Energy News Beat In our January Short-Term Energy Outlook (STEO), we expect average U.S. retail gasoline prices to decrease in 2024 because of increased inventories related to increased refinery capacity. In 2025, we expect slightly reduced gasoline consumption to further decrease prices. We expect similar supply-side factors to lower retail diesel prices in 2024 and 2025, although […]
Energy News Beat A unit of French energy giant TotalEnergies has recently completed the 100th LNG bunkering operation with its chartered vessel, Gas Vitality, in Marseille. The 135 meters long 18,600-cbm LNG bunkering vessel, owned by Japan’s MOL, completed the milestone operation on January 1, 2024 in the Port of Marseille-Fos, according to V.Group, which […]
Energy News Beat The number of UK businesses on the brink of bankruptcy skyrocketed by more than a quarter at the end of last year amid a “debt storm” triggered by a series of interest rate hikes, a report from a group of insolvency specialists revealed on Monday. The latest ‘Red Flag Alert’ released […]
Energy News Beat Japan’s liquefied natural gas imports dropped 8.1 percent in 2023, and the country lost its position as the world’s top LNG importer to China. According to the provisional data released by the country’s Ministry of Finance, Japan imported 66.15 million tonnes of LNG last year. This compares to 71.99 million tonnes in […]
Energy News Beat A joint venture consisting of China Gas, Wah Kwong Maritime Transport, and CSSC Shipping is expected to order two more liquefied natural gas (LNG) carriers from Dalian Shipbuilding Industry (DSIC) this year, according to shipbuilding sources. China Gas has a 30 percent stake in Sea Jade Investment, Wah Kwong owns 45 percent, […]
Energy News Beat The plunge in mortgage rates in Nov and Dec blew up the hedge for the rate buydowns: surprise cost on top of the regular costs of buydowns. By Wolf Richter for WOLF STREET. Homebuilder stocks tanked on Tuesday after D.R. Horton’s earnings call, with D.R. Horton’s stock [DHI] down 9.2%. The sell-off came after the […]
Energy News Beat Daily Standup Top Stories $2 Billion in Subsidies, Only 2 EV Stations Opened, the Holdup is Social Justice January 23, 2024 Mariel Alumit In yet another example of Biden incompetence, the administration is setting up rules making it harder to deliver EV charging stations. Politicizing EV Charging Stations The Wall Street Journal comments […]
Energy News Beat The datacenter industry today looks very different than it did a decade ago. A number of factors have emerged over the past few years: most recently, the proliferation of large-scale AI, but also the slowing of Moore’s law, and the nagging issue of sustainability. Uptime Institute expects a confluence of these challenges […]
Energy News Beat Terra-Gen and Mortenson have announced the activation of the Edwards & Sanborn Solar + Energy Storage project, the largest solar and storage project in the United States. Mortenson served as engineering, procurement, and construction contractor for the project. The project is a true renewable energy behemoth, spanning 4,600 acres, comprised of 1.9 million […]
Energy News Beat In yet another example of Biden incompetence, the administration is setting up rules making it harder to deliver EV charging stations. Politicizing EV Charging Stations The Wall Street Journal comments on The Politicized EV Charger ‘Revolution’ The government rollout of EV chargers has been a slow-motion affair, and as you’d expect the reason […]
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.
