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 […]
Energy News Beat FIRST ON THE DAILY SIGNAL—Tennessee Attorney General Jonathan Skrmetti on Monday sued the investment company BlackRock for deceptive practices. “BlackRock has said two things that can’t both be true,” Skrmetti, a Republican, told The Daily Signal in an interview Monday. “The first is that they’re taking investors’ money and investing it purely for the purpose […]
Energy News Beat Africa’s Energy Industry has found itself under a harsh spotlight as global concern over climate change increases. Various governments and IOCs around the world are pledging and planning to reduce their emissions – with varying degrees of ambition – in response to global climate change. Approximately 140 global financial institutions have decided […]
Energy News BeatFormer Albertan Yakout Mansour moved to California two decades ago when he was recruited to run the state’s power grid under then Gov. Arnold Schwarzenegger. The way he tells it, it sounds like the government policy-makers had latched onto big changes in the electricity system, not fully understanding the consequences, and he was […]
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.
