Energy News Beat After inflation, “real” yields on money-market funds are near 2%, and households kept pouring cash into them. But CDs lost ground. By Wolf Richter for WOLF STREET. Balances in money-market funds held by households at the end of Q1 continued their massive surge and rose by another $115 billion from the prior quarter, to $4.62 […]
Energy News Beat In a dramatic escalation of regional tensions, Israel has ordered the immediate shutdown of its Leviathan gas field, the country’s largest energy asset, citing security threats amid ongoing conflict with Iran. This abrupt halt, announced by Israel’s Energy Ministry on June 13, 2025, has severed a critical natural gas supply line to […]
Energy News Beat BP operates GTA with a 56 percent working interest alongside Kosmos Energy (27 percent), Petrosen (10 percent), and SMH (7 percent). According to its AIS data provided by VesselsValue, the 2018-built 173,400-cbm British Contributor, which is on charter to BP, was sailing offshore Western Sahara on Friday after loading a cargo from […]
Energy News Beat In August last year, NextDecade and Bechtel signed a $4.3 billion lump sum turnkey engineering, procurement, and construction (EPC) contract for the construction of the fourth Rio Grande LNG train. NextDecade announced on Thursday that its subsidiaries have finalized a “pricing refresh” of this contract. Is Oil & Gas Right for Your […]
Energy News Beat “Spark30S (Atlantic) freight rates rose for the first time in almost six weeks, increasing by $4,000 to $33,000 per day this week,” Spark’s data lead Qasim Afghan told LNG Prime on Friday. Meanwhile, Spark25S (Pacific) rates stayed relatively steady at $20,750 per day, he said. In Europe, the SparkNWE DES LNG rose […]
Energy News Beat EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 28 LNG vessels is 105 Bcf. This compares to 25 shipments and 94 Bcf in the week ending June 4. According to data from S&P Global Commodity Insights, average natural gas deliveries to US LNG export terminals […]
Energy News Beat The escalating conflict between Israel and Iran has sent shockwaves through global energy markets, prompting oil forecasters to rapidly revise their price outlooks. With military strikes intensifying and fears of supply disruptions mounting, the geopolitical risk premium on oil has returned with a vengeance. Brent crude surged past $78 per barrel in […]
Energy News Beat UK-based energy company Energean has temporarily suspended production activities on its FPSO located offshore Israel due to the escalation of conflicts with Iran. On Friday, Israel launched widespread strikes against Iran, which led to immediate retaliation from Iran. Energean said that it received notice from the Israeli Ministry of Energy and Infrastructure […]
Energy News Beat Israel launched wide-scale strikes against Iran this morning, targeting nuclear facilities, ballistic missile factories and military commanders, stating that the operation will continue “as long as necessary”. Immediately thereafter, Iran vowed “severe punishment for Israel” and has sent more than 100 drones to attack Israel. The UKMTO advised that there is presently […]
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.
