Energy News Beat News|Business and Economy Argentina has announced that it will not join the BRICS bloc of developing economies, fulfilling a campaign promise by newly elected far-right President Javier Milei who has pledged to pursue closer ties with the West. In a letter dated December 22 but released on Friday, Milei told the leaders […]
Energy News Beat CNBC Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices. Source: CNBC Brent crude futures were up 44 cents, or 0.6%, at $77.59 a barrel on Friday, the […]
Energy News Beat World Oil (WO) – QatarEnergy has announced a five-year crude oil supply agreement with Shell International Eastern Trading Company, Singapore (Shell). Source: World Oil The agreement stipulates the supply of up to 18 MMbbl per annum of Qatar Land and Qatar Marine crude oils to Shell starting January 2024. QatarEnergy and Shell […]
Energy News Beat Oil Price OPEC could potentially face further loss of market share in early 2024 following the recent departure of Angola, weakening demand and rising output by non-OPEC producers, Reuters claims, based on its own calculations. Source: Reuters Reuters reports that OPEC’s production is set to slip below 27 million barrels per day […]
Energy News Beat Gazprom may once again become the only gas supplier to Moldova if the latter can secure a better price from the Russian energy giant than it can on supplies from the EU, Moldovan Energy Minister Victor Parlicov said on Friday in an interview with Publika TV. The minister also said that the […]
Energy News Beat Russia and Iran have reportedly agreed to avoid the dollar in bilateral trade and use their own currencies instead. The move is seen as part of the de-dollarization trend among nations to shift away from using the greenback in trade and investment. Russia and Iran, both facing US economic sanctions, have been […]
Energy News Beat (WO) – Ellipsis U.S. Onshore Holdings LLC has acquired additional assets located in multiple basins onshore the U.S. Ellipsis acquired non-operated oil and gas assets with current production of more than 6,000 boed (2-stream) and significant operational upside associated with approximately 550 gross remaining locations. The assets are in the Permian basin […]
Energy News Beat A coalition of state attorneys general has filed a lawsuit against the Biden administration’s emission performance measures for state Departments of Transportation and metropolitan planning organizations. On Dec. 21, attorneys general for 21 states filed a federal lawsuit against the Federal Highway Administration, FHWA Administrator Shailen Bhatt, the U.S. Department of Transportation, […]
Energy News Beat I am absolutely having a blast interviewing global energy, political, and thought leaders on my podcast. But one of my favorite friends and thought leaders is Irina Slav. Her Substack (https://irinaslav.substack.com/) is a mandatory subscription for any human person. And on her substack, she reads the article, and I can get my […]
Energy News Beat The recent Bloomberg documentary “The Shadow Fleet Fueling Russia’s War” shed light on the armada of aging tankers circumventing sanctions to keep Russian oil flowing. With Novatek’s Arctic LNG 2 achieving its first dropon the 21st of December, a recurring question lately among some of my connections has been: could Russia replicate […]
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.
