Energy News Beat Abu Dhabi’s national oil company ADNOC has taken the final investment decision to move forward with the Ruwais LNG project, which will more than double the existing LNG production capacity in the United Arab Emirates. ADNOC took on Wednesday the FID for the Ruwais LNG project, which will consist of two 4.8 million […]
Energy News Beat Since the beginning of the Israel-Hamas War, Iran has used the distraction to significantly expand their nuclear capabilities, which when breakout occurs will fundamentally alter geopolitical risks. Recent events have accelerated Iran’s pursuit of nuclear weapons, and security analysts need to take seriously that this will occur as the likelihood increases every […]
Energy News Beat Stocks of leading electric vehicle manufacturers are selling off after Turkey imposed 40% tariffs on EV imports from the Middle Kingdom. Ample government support in the form of incentives and subsidies has given Chinese EV makers an edge over other automakers. From July, the European Union is set to impose additional tariffs […]
Energy News Beat The US Department of Energy (DOE) has announced the first proposed projects selected under the Department’s Cleanup to Clean Energy initiative, an effort to repurpose parts of DOE-owned lands that were previously used in the nation’s nuclear weapons program into sites of clean-energy generation. The initiative also supports the Biden-Harris Administration’s whole-of-government […]
Energy News Beat British Gas has introduced PeakSave Green Flex events, offering customers more chances to save on energy bills and support a greener grid this summer. During these events, which occur when there is plenty of renewable energy available, customers can get half price electricity. These events will last for one to two hours […]
Energy News Beat The US and Armenia have announced that they intend to elevate their bilateral relations to the level of “strategic partnership,” with Washington helping Yerevan with trade, military matters, its judicial system and democracy. The landlocked Caucasus country has long been a member of the Collective Security Treaty Organization (CSTO), a military alliance […]
Energy News Beat Oil prices steadied as traders await Wednesday’s interest-rate decision from the Federal Reserve to gauge the economy’s strength and the trajectory of oil demand. West Texas Intermediate swung between gains and losses before ending the session near $78 a barrel. Crude had rallied almost 3% on Monday as traders decided to “buy […]
Energy News Beat MEPs don’t call the shots, so any real change in the bloc will emerge from domestic upheavals The European Parliament elections have shaken up the political space but won’t bring revolutionary changes at EU level. Despite the success of Euroskeptic forces in a number of countries, the composition of the representative body […]
Energy News Beat Representatives from more than 200 cities around the world have been invited to take part in the BRICS International Municipal Forum, scheduled for August in Moscow, authorities in the Russian capital have said. Over 5,000 participants from 126 countries and 89 Russian jurisdictions are expected to attend the event on August 27-78, with some […]
Energy News Beat German state-owned energy firm Uniper has decided on Wednesday to terminate its long-term Russian gas supply contracts, officially ending its long-term gas supply relationship with Russia’s state-owned Gazprom. According to a statement by Uniper, the decision was made possible after an arbitration tribunal on June 7 awarded the company the right to […]
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.
