Energy News Beat The U.S., Eurozone, and Chinese manufacturing indexes all showed contraction at year-end. Weakness in manufacturing in China, the EU and the U.S. has been weighing on demand for distillates and will likely continue to weigh on global oil demand early in 2024. For the time being, U.S. diesel and other distillate inventories […]
Energy News Beat As tensions with Venezuela continue to simmer over President Nicolas Maduro’s attempt to annex oil-rich Essequibo from Guyana, the U.S. is sending a top defense official to Guyana to discuss the situation. U.S. Deputy Assistant Secretary of Defense for the Western Hemisphere Daniel P. Erikson is visiting Guyana on Monday and Tuesday in what […]
Energy News Beat West Qurna 1, holding over 20 billion barrels of reserves, is a key asset in Iraq’s oil industry, with PetroChina now leading its development. ExxonMobil’s withdrawal from the Common Seawater Supply Project and other Iraqi energy projects opened the door for Chinese and Russian firms to fill the gap. The change in […]
Energy News Beat America is the world’s largest natural-gas producer, but New Englanders’ capacity to stay warm in winter may hinge on the fate of an expensive, 53-year-old import plant that its owner has threatened to shut down. Constellation Energy plans to retire a Massachusetts power plant at the end of May. That will eliminate […]
Energy News Beat The partners behind the Ksi Lisims floating LNG project in Canada have signed the first long-term offtake deal with a unit of LNG giant Shell. Under the 20-year SPA, Ksi Lisims will supply 2 million tonnes of LNG per year on a free-on-board basis to Shell Eastern Trading The partners behind Ksi […]
Energy News Beat Australia Pacific LNG, the operator of the 9 mtpa LNG export facility on Curtis Island near Gladstone, has signed a deal to supply additional gas to the domestic market. According to a statement by APLNG, the producer has signed a contract to extend the supply of gas to mining and infrastructure solutions provider […]
Energy News Beat Finnish state-owned energy firm Gasum will buy e-methane from Nordic Ren-Gas to supply it to its customers in the heavy-duty road transport sector and the maritime industry. Gasum and Nordic Ren-Gas have signed a long-term sales and purchase agreement whereby Gasum will buy all of the e-methane produced by Nordic Ren-Gas at […]
Energy News Beat Image: Stena RoRo Sweden’s Stena RoRo has ordered another LNG-powered ferry from China Merchants Jinling Shipyard in Weihai. The RoPax-class E-Flexer vessel will be delivered in the first quarter of 2026 to France’s Corsica Linea and will operate between Marseille and Corsica. This is Stena RoRo’s thirteenth vessel in the E-Flexer series […]
Energy News Beat Peru LNG, the operator of the 4.4 mtpa LNG plant at Pampa Melchorita, has increased its exports last year compared to the year before, and it also expects to boost the number of shipments in 2024. US-based Hunt Oil holds a 50 percent operating stake in the Pampa Melchorita LNG plant, while […]
Energy News Beat A US-China clash over the self-ruled island would cost the world some $10trn, the business news outlet estimates If the US and China were to have a military showdown over the island of Taiwan, the global GDP would plummet 10.2% in one year, or roughly $10 trillion, Bloomberg’s modeling predicts. The business […]
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.
