report sent to Rigzone recently, Macquarie strategists said they do not expect current Mid East tensions to reduce crude supply, “even with large changes to normal shipping routes already underway”. “According to our global intelligence and security colleagues Michael Bender and Mariya Dimova, no major actor wants […]
Energy News Beat HOUSTON, Jan 21 (Reuters) – Exxon Mobil Corp (XOM.N), opens new tab on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May. This is the first time Exxon is seeking to exclude a shareholder […]
Energy News Beat In a statement sent to Rigzone recently, Unite the union said around 100 offshore drillers employed by Odfjell Technology (UK) Ltd, working on Equinor’s Mariner platform, are set to strike over three months to secure improvements to working rotas. “Unite members voted unanimously in favor of strike action, and by 99 percent […]
Energy News Beat On October 23, 2023 ExxonMobil announced the acquisition of Pioneer Natural Resources in an all-stock transaction valued at approximately $64.5 billion. The acquisition would combine Pioneer’s more than 856,000 acres in the Midland Basin with ExxonMobil’s 570,000 net acres in the adjacent Delaware and Midland Basins resulting in an estimated 16 billion barrels of […]
Energy News Beat Gas station owner Sunoco LP will buy pipeline and liquids terminal operator NuStar Energy in an all-equity transaction valued at around $7.3 billion, including debt, the companies said on Monday in the latest merger deal in the U.S. energy sector. Under the terms of the definitive agreement, NuStar common unitholders will receive 0.400 Sunoco […]
Energy News Beat Iran’s Supreme Leader Ayatollah Khamenei gave his official approval to a new 20-year comprehensive cooperation deal between the Islamic Republic of Iran and Russia. The agreement will replace the 10-year-deal signed in March 2001 and has been expanded not only in duration but also in scope and scale. The new deal includes […]
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.
