Energy News Beat Russian billionaire Roman Abramovich has lost a legal challenge aimed at overturning European Union sanctions imposed on him in the wake of Russia’s invasion of Ukraine. Abramovich had filed a lawsuit at the EU’s general court against the European Union Council, which imposed punitive sanctions on the 57-year-old in 2022 as part of measures […]
Energy News Beat News|Hezbollah The United States has charged an alleged Hezbollah member, Samuel Salman El Reda, with giving material support to a “terrorist group”, accusing him of providing assistance for a 1994 bombing in Argentina. Federal prosecutors announced charges against the 58-year-old on Wednesday, linking El Reda to the truck bombing of the AMIA […]
Energy News Beat News|Nicolas Maduro The United States has reached a deal to secure the release of 10 citizens from Venezuela, including six people who it said had been wrongfully detained, according to the White House. As part of the agreement, US President Joe Biden agreed to grant clemency to Alex Saab, a Colombian businessman […]
Energy News Beat Russia has increased significantly its crude oil exports to China and India this year, with volumes to China hitting 100 million tons annually, or around 2 million barrels per day, Nikolay Tokarev, the head of Russian oil pipeline monopoly Transneft, told Russian media on Wednesday. “Export volumes to China and India have increased significantly; […]
Energy News Beat Increased distillate production and slowing economic activities have led to rising diesel stocks and falling prices. Weak manufacturing activity in the U.S. and Europe contributes to reduced diesel demand, easing the market. Geopolitical tensions near the Red Sea present potential disruptions, threatening to impact diesel supply chains and market stability. Diesel and […]
Energy News Beat OPEC+ faces record-breaking U.S. oil production and rising supply from other non-OPEC+ producers, including Brazil, Guyana, Canada, and Norway. Barring a major geopolitical escalation resulting in a large supply outage, oil prices are unlikely to reach $100 a barrel in 2024. Paul Sankey: Record-high U.S. oil production is a “huge problem” for […]
Energy News Beat Australian LNG player Woodside has signed a non-binding memorandum of understanding with four Japanese companies to enable studies of a potential carbon capture and storage (CCS) value chain between Japan and Australia. Under the MoU, Woodside with Sumitomo Corporation, JFE Steel Corporation, Sumitomo Osaka Cement, and K Line will study the capture, […]
Energy News Beat Japan’s liquefied natural gas (LNG) imports dropped in November compared to the same month last year, according to the provisional data released by the country’s Ministry of Finance. The country’s LNG imports decreased by 3.9 percent year-on-year in November to 5.33 million tonnes, the data shows. LNG imports dropped compared to 5.41 million […]
Energy News Beat More than 2,200 workers are entering the third day of their sit-in 500 meters below the surface More than 2,000 miners are continuing their protest after taking over a facility in South Africa, demanding bonuses and pension payments. The site is owned by one of the world’s largest platinum miners, Impala Platinum […]
Energy News Beat Brussels will allow Slovakia to export fuel produced from sanctioned crude to the Czech Republic for another year The European Union has granted Slovakia a year-long exemption allowing it to export fuel processed from Russian crude by the country’s oil refinery Slovnaft to the Czech Republic, Reuters reported on Wednesday. Last December, […]
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.
