Energy News Beat Key Takeaways 1: Senator Schumer and 22 of his Democrat colleagues penned a letter to the FTC asking them to investigate the acquisitions of Pione er and Hess by Exxon Mobil and Chevron, respectively. 2: Despite the accusations in the letter, such acquisitions would strengthen U.S. energy security, increase efficiencies and environmental […]
Energy News Beat Key Takeaways 1: Parts of the U.S. and Canada comprising 180 million people are in danger of electricity shortfalls this winter due to the increasing fragility of dependable energy sources and lack of pipeline infrastructure. 2: This finding by the North American Electricity Reliability Corporation is the latest warning that the Biden […]
Energy News Beat The oil and gas industry is banking on carbon capture as its “fix” for climate change. The IEA’s new report dispels that idea and offers real solutions. The oil and gas sector currently accounts for just 1% of clean energy investment globally. A special report from the International Energy Agency (IEA) released […]
Energy News Beat News of record installations of so-called renewable energy electric generation in China may have kindled the hopes of those supporting the “green” agenda and hostile to fossil fuels. However, China is in no position to give up hydrocarbons, particularly coal. During the first half of 2023, China approved 52 gigawatts (GW) of […]
Energy News Beat Malaysia’s LNG shipper MISC, a unit of Petronas, said its LNG business logged a rise in both revenue and operating profit in the July-September period. The shipping firm said its gas assets and solution business, which includes a fleet of LNG and ethane carriers, posted third-quarter revenue of 860.6 million ringgit ($184 […]
Energy News Beat The $300,000 Flying Spur was allegedly being driven by a 56-year-old businessman from New York, the outlet has determined The individual allegedly responsible for Wednesday’s explosive car crash at the US-Canada border may have been a New York businessman, according to British tabloid the Daily Mail. The outlet claims that the unnamed man […]
Energy News Beat Authored by Thomas Brooke via Remix News, European lawmakers approved plans on Wednesday to remove the national veto for EU member states in the latest attempted power grab by Brussels to wrestle control away from national governments. A total of 291 MEPs supported the proposal put forward by the “Verhofstadt Group,” a […]
Energy News Beat Eni’s Tango FLNG is expected to arrive in Angola’s Luanda during the weekend as the Italian firm works to launch the first FLNG project in the Republic of Congo, also known as Congo-Brazzaville, according to Belgium’s Exmar. In August last year, Eni signed a deal to buy the 144 meters long Tango FLNG from […]
Energy News Beat Investing LONDON – Oil prices tanked 4% on Wednesday as OPEC+ producers unexpectedly delayed a meeting on output planned for Sunday, raising questions about the future course of crude production cuts. Source: Reuters futures was down $3.39, or 4.1%, to $79.06 a barrel by 1412 GMT. U.S. West Texas Intermediate (WTI) crude […]
Energy News Beat The bloc has drastically increased purchases from the South Asian nation, RIA Novosti reports, citing EU statistics India has become the European Union’s second-largest supplier of refined petroleum products this year, RIA Novosti reported on Thursday, citing its own calculations based on the bloc’s official statistics. According to Eurostat’s latest EU imports […]
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.
