Energy News Beat Germany’s state-controlled firm Securing Energy for Europe (Sefe) and Equinor signed on Tuesday one of the biggest-ever natural supply deals for Norway’s energy giant worth an estimated $55 billion (50 billion euros). Equinor will supply Germany’s Sefe with around 10 billion cubic meters (bcm) of natural gas per year from January 1, 2024 until […]
Energy News Beat ESG funds are experiencing a decrease in new inflows and increased closures due to underperformance and investor withdrawal. Regulatory tightening, greenwashing exposure, and a return to oil and gas investments contribute to the declining appeal of ESG funds. Despite previous overperformance, ESG funds are now struggling as investor sentiment shifts back towards […]
Energy News Beat US President Joe Biden has been warned that “no one takes him seriously” as a military operation in the US collapses due to the withdrawal of European countries from its command structure. France, Spain, and Italy all announced their withdrawal from the US Command Structure for Operation Prosperity Guardian, adding that they will […]
Energy News Beat India will increase the size of its thermal power fleet, the country’s power minister said, to meet an increased demand for power. India said it would add another 88GW of new power capacity by early 2032-63% more than India’s plan that it published just seven months ago. And most of that will […]
Energy News Beat International climate talks at COP28 can feel a little like Albert Einstein’s definition of insanity. Countries come to the table each year with similar requests and demands. Pledges are made to cut emissions, transition away from fossil fuels, and transfer money from developed countries to developing ones. Turning words into action can […]
Energy News Beat The British security firm Ambrey has described the Chem Pluto as Israeli-affiliated The Pentagon has accused Iran of orchestrating a drone attack on an oil tanker in the Indian Ocean on Saturday, amid heightened tensions in the region fueled by the conflict between Hamas and Israel. The strike on the ship resulted […]
Energy News Beat Officials have reportedly said that the damage caused by the scandal outweighed the security threat Officials from the administration of US President Joe Biden initially hoped to conceal the Chinese balloon incident earlier this year from the public and even Congress, a new report by NBC News has revealed. There were reportedly […]
Energy News Beat The plan to replace coal-fired plants by 2030 is “unrealistic,” lobby chief Siegfried Russwurm has warned Berlin’s plan to phase out coal-fired power plants ahead of schedule is likely to fail, the head of the German industry lobby BDI, Siegfried Russwurm, told reporters on Saturday. He said the federal government lacks a […]
Energy News Beat Shipments of crude to China and India have surged as Moscow redirects supplies from the EU Russia has sharply increased oil shipments to China and India this year, Nikolay Tokarev, the CEO of the Russian state-owned pipeline transport company Transneft, told the Rossiya24 broadcaster this week. Russia remained China’s top crude supplier […]
Energy News Beat State-owned producer Oman LNG has signed a long-term deal with compatriot Asyad Shipping to charter two liquefied natural gas carriers. Asyad Shipping’s parent Asyad Group revealed this charter deal in a social media post on Thursday. The firm said that it will charter two modern 5th generation LNG carriers with a capacity […]
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.
