Energy News Beat North Sea oil and gas operators are not just facing the prospect of higher windfall taxes, they are now also finding it more difficult to get loans from UK banks. The windfall profit tax was imposed on the energy industry in 2022 amid record profits resulting from the supply uncertainty in oil […]
Energy News Beat Oil production in North Dakota fell 18,000 barrels per day (bpd) to 1.168 million bpd in July, monthly data from the state Industrial Commission showed on Monday. Wells permitted jumped to 107 in July and 100 in August, versus 78 in June. The state needs to permit roughly 100 wells in a […]
Energy News Beat Tummel Bridge Power Station in Perthshire has been officially reopened by Scotland’s First Minister, John Swinney, following a £50 million upgrade by SSE Renewables. The refurbishment involved installing new hydro-electric turbines, which will extend the station’s operation by at least 40 years and increase its generation capacity from 34 to 40 megawatts. […]
Energy News Beat Cheniere’s Corpus Christi liquefaction plant now has three operational trains, each with a capacity of about 5 mtpa. In June 2022, Cheniere made the final investment decision on the Corpus Christi Stage 3 expansion project, worth about $8 billion. Compatriot Bechtel officially started construction on the project in October of the same year. The project includes […]
Energy News Beat Under the deal, TotalEnergies will deliver 200,000 tons of LNG per year for seven years starting from 2027. Thanks to this agreement, with prices indexed both to Brent and Henry Hub, TotalEnergies strengthens its long-term position in South Korea, the world’s third-largest LNG importing country, TotalEnergies said in a statement. Gregory Joffroy, […]
Energy News Beat Membership presents an opportunity to challenge the dominance of the dollar and euro, the Burkinabe prime minister says Prime Minister of Burkina Faso Apollinaire Joachim Kyelem de Tambela has expressed an interest in joining BRICS. Membership of the group would make it possible to challenge the “domination of the dollar and […]
Energy News Beat The infrastructure bill, once hailed as a game-changer, has flopped—rural broadband and EV stations are stuck in the slow lane, leaving critics fuming. Democrats have touted the infrastructure bill Congress passed in 2021 as a signature accomplishment of the Biden-Harris administration, but some of its ambitious projects have fallen far short of […]
Energy News Beat Automakers are backpedaling on EV targets as consumer demand wanes, despite billions in Biden-Harris subsidies and a push for charging stations. Automakers have continued to backpedal on electric vehicle (EV) targets over the last year as a slackening of consumer demand has hampered growth despite the billions in subsidies lavished on the […]
Energy News Beat Across California, the companies that are trying to build charging stations for electric trucks are being told that it will take years — or even up to a decade — for them to get the electricity they need. That’s because utilities are failing to build out the grid fast enough to meet […]
Energy News Beat Daily Standup Top Stories Is driving electric now more expensive than petrol or diesel? September 23, 2024 Mariel Alumit Britain’s public charging network is facing criticism for high costs, making electric vehicle (EV) driving potentially twice as expensive as using petrol or diesel cars. The UK now has over 12,500 rapid and ultra-rapid […]
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.
