Energy News Beat The UK government is cracking down on a London-based entity, Nest Wise Trading Ltd, linked to Iranian oil tycoon Hossein Shamkhani. The action is part of a broader effort by the UK and US to target entities suspected of sidestepping oil-trading restrictions. Nest Wise Trading Ltd faces dissolution for failing to provide […]
Energy News Beat Goldman Sachs expects Brent crude oil prices to see some upside in the fourth quarter, potentially reaching $77 per barrel. The bank’s outlook is driven by several key factors, including a recent interest rate cut by the Federal Reserve and strong U.S. economic data. Additionally, Hurricane Helene’s formation reminds markets that hurricanes […]
Energy News Beat A fire involving a container carrying lithium-ion batteries at the Port of Montreal triggered a temporary stay-at-home order for nearby residents on Monday. The incident occurred in a container at one of the port’s terminals. “Our Port Prevention and Security teams have been at work since the beginning of the incident, which […]
Energy News Beat CHEYENNE, Wyo. — In a new release, the Bureau of Land Management announced that it will be leasing a total of 4,641.95 acres of land over eight separate parcels for oil and gas production beginning with a sale Dec. 3. Scoping on these eight parcels, spread all throughout eastern and southern Wyoming, […]
Energy News Beat North Sea oil and gas operators are not just facing the prospect of higher windfall taxes, they are now also finding it more difficult to get loans from UK banks. The windfall profit tax was imposed on the energy industry in 2022 amid record profits resulting from the supply uncertainty in oil […]
Energy News Beat Oil production in North Dakota fell 18,000 barrels per day (bpd) to 1.168 million bpd in July, monthly data from the state Industrial Commission showed on Monday. Wells permitted jumped to 107 in July and 100 in August, versus 78 in June. The state needs to permit roughly 100 wells in a […]
Energy News Beat Tummel Bridge Power Station in Perthshire has been officially reopened by Scotland’s First Minister, John Swinney, following a £50 million upgrade by SSE Renewables. The refurbishment involved installing new hydro-electric turbines, which will extend the station’s operation by at least 40 years and increase its generation capacity from 34 to 40 megawatts. […]
Energy News Beat Cheniere’s Corpus Christi liquefaction plant now has three operational trains, each with a capacity of about 5 mtpa. In June 2022, Cheniere made the final investment decision on the Corpus Christi Stage 3 expansion project, worth about $8 billion. Compatriot Bechtel officially started construction on the project in October of the same year. The project includes […]
Energy News Beat Under the deal, TotalEnergies will deliver 200,000 tons of LNG per year for seven years starting from 2027. Thanks to this agreement, with prices indexed both to Brent and Henry Hub, TotalEnergies strengthens its long-term position in South Korea, the world’s third-largest LNG importing country, TotalEnergies said in a statement. Gregory Joffroy, […]
Energy News Beat Membership presents an opportunity to challenge the dominance of the dollar and euro, the Burkinabe prime minister says Prime Minister of Burkina Faso Apollinaire Joachim Kyelem de Tambela has expressed an interest in joining BRICS. Membership of the group would make it possible to challenge the “domination of the dollar and […]
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.
