Energy News Beat By Wolf Richter for WOLF STREET. The ECB took another step at its policy meeting on Thursday to speed up its bond QT program even as it announced the 25-basis point rate cut: It would step away from the bond market entirely after December 17 by removing the last remaining cap on the bond-roll-off. After […]
Energy News Beat Dunkelflaute hits Germany as low wind and cold temps raise electricity prices, deplete gas reserves, and push reliance on natural gas plants. Dunkelflaute is a cursed word in the German electricity sector. The combination, typical of cold anticyclones, of low temperatures (which increase demand), and the almost total absence of wind (which […]
Energy News Beat UK government plans to curb protests against wind and solar projects, limiting judicial reviews to speed up permits and meet 2030 net-zero goals. The UK government is considering curbing communities’ rights to protest against wind and solar power projects, which extends to preventing these projects from being built. [emphasis, links added] […]
Energy News Beat If the economic bloc manages the balance of opportunities and challenges presented by the new member correctly, it could become a powerful asset It has been almost a year since Egypt officially joined BRICS, becoming one of the new members alongside Iran, the United Arab Emirates, and Ethiopia. This strategic move was […]
Energy News Beat Santos said on Thursday the long-term SPA will supply between 0.35 and 0.4 million tonnes per annum of LNG at plateau. The contract term is 12 years, commencing in 2032 on delivered ex-ship (DES) terms. Santos managing director and CEO Kevin Gallagher said the contract is consistent with Santos’ strategy of maintaining […]
Energy News Beat California’s EV mandate faces failure as sales lag, power shortages persist, and budget deficits undermine its unrealistic green goals. California Gov. Gavin Newsom’s electric vehicle (EV) mandate is set to fail, as sales of EVs even in his deep-blue state lag far behind the level necessary to reach 100% of the passenger […]
Energy News Beat Biden admin is racing to spend big bucks on green heavy-duty vehicles, including electric school buses, before Trump returns to power. The lame-duck Biden administration announced Wednesday that it is moving to spend $735 million on green heavy-duty vehicles, including hundreds of millions on green school buses, in its final days. [emphasis, […]
Energy News Beat Lithium-ion batteries powering green tech pose health and environmental risks due to PFAS, flame retardants, and harmful chemicals in production and disposal. Lithium-ion batteries are a linchpin of the clean energy transition. They power electric vehicles and allow us to harness wind and solar power even when the sun isn’t shining or […]
Energy News Beat Rosneft will reportedly supply nearly 500,000 barrels of oil per day to Indian private refiner Reliance Russia’s state energy giant Rosneft has agreed to supply nearly 500,000 barrels per day of various crude grades to Indian private refiner Reliance, Reuters reported on Thursday, citing its sources. Worth roughly $13 billion a year […]
Energy News Beat Moldova’s parliament voted early on Friday (13 December) to impose a national state of emergency for 60 days starting on 16 December due to an expected cut-off of Russian gas supplies from 1 January. Fifty-six members in the 101-seat chamber backed the measure in the vote just after midnight following Prime […]
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.
