Energy News Beat The Critical Minerals to China, EU, and U.S. Security Governments formulate lists of critical minerals according to their industrial requirements and strategic evaluations of supply risks. Over the last decade, minerals like nickel, copper, and lithium have been on these lists and deemed essential for clean technologies like EV batteries and solar […]
Energy News Beat America’s national debt is currently closing in on a staggering $33.74 trillion. And according to Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, that number may continue to rise — quite rapidly. “We are at a point in which we are borrowing money to pay debt service,” he said in […]
Energy News Beat Compromise within the bloc is reportedly being hampered by the rise of far-right parties in Europe and the financial crisis in Germany Disputes over the EU’s joint budget could leave Ukraine without €50 billion ($54.3 bln) promised by the bloc, the Financial Times reported on Sunday. Agreement is being hampered by the […]
Energy News Beat A bid to take over Australian energy firm and APLNG shareholder, Origin, by a consortium consisting of Canada’s Brookfield Asset Management and a unit of US-based energy investor EIG has been rejected after failing to secure the 75 percent majority required. Origin said in a statement on Monday that 68.92 percent of […]
Energy News Beat Classification society DNV has added four LNG-powered ships and four methanol-fueled vessels to its Alternative Fuels Insight platform in November. DNV said on Monday that all eight orders were withing the RoRo and car carrier segment. The firm reported six LNG-powered ships and 14 methanol-fueled orders in October. So far this year, […]
Energy News Beat A year after the war in Ukraine drove record-high fossil fuel prices for winter heating in oil-dependent Maine, demand for efficient electric heat pumps remains steady despite new challenges. Spikes in fuel prices don’t tend to immediately translate to increased heat pump demand, officials said, but rather may spark new interest […]
Energy News Beat Bullion has been on the rise amid geopolitical tensions, recession risks and possible interest rate cuts The price of gold touched an all-time peak on Monday, soaring past $2,100 per ounce as the global safe-haven rush continues. Spot gold prices rose to record high of $2,110 per ounce before giving up some […]
Energy News Beat India’s largest gas utility GAIL has launched an arbitration process in the hope of securing up to $1.81 billion in compensation from SEFE Marketing & Trading Singapore, previously known as Gazprom Marketing and Trading Singapore, over undelivered LNG volumes. GAIL said in a stock exchange filling that it filed the claim in […]
Energy News Beat For illustration only (Image: Dynagas) Greek LNG shipping firm Dynagas has taken delivery of the 200,000-cbm LNG carrier, Clean Destiny, in South Korea. The firm led by George Procopiou revealed this in a short social media post on Friday. According to its AIS data provided by VesselsValue, the ME-GA LNG carrier has […]
Energy News Beat Romania’s energy firm OMV Petrom is teaming up with a unit of Italy’s Vulcangas to build liquefied and compressed natural gas filling stations in Romania. According to a statement by OMV Petrom, the firm and Vulcangas Romania entered into a partnership and plan to launch the first station in 2025 at a […]
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.
