Energy News Beat UAE’s Adnoc has signed a heads of agreement with a unit of Chinese independent gas distributor ENN to supply the latter with liquefied natural gas from its planned LNG terminal in Al Ruwais. Under the deal, ENN LNG (Singapore), a unit of ENN Natural Gas, will buy 1 million metric tons per […]
Energy News Beat China and Brazil shed large portions of their holdings, but the top financial centers loaded up. By Wolf Richter for WOLF STREET. The total amount of Treasury securities outstanding has reached $33.89 trillion and is going to hit $34 trillion shortly. Everyone of these securities must be sold to someone, and foreign holders play a […]
Energy News Beat Daily Standup Top Stories Energy Workforce: Biden’s Gulf of Mexico leasing auction “detrimental” to U.S. energy supply December 19, 2023 Mariel Alumit (WO) – Energy Workforce & Technology Council released the following statement rebuffing the newly finalized Department of Interior 2024–2029 National Outer Continental Shelf Oil and Gas Leasing Program. The program holds the […]
Energy News Beat Homebuilders and developers have adjusted to new reality of higher rates, growth back on track, for single-family since February, for multifamily since August. By Wolf Richter for WOLF STREET. Confronted with mortgage rates that make it tough to sell houses at May-2022 prices, homebuilders have adjusted, and in their quarterly reports, have spelled out how: […]
Energy News Beat Any weakness in oil demand or increase in supply — or both — could push the market into a surplus next year. Saudi Energy Minister Prince Abdulaziz bin Salman is apparently keen on Alexandre Dumas, often calling foes – Wall Street oil analysts and journalists alike – “musketeers.” I’m also a fan of the […]
Energy News Beat December 19, 2023 We are excited to announce changes to Today in Energy (TIE). Beginning on January 8, Today in Energy will encompass a broader range of analysis. Pieces previously published as This Week in Petroleum (TWIP), the Electricity Monthly Update (EMU), and the Natural Gas Weekly Update’s (NGWU) In the News […]
Energy News Beat The European Union has been working to cut down its reliance on Russian energy, especially natural gas. While it sounds simple to just find new energy suppliers, it’s actually a tough task. It involves setting up the right logistics, technology and infrastructure. Still, the EU has made good progress, which aligns with […]
Energy News Beat (WO) – Energy Workforce & Technology Council released the following statement rebuffing the newly finalized Department of Interior 2024–2029 National Outer Continental Shelf Oil and Gas Leasing Program. The program holds the fewest oil and gas leases in United States History. Only three oil and gas lease sales are scheduled for the Gulf […]
Energy News Beat Note: For quite a while now I have put my Citizens Guide to the Climate Act article as the top post on the website because it summarizes the Climate Leadership & Community Protection Act (Climate Act). This post updates my current thoughts about the Climate Act and will replaces that post at the top of the list […]
Energy News Beat A step forward, not the finish line The first train for the ALNG2 project started producing LNG today at 10:30 local time. While producing the first LNG drop is a significant achievement for any liquefaction project, it is important to note that this is not the same as loading the first cargo. […]
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.
