Energy News Beat TotalEnergies has completed the sale of TotalEnergies EP Canada Ltd., which holds a 31.23 percent working interest in the Fort Hills oil sands mining project, to Suncor Energy Inc. Aside from the Fort Hills asset, the acquisition also includes associated midstream commitments. The consideration for the transaction is around $1.1 billion (CAD […]
Energy News Beat Unintended but not unexpected is one way of describing what’s happening to the price of steel-making coal as governments suppress supply in the face of steady demand growth, a perfect recipe for a higher price. On cue, high-quality hard coking (or metallurgical) coal has risen by 9% over the past three months […]
Energy News Beat Imagine a household that consumes 1,000 kilowatt hours of energy per month. Then they install solar panels on their roof that generate 500 kilowatt hours of electricity per month on average. How much should their consumption of electricity drawn from the power grid decline after they install solar? Five hundred kilowatt hours […]
Energy News Beat Investors withdrew $14.2 billion from U.S. sustainable funds over the past year. Global renewable energy funds experienced record outflows in Q3 2023, with stocks plummeting amid rising costs and market challenges. Political and regulatory changes, including challenges to the Biden Administration’s ESG rule and SEC’s anti-greenwashing efforts, contribute to the decline in […]
Energy News Beat The United States is preparing to announce a pledge to triple the world’s production of nuclear energy by 2050, with more than 10 countries on four continents already signed on to the first major international agreement in modern history to ramp up the use of atomic power. Signatories to the pledge, set […]
Energy News Beat Golar LNG said it continues to progress the company’s FLNG growth pipeline, while it is now in detailed commercial discussions to recharter its Hilli FLNG. The LNG firm led by Tor Olav Trøim said in its third-quarter report that it continues to hold talks on recontracting Hilli upon the end of its […]
Energy News Beat The third liquefaction train at Chevron’s giant Gorgon LNG plant in Western Australia has returned to full production, Chevron told LNG Prime on Wednesday. A Chevron spokesperson said that Gorgon Train 3 had returned to full production “over the past few days.” The spokesperson did not provide any additional information. Earlier this […]
Energy News Beat 22 Nov, 2023 06:47 HomeIndia The joint exercise in the Bay of Bengal is aimed at countering global threats and ensuring safe shipping in the Asia-Pacific region, Moscow said The Russian and Indian navies are holding joint drills in the Bay of Bengal, the Russian Ministry of Defense announced on Tuesday. The […]
Energy News Beat Oil Price Some American clean energy and technology startups are struggling to keep afloat while waiting for the U.S. Administration to disburse the pledged loans and funds under the landmark Inflation Reduction Act (IRA). Source: Oil Price Several startups have already filed for bankruptcy, others have flagged the ability to continue as […]
Energy News Beat The forest biomass energy industry took a major hit this month, as Enviva, the world’s largest producer of wood pellets — burned in former coal power plants to make energy on an industrial scale — saw catastrophic third quarter losses. Enviva’s stock tanked, its CEO was replaced and the company seems near […]
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.
