Energy News Beat (Bloomberg) — A Canadian province that exports electricity to the US raised power prices for three states by 25% on Monday in retaliation for President Donald Trump’s tariffs. Ontario directed its grid operator, the Independent Electricity System Operator, to add a C$10 ($7) per megawatt-hour surcharge to all power exported to Minnesota, […]
Energy News Beat Shandong Yulong Petrochemical is set to begin trial runs at its second 200,000 bpd crude processing unit, increasing China’s refining capacity. This expansion could lead to a boost in China’s crude oil imports, despite recent declines. The refiner has been diversifying its crude sources, increasing purchases from West Africa and Brazil. Shandong […]
Energy News Beat Germany’s new coalition government is shifting energy policy, potentially rolling back ambitious climate targets. The government plans a €500 billion infrastructure fund to upgrade the nation’s aging power grids. Concerns over high energy costs and energy security are driving the new policy direction, impacting both domestic and European energy markets. Germany is […]
Energy News Beat The Collapse of the Green Revolution We are seeing startling trends worldwide, and our special guest today is an author and energy speaker, Robert Bryce. We have so much to cover, and he is an incredible Substack with information. Join Tammy Nemeth, Irina Sav, David Blackmon, and Stu Turley as we cover […]
Energy News Beat Technology can’t provide the economic miracle Starmer wants. By David Gerard, the author of the book Attack of the 50 Foot Blockchain and the cryptocurrency and blockchain news blog of the same name. A government bureaucracy generates paperwork—and even more paperwork when it’s computerized. But human judgement is expensive. What if a […]
Energy News Beat Natural gas accounts for 42% of electricity generation. It’s feedstock for fertilizers. It’s widely used for heating. And 19% was exported in 2024. By Wolf Richter for WOLF STREET. The notoriously volatile price of US natural gas futures has been zigzagging higher since mid-2024 and overnight spiked to over $4.80 per million Btu, and currently […]
Energy News Beat Hapag-Lloyd Hapag-Lloyd’s terminal and infrastructure division Hanseatic Global Terminals (HGT) has acquired a 60% stake in CNMP (Compagnie Nouvelle de Manutentions Portuaires), operator of Atlantique container terminal in Le Havre, France. The remaining 40% of the shares in CNMP will continue to be held by temperature-controlled food logistics specialist Seafrigo Group. Le […]
Energy News Beat A major rescue operation is underway in the North Sea after a product tanker and a containership crashed and caught fire off the coast of Hull in east Yorkshire, UK. A US-flagged MR tanker Stena Immaculate was struck by the Portugal-flagged containership Solong while at anchor off the Humber Estuary. Multiple nearby […]
Energy News Beat Whitecap Resources and Veren have agreed to a $10.4 billion all-share merger, creating a major Canadian oil and condensate producer. The combined company will have an enterprise value of $10.4 billion and produce 370,000 barrels of oil equivalent per day. The merger will create the largest Canadian light oil-focused producer and a […]
Energy News Beat The Labour government under Keir Starmer has upheld its promise to halt new oil and gas exploration but is now allowing tiebacks—connecting new reserves to existing fields. The government has decided not to renew the windfall tax on oil and gas companies beyond 2030. Facing declining domestic production, energy security concerns, 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.
