Energy News Beat Höegh LNG, Australian Industrial Energy (AIE), and Egyptian Natural Gas Holding (EGAS) have signed an agreement to deploy the FSRU Hoegh Galleon to Egypt. The FSRU will be deployed to support energy security in Egypt. The unit will be located in Ain Sokhna for a likely period of 19-20 months, after which […]
Energy News Beat Ford Motor Company reported a whopping $132,000 loss on each electric vehicle (EV) sold during the first three months of 2024, amassing a $1.3 billion loss. The auto manufacturer’s electric vehicle unit revealed Thursday that they experienced a 20 percent decrease in sales volume and were forced to slash prices due to […]
Energy News Beat TotalEnergies and Vanguard Renewables, a US farm-based organics-to-renewable natural gas (RNG) producer, have signed an agreement to create an equally owned joint venture to develop, build, and operate Farm-Powered RNG projects in the US. TotalEnergies and Vanguard Renewables will construct 10 RNG projects over the next 12 months, with a total annual RNG capacity […]
Energy News Beat (Bloomberg) — Data center developers in Northern Virginia are asking utility Dominion Energy Inc. for as much power as several nuclear reactors can generate, in the latest sign of how artificial intelligence is helping drive up electricity demand. Dominion regularly fields requests from developers whose planned data center campuses need as much […]
Energy News Beat People in developed nations take abundant electricity for granted. When asked where electricity comes from, most will point to their wall outlet. But many states in the U.S. are headed for a serious and prolonged shortage of electrical power not seen in decades, driven by rising demand from the artificial intelligence revolution […]
Energy News Beat ADNOC increased its oil production capacity to 4.85 million bpd ahead of the next OPEC meeting. The country’s stated aim is to reach 5 million bpd capacity by 2027. OPEC’s current production cuts are set to run through the end of June, but the group may decide to extend those cuts at […]
Energy News Beat TOKYO — Southeast Asian countries’ transition to liquefied natural gas and the expected surge in demand for the fuel is spurring Japanese companies to expand their LNG business in the region as their home market’s needs shrink. Natural gas is becoming an important resource for ASEAN’s 10 members. Vietnam and the Philippines […]
Energy News Beat The Biden FTC’s approval of the Exxon-Pioneer deal comes amidst scrutiny from lawmakers concerned about energy price increases. Exxon pledges to lower production costs and achieve net-zero emissions from Pioneer operations by 2035. Approval of the merger is seen as easing tensions between the Biden administration and the oil industry amidst rising […]
Energy News Beat I came across a news item in early April that not only caught my attention, it actually gave me hope that the various factions in the energy industry can work together to accomplish what the American Coal Council deems an essential next step in our country’s energy plan – the creation of […]
Energy News Beat Get ready for more energy shortages. The Environmental Protection Agency’s (EPA) power plant rule was finalized last week, and it is bad news for America’s energy supply. Under the new rule, all coal plants that plan to stay open beyond 2039 and any new natural gas plant would have to cut or capture […]
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.
