Energy News Beat US LNG terminal developer Tellurian released the latest construction update for its Driftwood LNG terminal in Louisiana, while it still works on securing financing for the project worth about $14.5 billion. Tellurian issued a limited notice to proceed to compatriot engineering and construction giant Bechtel in March 2022. Under the first phase, Tellurian aims […]
Energy News Beat Daily Standup Top Stories UK Climate Chiefs Admitted Net Zero Plan Based On Single Year Of Data January 22, 2024 Mariel Alumit Britain’s climate watchdog has privately admitted that a number of its key net zero recommendations may have relied on insufficient data, it has been claimed. Sir Chris Llewellyn Smith, who led a […]
Energy News Beat Egypt has a long and storied history across thousands of years. It has seen the world develop from a hunter-gatherer society to the modern globally connected world. Egypt has long relied on the presence of the Nile River to sustain the country, however in terms of energy the famous river only plays […]
Energy News Beat The bulk of reports percolating out of the WEF’s annual meeting have been scornful, revealing a proposed programme of enlightened elite global governance that is not going as planned. Geopolitics is back with a vengeance; the “energy transition” has turned out, so far, mostly to mean unilateral economic disarmament in favour of Russia […]
Energy News Beat U.S. oil production has been holding at or near record highs since October, topping the previous peak from 2020, even though the number of active domestic oil drilling rigs is down by nearly 30% from four years ago. Strength in oil prices and gains in investment and output efficiency have contributed to […]
Energy News Beat Britain’s climate watchdog has privately admitted that a number of its key net zero recommendations may have relied on insufficient data, it has been claimed. Sir Chris Llewellyn Smith, who led a recent Royal Society study on future energy supply, said that the Climate Change Committee only “looked at a single year” of data showing the […]
Energy News Beat In an oil and gas report sent to Rigzone recently, Macquarie strategists said they do not expect current Mid East tensions to reduce crude supply, “even with large changes to normal shipping routes already underway”. “According to our global intelligence and security colleagues Michael Bender and Mariya Dimova, no major actor wants […]
Energy News Beat HOUSTON, Jan 21 (Reuters) – Exxon Mobil Corp (XOM.N), opens new tab on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May. This is the first time Exxon is seeking to exclude a shareholder […]
Energy News Beat In a statement sent to Rigzone recently, Unite the union said around 100 offshore drillers employed by Odfjell Technology (UK) Ltd, working on Equinor’s Mariner platform, are set to strike over three months to secure improvements to working rotas. “Unite members voted unanimously in favor of strike action, and by 99 percent […]
Energy News Beat On October 23, 2023 ExxonMobil announced the acquisition of Pioneer Natural Resources in an all-stock transaction valued at approximately $64.5 billion. The acquisition would combine Pioneer’s more than 856,000 acres in the Midland Basin with ExxonMobil’s 570,000 net acres in the adjacent Delaware and Midland Basins resulting in an estimated 16 billion barrels of […]
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.
