Energy News Beat WASHINGTON, Jan 26 (Reuters) – President Joe Biden paused approvals for pending and future applications to export liquefied natural gas from new projects on Friday, a move cheered by climate activists that could delay decisions on new plants until after the Nov. 5 election. The Department of Energy (DOE) will conduct a […]
Energy News Beat Since its founding 35 years ago, the defining characteristics and mission of the Institute for Energy Research have remained constant: that free markets, the rule of law, and property rights result in freedom, opportunity, and human betterment. The belief in the power of individuals guides our work. Yes, our focus is on […]
Energy News Beat In a blow to President Biden’s EV agenda, Hertz is selling about 20,000 electric vehicles it had purchased under a 2021 plan to electrify its rental fleet. Executives at the company pointed to higher costs and difficulty associated with repair and maintenance as reasons for the sale. Hertz will reinvest a portion […]
Energy News Beat Seaside LNG’s bunkering barge, Clean Jacksonville, has completed its first delivery to Carnival’s newest LNG-powered vessel, Carnival Jubilee, as part of a deal revealed last year. In November, the US firm backed by Houston-based Arroyo Investors entered into a term bunkering agreement with cruise giant Carnival to fuel the first LNG-powered cruise ship to […]
Energy News Beat Spot charter rates for the global liquefied natural gas (LNG) carrier fleet fell for the eighth consecutive week, while European prices rose slightly compared to the last week. Last week, spot charter rates dropped below $60,000 per day in both basins. “The Spark30S Atlantic decreased by $3,750 (7 percent) to $53,250 per […]
Energy News Beat US energy services firm Baker Hughes booked record $5.6 billion of LNG equipment orders in 2023. The company said the outlook for LNG FIDs over the next few years “remains strong”. Following record LNG equipment orders of some $3.5 billion in 2022, Baker Hughes booked $1.4 billion in LNG equipment orders in the first quarter of […]
Energy News Beat A Nuclear Regulatory Commission panel will hear arguments Tuesday about whether two citizen groups can challenge Energy Harbor’s application to extend the life of Ohio’s Perry nuclear plant through 2046. The Ohio Nuclear-Free Network and Beyond Nuclear say they are worried about potential radioactive leaks into Lake Erie, as well earthquake risks […]
Energy News Beat The 1.4-gigawatt Mystic gas generation plant in Massachusetts is scheduled to close in May. Constellation Energy owns the plant and the Everett Marine Terminal LNG import facility that feeds gas to Mystic. Without Mystic, economics may not warrant keeping the LNG terminal open, which would affect as many as 2 million people […]
Energy News Beat Although the immediate effects of the Houthi attacks have not made a significant impact on the price of oil, the longer trade is disrupted and conflict is allowed to persist, the higher the chance will be that oil and energy prices increase. EIA predicts a continued steady growth in oil production with […]
Energy News Beat The Biden administration will “temporary pause” pending decisions for liquefied natural gas (LNG) export terminals. “My administration is announcing today a temporary pause on pending decisions of liquefied natural gas exports – with the exception of unanticipated and immediate national security emergencies,” the White House said in a statement. The US will […]
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.
