Energy News Beat Right now in the energy space, M&A activity is resurgent for several reasons. The first is the global realization that you cannot make an iPhone from a wind turbine and that the ESG investing movement into renewable energy has failed. BlackRock has announced that having oil and gas in ESG portfolios is […]
Energy News Beat The 160,000-cbm, Energos Celsius, which will serve New Fortress Energy’s FSRU-based LNG import terminal in Barcarena, has left Seatrium’s yard in Singapore and is on its way to Brazil. Seatrium announced on Friday the delivery of the converted FSRU to NFE. NFE sold this LNG carrier and ten other vessels last year to a […]
Energy News Beat From corporate giants like Google to individual families, plenty of Duke Energy customers in North Carolina want to do their part in the transition to clean energy. But if the Charlotte-based utility’s proposed green tariffs are approved as is, that good will would only help finance Duke’s compliance with the state’s […]
Energy News Beat World Oil (Bloomberg) — Hess Corp. was the high bidder in a U.S. auction for drilling rights in the Gulf of Mexico, which raised a total of $382 million from oil giants before the Biden administration imposes a two-year hiatus for future sales. Source: Reuters The sale, held by the Interior Department […]
Energy News Beat IER Key Takeaways 1: Despite enormous federal spending, subsidies, incentives, and regulations to drive internal combustion engines out of the market, electric vehicles make up just 1 percent of vehicles in operation in the United States. 2: Increasing consumer knowledge about electric vehicles, high up-front costs and high interest rates have slowed […]
Energy News Beat Russian supplier of Bitcoin mining solutions BitСluster is building a 120-megawatt (MW) data center in Ethiopia, the company has announced on its website. According to a press release issued on Thursday, the facility will be located in the capital city of Addis Ababa, on the territory of the Kilinto high-voltage substation, and […]
Energy News Beat US liquefied natural gas (LNG) exports decreased in the week ending December 20 compared to the week before, according to the Energy Information Administration. The agency said in its weekly natural gas report that 22 LNG carriers departed the US plants between December 14 and December 20, six vessels less compared to […]
Energy News Beat 3 Podcasters Walk in a Bar – Episode 41 Highlights of the Podcast: 03:16 – The conference of the past 05:30 – The president of the UK put in a very good note 08:50 – The Crude Truth for the energy transition 12:03 – The EIA put out those rules 13:48 […]
Energy News Beat Inflation is like so not defeated? Jacking up prices faster than costs are rising creates stunning profits. Strong demand sees to it that companies can do it. By Wolf Richter for WOLF STREET. Overall corporate pre-tax profits (excluding the Federal Reserve Banks), jumped by 3.4% in Q3 from Q2, and by 5.5% year-over-year, to a […]
Energy News Beat China will halt the export of a range of rare-earth technologies, potentially making it harder for the US and other western nations to bolster supplies of strategic raw materials. Beijing put technology for making rare-earth metals and rare-earth magnets on a list of items can’t be transfered overseas, according to a document from 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.
