Energy News Beat Exxon estimated taking a $2.4 billion to $2.6 billion impairment to oil and gas properties along the Southern California coast. Sable Offshore, a company created in 2020, agreed more than a year ago to pay $643 million for the assets. “Continuing challenges in the state regulatory environment have impeded progress in restoring […]
Energy News Beat Analysts polled by the news agency expect GDP to turn sluggish due to high interest rates The Russian economy will inevitably slow down in 2024 due to tight monetary policies pursued by the central bank, RIA Novosti reported on Saturday, citing a consensus outlook for the Russia’s GDP growth. Gross domestic product […]
Energy News Beat SINGAPORE, Jan 5 (Reuters) – China’s oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the world’s biggest crude importer, refinery and trade sources said. The cutback in Iranian oil, which makes up some 10% of China’s crude imports […]
Energy News Beat Since the start of the Russia-Ukraine war in February 2022, energy trade (especially oil) between Russia and India has increased unexpectedly. Before the beginning of the war, India’s share of Russian oil imports was only one percent of its total oil imports. But in one year, the share of Russian oil in […]
Energy News Beat Daily Standup Weekly Top Stories OPEC’s Influence on Oil Prices To Remain Significant In 2024 January 2, 2024 Mariel Alumit Fears of lower demand and rising non-OPEC supply threatens OPEC+ cuts. U.S. oil producers took everyone by surprise this year by adding 1 million barrels in daily output. OPEC’s share in the global […]
Energy News Beat Almost everyone knows that the range estimates advertised by automakers should be taken with a grain of salt, and I’m talking about both electric and combustion vehicles. That said, some EVs manage to beat range estimates in real-world testing done by publications like InsideEVs, Edmunds, and Consumer Reports, which can alleviate some of the range […]
Energy News Beat Viv Forbes reminds us of how quickly peace can turn to war and how important energy and industrial strength suddenly was. At this point Australia has lost half the refining capacity it once had and has only about one month of diesel and petrol. In the event of something hostile stopping the […]
Energy News Beat ENB Pub Note: This article is from Andrew Korybko’s Newsletter on Substack. I had to read the article several times to believe the horror. You can assume from the meetings with the Biden Administration in Mexico and soon meetings with the President of Mexico in DC that this deal has already been […]
Energy News Beat Average hourly earnings fuel worries on the inflation front. By Wolf Richter for WOLF STREET. It was the kind of jobs data you’d expect from an economy that is plugging along just fine. The number of payroll jobs created by employers was “better than expected,” the prior two months were revised down, and after revisions, […]
Energy News Beat Chevron, one of the world’s largest oil companies, has said in a securities filing that regulations in the state of California may hurt its business in the fourth quarter of 2023. In a January 2 notice to the U.S. Securities and Exchange Commission, the company said that it “will be impairing a […]
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.
