Energy News Beat World Oil (WO) – National Ocean Industries Association (NOIA) President Erik Milito issued a statement on the non-binding pact signed at the conclusion of the two-week-long COP28 climate summit in Dubai: Source: World Oil “The goals set by COP28 underscore the pivotal role of the American offshore industry in achieving the objectives […]
Energy News Beat IER . Commentary Contact The Expert Key Takeaways 1 Despite the Biden Administration arguing that electric vehicles are more reliable, Consumer Reports analyzed consumer data showing EVs trail conventional vehicles significantly. 2 EV owners suffer from 79 percent more reliability issues than gasoline or diesel vehicles. 3 Plug-in hybrids are even worse, […]
Energy News Beat Daily Standup Top Stories Shell agrees to sell stake in two U.S.-based renewable energy projects December 12, 2023 Mariel Alumit Shell Wind Energy Inc. and Savion Equity, LLC, subsidiaries of Shell plc, have agreed to sell partial ownership stake in two U.S.-based renewable energy projects to InfraRed Capital Partners. Shell will sell 60% […]
Energy News Beat News|Automotive Industry Tesla is recalling more than two million cars in the United States, nearly all of its vehicles sold there, after a federal regulator said defects with the autopilot system pose a safety hazard. In a recall filing on Wednesday, the carmaker said autopilot software system controls “may not be sufficient […]
Energy News Beat Lowers GDP growth projections and PCE inflation projections for 2024. By Wolf Richter for WOLF STREET. The FOMC voted unanimously today to keep its five policy rates unchanged, with the top of its policy rates at 5.50%. It was the third meeting in a row when the Fed held its policy rates, after the rate hike […]
Energy News Beat What if some phenomenally large energy/materials breakthroughs were right here in front of us, vastly more accessible than experimental aspirations, but held back by an image problem? To help ponder that question, it is necessary to share with you one of the best (meaning funniest), most explosive miscalculations in modern science; the […]
Energy News Beat December 13, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, December 2023 In our Short-Term Energy Outlook, we forecast the lowest annual petroleum consumption in Japan in 2024 since at least 1980, in part due to its aging and declining population. Japan’s reduced consumption is already affecting its refining industry. […]
Energy News Beat In what is simultaneously receiving praise for being a historic achievement and criticism for not being ambitious enough, nearly 200 countries closed COP28 by agreeing to transition away from fossil fuels in energy systems. The agreement calls for a tripling of renewable energy capacity and expanded use of carbon capture and other low and […]
Energy News Beat (WO) – OMV Petrom has made significant progress in developing the Neptun Deep project. The company has signed an agreement with an estimated value of $350.45 million for the semi-submersible drilling rig Transocean Barents for a minimum period of one and a half years. Additionally. a contract of approximately $150.94 million was signed with […]
Energy News Beat (WO) – Neptune Energy, along with partners Wintershall Dea, Pandion Energy, Aker BP and DNO, announced a new discovery at the Kyrre prospect and confirmed the volumes for the Ofelia appraisal well, both located in the PL 929 license, close to the Gjøa field in the Norwegian sector of the North Sea. […]
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.
