Energy News Beat There is significant enthusiasm for a new transport link between Russia and India, Moscow’s top diplomat has said A decline in Western economic clout means it is natural for emerging economic powers to develop new trade infrastructure to meet their growing needs, Russian Foreign Minister Sergey Lavrov has said. The diplomat was […]
Energy News Beat Russia is expected to exceed contracted amounts by delivering up to 23.2 billion cubic meters of gas Russia’s exports of natural gas to China are expected to see a year-on-year increase of as much as 50% in 2023, Gazprom CEO Aleksey Miller said during a meeting with President Vladimir Putin on Tuesday. […]
Energy News Beat Ethiopia had until December 25 to make a $33 million coupon payment to bondholders, but failed to do so Ethiopia has become the latest African nation to default in recent years, failing to make a $33 million interest payment on its only international government bond after a 14-day grace period expired earlier […]
Energy News Beat US LNG exporting giant Cheniere now plans to build two instead of three liquefaction trains as part of the Sabine Pass expansion project in Louisiana. Sabine Pass currently has a capacity of about 30 mtpa following the launch of the sixth train in February last year, while Cheniere’s three-train Corpus Christi plant in Texas […]
Energy News Beat The sanctions-hit nation earned nearly $100 billion through sales of oil and gas, Alexander Novak says The proceeds from Russia’s export of oil and gas contributed about $100 billion (nine trillion rubles) to the budget this year, Deputy Prime Minister Alexander Novak has revealed, close to revenue levels recorded in 2021, before […]
Energy News Beat Down from 2022 highs: San Francisco -12%, Seattle -11%, Portland -6%; Denver, Phoenix, Las Vegas -5%; Dallas -4%, San Diego -2%, Los Angeles -1%. But new highs in 8 metros. By Wolf Richter for WOLF STREET. Today’s S&P CoreLogic Case-Shiller Home Price Index for “October” is a three-month moving average of home prices whose sales were […]
Energy News Beat U.S. climate envoy John Kerry said on Dec. 2 at the U.N. COP 28 global warming summit that the Biden administration “will be working to accelerate unabated coal phase-out across the world, building stronger economies and more resilient communities.” President Joe Biden said recently of coal plants, “We’re going to be shutting these plants down all […]
Energy News Beat The proposed dam on the Kunar River, a crucial water source for Pakistan, lacks a bilateral water-sharing agreement between the two nations. Pakistani officials have expressed strong opposition to the project, considering it a hostile act with potential for escalating tensions and conflict. Despite expert opinions suggesting a minimal impact on water […]
Energy News Beat Net zero will impose significant costs on the rich world over the next two decades, speeding up the economic power shift away from advanced economies. Rapidly growing Asian countries such as Indonesia and Vietnam will continue to grow their share of world GDP to 2050, as ageing populations and rising debt in western economies drag […]
Energy News Beat BRUSSELS — France and Sweden have signed a declaration of intent to develop long-term cooperation in the field of nuclear energy. The declaration was signed in Brussels on Dec. 19 by Sweden’s Deputy Prime Minister and Energy & Industry Minister Ebba Busch and France’s Energy Minister Agnés Pannier-Runacher. The declaration calls for the […]
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.
