Energy News Beat Nigeria, the biggest oil producer in Africa, is considering ways to curb soaring inflation, including by giving the central bank powers to use gold to boost reserves. Nigerian lawmakers are discussing a bill to create a so-called Gold Reserve Authority and give the central bank the powers to be the automatic off-taker […]
Energy News Beat Projection is blaming someone else for your own bad behavior. We saw a classic case of projection in Thursday’s presidential debate, when President Biden—who is overseeing annual budget deficits of $2 trillion—asserted that his predecessor, Donald Trump, added more to the federal debt than anyone else. It’s part of the latest leftist argument: that […]
Energy News Beat Shares in BP fell by as much as four percent this morning after it warned it was expected to post an impairment of up to $2bn (1.6bn) and was operating under “significantly” lower refining margins. The FTSE 100 oil major, which in April surprised investors with a better-than-expected oil and gas trading performance […]
Energy News Beat Dive Brief: The year-over-year inflation rate for U.S. electricity prices reached 5.9% in May, up from 3.8% in January, according to Bank of America Institute, a think tank utilizing proprietary data to develop insights into consumer behavior and the economy. Utility payments — including electricity, gas, waste removal and water — declined 1.4% […]
Energy News Beat The desire to control so much of other people’s lives is inconsistent not only with liberalism, but with the U.S. Constitution. Government has controlled so much of our lives for so long, it now seems normal, even rational. Where we live. Where we work. Whom we hire. What becomes of our labor. What we eat. The precise share of […]
Energy News Beat Germany is nearing a decision on what to do with the local units of Russian oil major Rosneft PJSC that the government seized two years ago after Moscow’s invasion of Ukraine. The future of the assets will be determined soon, a government official familiar with the matter told reporters Monday. The state-controlled […]
Energy News Beat Ed Miliband, the UK’s new Secretary of State for Energy Security and Net Zero, has outlined his priorities in a message to staff, which was posted on the UK government website. “Our department will be at the heart of the new government’s agenda, leading one of the Prime Minister’s five national missions, […]
Energy News Beat There’s a dark side to ‘The Next AI Trade’—at least for some landowners. Powering up America and upgrading power grids for artificial intelligence data centers, onshoring trends, and the electrification of the economy will require thousands of miles of new transmission lines nationwide. Existing lines will be upgraded, but new lines will also be needed, […]
Energy News Beat About half the countries in the region are experiencing a rush in oil exploration that threatens the global drive to achieve net zero. But many argue that they have a right to enrich themselves in the same way the west has His raised hands dirty with oil, the president of Brazil, Luiz […]
Energy News Beat US LNG terminal operator Freeport LNG has shut down its three-train liquefaction and export plant in Texas due to Hurricane Beryl. “We safely ramped down production at our liquefaction facility on Sunday, July 7, ahead of Hurricane Beryl making landfall,” a Freeport LNG spokeswoman told LNG Prime in an emailed statement on […]
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.
