Energy News Beat Ukrainian drones hit a major oil refinery owned by state-controlled Rosneft PJSC in Ryazan, southeast of Moscow, just as the facility’s crude-processing had recovered from a previous strike. The overnight attack caused a fire at the plant, a person in the Ukraine military who is familiar with the matter told Bloomberg News. […]
Energy News Beat Three and a half years into the Biden Administration, and to an ordinary citizen on the ground it might seem like not that much has changed as to energy. Despite hundreds of government actions and initiative in an all-of-government regulatory onslaught to transform the energy economy, the important things have been remarkable […]
Energy News Beat Energy Secretary Jennifer Granholm battled House Republicans at a budget hearing on Wednesday, defending the Department of Energy’s efforts on grid reliability, electric vehicles and natural gas exports. It was Granholm’s third appearance before a Capitol Hill committee this year, and it might have been her toughest yet. The Energy and Commerce […]
Energy News Beat The United States on Wednesday (1 May) issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow’s circumvention of Western measures, including through China. The US Treasury Department imposed sanctions on nearly 200 targets and the State Department designated more than 80 […]
Energy News Beat Weekly data by EIA reveals crude stockpiles of 7.3 million barrels for the week to April 26, a sharp swing from a draw of 6.4 million barrels posted the previous week. Standard Chartered: the fastest rate of stock draws in the first half of 2024 should happen in May and June. We’re […]
Energy News Beat ENB Pub Note: This is a disaster waiting in the wings. The “Climate Corps” would be looking to shut down any business that is not “controled” by AI or the government. Make no mistake, this is a power grab. With the national debt racing toward a record $35 trillion, President Joe Biden […]
Energy News Beat Florida lawmakers have approved new legislation that would strike mention of “climate change” from many state laws, focusing them instead on energy security. The final version of the bill, which was awaiting Gov. Ron DeSantis’ signature as of April 30, strengthens mutual-aid guidelines for power providers, helps harden electric and gas networks against […]
Energy News Beat What Powell Said about rate hikes, no rate cuts, rate cuts, and the QT slowdown while getting rid of MBS entirely. By Wolf Richter for WOLF STREET. “Hike” and “rate hike” were mentioned 8 times by reporters and by Powell during the FOMC’s post-meeting press conference today. Those terms weren’t mentioned at all in the […]
Energy News Beat Daily Standup Top Stories TotalEnergies considers moving stock listing to New York over favorable oil and gas views in U.S. May 1, 2024 Mariel Alumit (Bloomberg) – TotalEnergies SE is increasingly making noise about moving its stock listing to New York, adding to chatter around European giants potentially being attracted by U.S. investors’ […]
Energy News Beat New language: “In recent months, there has been a lack of further progress toward the Committee’s 2 percent inflation objective.” By Wolf Richter for WOLF STREET. The FOMC statement released today after its two-day meeting acknowledged for the first time that inflation resurfaced as an issue after a series of worrisome inflation reports so far […]
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.
