Energy News Beat News|Technology Hundreds of staff at leading artificial intelligence company OpenAI have threatened to quit and join Microsoft after the sudden firing of the company’s co-founder Sam Altman. The OpenAI staff said they would follow Altman, who said he would be starting an artificial intelligence (AI) subsidiary at Microsoft after his surprise removal […]
Energy News Beat A unit of LNG giant Shell has completed its previously announced deal with BP to sell a 27 percent stake in the Woodside-led Browse project in Australia. “Shell Australia has completed the sale of our interest in the Browse project to BP as was announced on April 29, 2023,” the company said […]
Energy News Beat World Oil (WO) — As a result of the order issued by the United States Court of Appeals for the Fifth Circuit on Nov. 14, 2023, the Bureau of Ocean Energy Management (BOEM) has scheduled Lease Sale 261 for Dec. 20, 2023. Source: World Oil The Gulf of Mexico oil and gas […]
Energy News Beat Oil Price OPEC’s third-largest producer, the United Arab Emirates (UAE), could raise its oil output next year as it has won a higher quota under the OPEC+ agreement. Source: Oil Price The UAE, OPEC’s third-biggest producer after Saudi Arabia and Iraq, said in the summer that it would not join the Saudis in making […]
Energy News Beat A pair of community microgrid projects in Massachusetts are already helping to inspire similar projects in the state before construction has even begun. The city of Chelsea and Boston’s Chinatown neighborhood are each developing projects that supporters hope can become powerful case studies for the potential of microgrids to increase resilience […]
Energy News Beat ENB Pub Note: The US administration clearly has its head in the sand. China and Saudi Arabia have just exchanged billions in currency to trade oil outside the “Petro Dollar.” After the Biden administration weaponized the dollar through sanctions, they escalated the total devaluation of the dollar and subsequently crippled the US’s […]
Energy News Beat Investing Brent and U.S. crude futures climbed more than 2.5%, gaining $2 a barrel on Monday, as further supply cuts in OPEC+ production are expected in the coming weeks. Source: Reuters Brent crude futures were up $2.19 to $82.80 a barrel by 10:32 a.m. CT (1632 GMT). U.S. West Texas Intermediate crude was up $1.98, […]
Energy News Beat World Oil (Bloomberg) — Kimmeridge Energy Management Co., which is among the most active and outspoken U.S. oil and gas investors, said a merger of Chesapeake Energy Corp. and Southwestern Energy Co. would create one of the industry’s most sought-after stocks. Source: Reuters “There are only a few must-own stocks in the […]
Energy News Beat Image: Oman LNG State-owned producer Oman LNG has signed a deal to supply liquefied natural gas to UK-based energy giant BP. Oman LNG announced the signing of the sales and purchase agreement on Tuesday. Under the SPA, Oman LNG will supply 1 million metric tonnes per annum of LNG to BP for […]
Energy News Beat BEIJING, Nov 20 (Reuters) – The People’s Bank of China and the Saudi Central Bank recently signed a local currency swap agreement worth 50 billion yuan ($6.93 billion) or 26 billion Saudi riyals, both banks said on Monday, as bilateral relations continued to gather momentum. Saudi Arabia, the world’s top oil exporter, […]
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.
