Energy News Beat In a significant setback for Nigeria’s fiscal ambitions, negotiations for a record-breaking $5 billion oil-backed loan from Saudi Aramco have hit a wall, with falling crude oil prices casting a shadow over the deal. This development, first broached during a November 2023 meeting between Nigerian President Bola Tinubu and Saudi Crown Prince […]
Energy News Beat The European Union has proposed a fresh round of sanctions against Russia, including those targeting more than 70 ships in the so-called shadow fleet and lowering the price cap on Russian seaborne oil. The latest proposal, unveiled on Tuesday by European Commission President Ursula von der Leyen and High Representative Kaja Kallas, […]
Energy News Beat Tariffs don’t apply to USA-made content. Some EVs are mostly made in the USA, others are mostly made in foreign countries. By Wolf Richter for WOLF STREET. The share of new EVs sold in the US in Q1 2025 rose to 9.83% of total new vehicles sold, up from a share of 9.26% in Q4 […]
Energy News Beat The escalating tensions between Israel and Iran have long been a geopolitical flashpoint, with implications that ripple across global energy markets. Recent speculation about Israel potentially targeting Iran’s nuclear facilities or oil export infrastructure has raised critical questions about the stability of the oil market. Such an event could disrupt Iran’s oil […]
Energy News Beat The European Union is rolling out its 18th sanctions package against Russia, and this time, it’s aiming straight for the heart of Moscow’s energy sector. With a proposed ban on the Nord Stream pipelines and a tighter $45-per-barrel cap on Russian oil (down from $60), the EU is doubling down on its […]
Energy News Beat As summer 2025 approaches, the United States faces a tightening oil supply, raising concerns about potential spikes in gasoline prices during the peak driving season. With U.S. crude inventories dropping, refinery constraints mounting, and global oil dynamics shifting, drivers may feel the pinch at the pump. Let’s dive into the factors driving […]
Energy News Beat Preliminary data from the Directorate General of Customs shows that the country received 1.94 million tonnes of LNG in May. This is up by 15.9 percent year-on-year compared to 1.67 million mt in May 2024. May LNG imports dropped compared to 1.98 million tonnes of LNG in April and 2.08 million tonnes of […]
Energy News Beat HD Hyundai Heavy’s parent HD KSOE announced on Thursday that HD Hyundai Heavy will build eight vessels with a capacity of 15,900 teu. The order is worth 2.4 trillion won. This equals about $1.77 billion or around $221 million per vessel. HD Hyundai Heavy will deliver the container vessels by November 2028. […]
Energy News Beat During the operation, CLPe, a wholly-owned unit of CLP Holdings, and CNOOC Guangdong Water Transport Clean Energy delivered LNG to the container vessel Hanoi Express, owned by Germany’s Hapag-Lloyd, during cargo handling at Kwai Tsing Container Terminals on June 5. CNOOC’s 30,000-cbm, Hai Yang Shi You 301, supplied the LNG to the […]
Energy News Beat Chevron Australia, a unit of US energy giant Chevron, announced the milestone cargo in a social media post on Tuesday. According to Chevron Australia, the 2017-built Asia Integrity set sail on June 2 carrying approximately 157,000 cubic metres of LNG bound for Mizushima, Japan. “Since the first cargo was shipped in October […]
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.
