Energy News Beat Green parties were on track to lose seats in the European Parliament elections, provisional results showed Monday, sparking concerns that the bloc may be on the brink of scaling back its climate policies. The left-leaning Greens/European Free Alliance were set to win 52 seats in the legislative branch of the 27-member trade bloc, according […]
Energy News Beat A Houston company will construct the largest new refinery in the last 50 years in Brownsville, Texas. Element Fuel Holdings LLC is spending between $3 and $4 billion on the project, which will produce more than 160,000 barrels per day of gasoline, diesel, and jet fuel from shale oil production, according to a report by […]
Energy News Beat Belgium’s Fluxys is offering long-term capacity for 2027-2044 at its LNG import facility in the port of Zeebrugge. In operation since 1987, the LNG terminal is located in the outer port of Zeebrugge and currently has five tanks with a capacity of 566,000 cbm. Fluxys is expanding the facility and it already increased the […]
Energy News Beat Spanish liquefied natural gas (LNG) imports and reloads decreased in May compared to the same month last year. Russia and the US were the biggest LNG suppliers to Spain in May, according to Enagas. LNG imports decreased by 30.6 percent year-on-year to about 17.1 TWh in May and accounted for 61.1 percent […]
Energy News Beat The Liberal Democrats have launched their manifesto, emphasising the urgency of addressing climate change and reducing energy bills. The party describes climate change as an existential threat, citing rising temperatures, wildfires, floods, droughts and sea levels affecting millions globally. They argue that immediate action is essential both in the UK and worldwide […]
Energy News Beat Daily Standup Top Stories Shell plans job cuts in offshore wind business as CEO refocuses on oil and gas May 29, 2024 Mariel Alumit (Bloomberg) – Shell Plc is preparing to cut staff from its offshore wind business as Chief Executive Officer Wael Sawan moves the company away from the capital-intensive renewable energy […]
Energy News Beat Oil retreated as another weak sale of Treasuries raised concerns about rising yields, stoking a risk-off mood across financial markets. West Texas Intermediate settled below $80 as equities declined. The drop pared Tuesday’s 2.7% gains, which were driven by renewed geopolitical risks, including ship attacks in the Red Sea and Israel’s advance […]
Energy News Beat The White House on Wednesday plans to announce new measures to support the development of new U.S. nuclear power plants, a large potential source of carbon-free electricity the government says is needed to combat climate change. The suite of actions, which weren’t previously reported, are aimed at helping the nuclear power industry […]
Energy News Beat Returning to the gold standard would limit the issuance of new currency. There are geopolitical reasons why the US abandoned the gold standard in 1971. Fiat currencies are backed by the interest payments made on sovereign bonds and the nation’s economic-political-social stability. We all know the problem with fiat currency: the temptation […]
Energy News Beat Germany’s government approved on Wednesday a draft law to enable faster development of hydrogen projects and infrastructure by fast-tracking permitting and environmental checks for hydrogen production, storage, and transportation, government sources told Reuters. The so-called Hydrogen Acceleration Law will give hydrogen projects priority in approvals, simplify permitting, and fast-track environmental impact assessments. Germany, […]
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.
