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, […]
Energy News Beat America produces more energy than any other country in the world, has more energy reserves than any other country, and pioneered clean, inexpensive, and virtually unlimited nuclear energy. So why does even the Washington Post admit that “America is running out of power?” The answer is simple. Take a look at your […]
Energy News Beat (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 sector. The British oil major is set to begin the layoffs within months, mainly in Europe, according to people familiar with the matter […]
Energy News Beat The US is working to build its own rare earth element supply chain to reduce dependence on China. China currently dominates the market due to decades of investment and lax environmental regulations. Researchers are exploring ways to extract rare earths from existing US coal mines as a potential shortcut. Huge upticks in […]
Energy News Beat Humanity is almost a quarter of the way through the 21st century and Virginia — home to 70% of the world’s data centers — is on the frontlines of the latest emerging technology: artificial intelligence, or AI. The prevalence of data centers and the rising role of AI don’t equate to a […]
Energy News Beat The acquisition of Marathon Oil will extend ConocoPhillips’ reach across shale fields in Texas, New Mexico and North Dakota, adding 2 billion barrels of resources to its portfolio. ConocoPhillips expects share buybacks worth $7 billion in the first year after the deal is completed and $20 billion after the first three years. […]
Energy News Beat Floating LNG player Golar LNG is working to sign definitive agreements for an up to 20-year FLNG deployment. In February, the LNG firm led by Tor Olav Trøim said in its 2023 results report that it had signed a framework agreement with a “potential customer” for a long-term opportunity that could utilize […]
Energy News Beat Energy trader Vitol has extended its existing liquefied natural gas (LNG) supply deal with Korea Middle Power (Komipo). The original SPA was signed in 2011. Deliveries started in 2015, with Vitol supplying Komipo with over 4 million tons of LNG over 10 years. Under this extension agreement, Vitol will continue to supply […]
Energy News Beat DALLAS, May 07 /BusinessWire/ — Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the first quarter of 2024. For the quarter, the Company generated a net income of $92 million, or $0.19 per diluted share. When adjusted for certain items that impact the […]
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.
