Energy News Beat Assisting Kiev’s war effort without US support will be a blow to the bloc’s budget, Bloomberg economists have warned The EU is facing extra costs of $3.1 trillion over the next decade if it wants to support Ukraine while member states build up their own militaries in the absence of US assistance, […]
Energy News Beat By Wolf Richter for WOLF STREET. As has been the case for many months, today’s Producer Price Index for January included big up-revisions of the prior month, driven by a whopper up-revision for services which account for two-thirds of the overall PPI. On top of these upwardly revised December figures, the PPI rose further in […]
Energy News Beat Despite soaring solar and wind power installations, China launched construction of as many as 94.5 gigawatts (GW) of new coal power projects in 2024, the highest level since 2015, new research showed on Thursday. China also approved 66.7 GW of new coal-fired power capacity in 2024, as approvals picked up in the second half […]
Energy News Beat Golar announced the sale of the 2003-built steam turbine LNG carrier, Golar Arctic, in a statement on Thursday, but the firm did not reveal the buyer. The sale price for the vessel is $24 million before transaction-related expenses. Golar said the LNG carrier is unencumbered. Moreover, the transaction is expected to close, […]
Energy News Beat Trump froze billions in renewable energy funding, sparking opposition in rural districts and legal battles over local control of renewable projects. President Donald Trump last month froze billions of dollars the Biden-Harris administration was pouring out to renewable energy projects. [emphasis, links added] Despite the widespread claim that wind and solar power […]
Energy News Beat Trump may try to reclaim $4.3B in unspent federal funds for California’s high-speed rail, following delays and disputes with Newsom and Biden. President Donald Trump could claw back $4.3 billion in unspent federal funds for California’s high-speed rail project, just as he froze $1 billion for the perpetually delayed and derailed project […]
Energy News Beat BP has halted renewable investments, refocusing on oil and gas with asset sales and major projects after profits fell and investor pressure rose. BP has halted all investments in renewable energy as part of a “fundamental reset” of its strategy. [emphasis, links added] As part of a bid to refocus on fossil […]
Energy News Beat Industry is at loggerheads over whether to scrap the EU’s strict green hydrogen rules in the face of a flagging market ramp-up. Last year, Europe fell significantly short of its target to produce 6 million tonnes of green hydrogen. Industry holds out little hope of meeting a lofty EU target of […]
Energy News Beat ENB Pub Note: This article has some interesting points, but we will be following the India/U.S. conversations about tariffs and trade as India will be one of the largest global importers of LNG. And we know President Trump loves to move our energy dominance. The Indian leader’s trip comes on the heels […]
Energy News Beat Treasury Secretary Scott Bessent has personally delivered the US president’s demands to Ukrainian leader Vladimir Zelensky US President Donald Trump expects Treasury Secretary Scott Bessent, who visited Ukraine on Wednesday, to secure a deal ensuring Washington gets a return on the billions of dollars it has invested in aid to Kiev. Trump […]
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.
