Energy News Beat Croatia’s Krk LNG terminal has received its 80th liquefied natural gas cargo since the launch of operations in January 2021. The 2010-built 170,000-cbm, Methane Julia Louise, arrived at the 140,000-cbm FSRU on December 18, according to a short statement by state-owned LNG terminal operator LNG Croatia. Methane Julia Louise’s AIS data provided […]
Energy News Beat World Oil (Bloomberg) — Permian Basin operator Callon Petroleum Co. is considering strategic options amid takeover interest from rival oil and gas players, people familiar with the matter said, as dealmaking accelerates in the U.S. energy industry. Source: World Oil The Houston-based company has been working with an adviser to study possibilities […]
Energy News Beat Nasdaq Goldman Sachs trimmed its price expectation for Brent crude in 2024 by $10 per barrel to between $70 and $90, saying strong production from the United States would moderate any upside in oil prices. Source: Reuters “We still look for range-bound prices and only moderate price volatility in 2024. Elevated spare […]
Energy News Beat World Oil (Bloomberg) — Tokyo Gas Co. said its subsidiary Tokyo Gas America Ltd. will purchase Haynesville shale operator Rockcliff Energy II LLC for about $2.7 billion in a move to expand its U.S. shale gas operations. Source; World Oil Tokyo Gas America will acquire all the shares of Rockcliff, a portfolio […]
Energy News Beat India’s liquefied natural gas (LNG) imports rose in November compared to the same month last year, according to the preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell. The country imported about 2.34 billion cubic meters, or about 1.8 million tonnes of LNG, in November, a rise of 5.3 percent […]
Energy News Beat Daily Standup Top Stories Woke Duke Energy Jacks Up Electric Rates to Pay for ESG, Zero Carbon Mandates December 18, 2023 Mariel Alumit Duke Energy has thrown consumers under the proverbial (electric) bus to make their operations carbon neutral by 2050. As a result, electricity prices in North Carolina may increase by 19% over the […]
Energy News Beat The COP28 UN climate conference in Dubai ended last week with a flurry of self-congratulatory commentary about the “historic” nature of the final agreement in which parties, for the first time, overtly backed a process of “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner.” The […]
Energy News Beat This year has seen a flurry of oil mega-mergers worth more than $100 billion. Big deal flow and rising US production point to industry forecasts of big demand for years to come. The “inevitable” consolidation suggest oil companies are shrugging off peak demand concerns. A string of multi-billion dollar mergers and acquisitions […]
Energy News Beat Duke Energy has thrown consumers under the proverbial (electric) bus to make their operations carbon neutral by 2050. As a result, electricity prices in North Carolina may increase by 19% over the next three years. The company’s president, Lynn Good, receives more than $20 million annually in compensation financed in part by ensuring that consumers lower their […]
Energy News Beat Attacks linked to war in Gaza are threatening global trade Oil and gas prices jump as big companies avoid Red Sea Shipping in the Red Sea is grinding to a halt with oil tankers idling and container vessels rerouting around Africa as violence linked to the Israel-Hamas war threatens to undermine the global […]
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.
