Energy News Beat History continues to offer lessons and strategy to Washington if only the Biden Administration had the wisdom to hear it. Eighty years ago, the allies quickly realized that both Nazi Germany and Imperial Japan fed their war machines on oil. In the Pacific, American submarines sank every enemy tanker on sight, choking […]
Energy News Beat Lightsource bp says it has sold five of its Australia solar project to the China-based Beijing Energy International Australia (BJEI Australia) for an equity value of $813 million. The portfolio, which amounts to a total of 1.04 GW (dc), includes the Wellington, West Wyalong and Woolooga projects which are already in operation, […]
Energy News Beat The Biden administration has cut the number of lease sales in the United States outer continental shelf (OCS) from the previously proposed 47 to just three in the final oil and gas leasing program for 2024–29. The Department of the Interior (DOI) said the reduction is needed to meet offshore wind area […]
Energy News Beat The United States has announced the launch of a multinational force to protect trade in the Red Sea after attacks by Yemen’s Houthi rebels forced at least a dozen shipping lines to suspend operations. US Defense Secretary Lloyd Austin said on Monday that Bahrain, Canada, France, Italy, the Seychelles and the United […]
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 […]
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.
