Energy News Beat Defying earlier expectations of slowing growth, U.S. crude oil production has surged this year to extend America’s lead at the top of the ranking of the world’s biggest oil producers. In September, U.S. oil output surged to a record high for any month in history, and forecasts are that production will continue […]
Energy News Beat European Union regulations obligated banks to increase loans and bonds for environmentally friendly industries, leading to a boost in green financing. Banks like Credit Agricole are voluntarily shifting away from financing oil and gas projects, aligning with sustainable investment trends. The U.S. is experiencing slower sustainable financing growth due to political resistance, […]
Energy News Beat PARIS, Jan 7 (Reuters) – France requires more than the six new nuclear plants currently planned and possibly needs to build more than 14 new plants, its energy minister said, just days before a parliamentary debate begins on the issue. Speaking to weekly newspaper La Tribune Dimanche, Energy Transition Minister Agnes Pannier-Runacher […]
Energy News Beat ROME — The balance between offense and defense in war swings back-and-forth, often depending on who has the best kit. But on the seabed’s battlefield, the aggressors are currently very much in charge. In October, all it reportedly took was an anchor, dragged along the seabed for about 112 miles by a Chinese […]
Energy News Beat Congressman Tom Emmer’s CBDC Anti-Surveillance State Act now has 75 cosponsors. “A central bank digital currency is government-controlled programmable money that, if not designed to emulate cash, could give the federal government the ability to surveil and restrict Americans’ transactions,” the lawmaker cautioned. CBDC Anti-Surveillance Bill Gains Support in Congress Seventy-five U.S. […]
Energy News Beat There’s something wrong with previous U.S. jobs reports. The government quietly erased 439,000 jobs through November 2023, a closer look at the numbers from the Bureau of Labor Statistics shows. That means its initial jobs results were inflated by 439,000 positions, and the job market is not as healthy as the government suggests. Since […]
Energy News Beat (Bloomberg) – Angola quit OPEC because its quota limits hindered the country’s plans to stabilize crude production above 1 MMbpd, according to the country’s top oil official. The African nation’s December exit from OPEC came after the group imposed a much lower production limit. The tighter cap was too much for Angola, […]
Energy News Beat As a Californian who studies energy for a living, I am acutely aware of the very damaging energy ideas and policies of our current Governor, Gavin Newsom. I was thus very happy to see Governor Ron DeSantis quickly demolish Newsom’s “government-dictated green energy policies” (the exact right term, which I’ve actually never […]
Energy News Beat Hamburg-based E&S Tankers, a joint venture of Essberger Tankers and Stolt Tankers, has taken delivery of the LNG-powered chemical tanker, Eberhart Essberger. E&S Tankers announced the delivery of the 6,600-dwt vessel, the third of four LNG-powered newbuilds, in a social media post. China Merchants Jinling Shipyard (Yangzhou) built the ship. According to […]
Energy News Beat US LNG firm NextDecade has entered into a credit agreement as it works to take a final investment decision to build the fourth liquefaction train at its Rio Grande LNG export project in Texas. The company’s unit NextDecade LNG has entered into a credit agreement with MUFG Bank as lender and administrative […]
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.
