Energy News Beat India’s Petronet LNG is moving forward with its plans to install a floating storage and regasification unit (FSRU) in Gopalpur, Odisha. The LNG importer said in a statement on Wednesday it has executed binding deals with Gopalpur Ports for its first LNG terminal on India’s east coast. Petronet and Gopalpur Ports signed […]
Energy News Beat Oil Price A fifth of global oil trade this year was settled in currencies different from the U.S. dollar as countries such as Russia and China move away from the petrodollar. This is according to JP Morgan’s head of global commodities strategy, Natasha Kaneva, who spoke to the Wall Street Journal and said sanctions […]
Energy News Beat Spot charter rates for the global liquefied natural gas (LNG) carrier fleet continued their downward trend this week, while European and Asian prices also decreased compared to the previous week. Last week, both the Spark30S Atlantic and the Spark25S Pacific dropped below $100,000 per day. “LNG freight rates have fallen for the […]
Energy News Beat Oil Price U.S. crude oil production has overwhelmingly exceeded earlier forecasts and has grown at a much faster pace this year, offsetting much of the OPEC+ efforts to push up prices by coordinated supply reductions. U.S. production growth is expected to continue into the new year, thanks to further gains in efficiency […]
Energy News Beat A similar drop in mortgage rates a year ago to even lower rates didn’t turn up sales volume either – on the contrary. By Wolf Richter for WOLF STREET. The dream is, or was, that mortgage rates dropped enough in November and December to push potential home buyers out of their buyers’ strike and to […]
Energy News Beat Quantitative tightening powers along in the euro area. By Wolf Richter for WOLF STREET. Under the ECB’s QT program, kicked off in October 2022, total assets have plunged by €1.94 trillion, or by 21.9%, to €6.90 trillion, the lowest since November 2020, according to the ECB’s weekly balance sheet released today. This includes the €88-billion […]
Energy News Beat When wind turbine companies seek permission to harm sea life, reporters for The Associated Press blame The Heritage Foundation (where I work) and the Heartland Institute, instead of reporting the facts. It was a Chico Marx moment: “Who ya gonna believe, me or your own eyes? The misleading AP article—carried by WBTS-TV in Boston; The Daily Star newspaper of Oneonta, […]
Energy News Beat The 60th US presidential election, which will unfold in 2024, will be quite unlike any that has gone before as the US, and the rest of the world, braces for a contest amid fears of eroding democracy and the looming threat of authoritarianism. It will be a fight marked by numerous unwanted […]
Energy News Beat A new law in Seattle marks the latest in a wave of local efforts to electrify homes and other buildings. Under the city’s Building Emissions Performance Standard, signed into law last week, all existing commercial and multifamily residential buildings over 20,000 square feet will need to reach net-zero emissions by 2050. Meeting that target will […]
Energy News Beat Many Global South states were already struggling to deal with COVID-connected debt problems prior to the West’s anti-Russian sanctions worsening their food insecurity, so an energy price crisis on top of that could have pushed them over the edge into an uncontrollable polycrisis that would have also destabilized the West. A representative […]
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.
