Energy News Beat (Kitco News) – In 2025 primary copper supply will “start to fall off a cliff,” but the copper price isn’t high enough yet to incentivize new mine builds, says Nicole Adshead-Bell, chair of Hot Chili (TSXV:HCH). In mid-November Adshead-Bell spoke at the 2023 Precious Metals Summit Zurich event. “Six to $8 [a pound] […]
Energy News Beat The chief executive of UAE-based energy firm Crescent Petroleum said Tuesday that blaming the oil and gas industry for the climate crisis “is like blaming farmers for obesity.” The burning of coal, oil and gas is by far the largest contributor to the climate crisis, accounting for more than three-quarters of global […]
Energy News Beat DUBAI – Saudi Arabia’s energy minister has slammed the door shut to agreeing to phase down fossil fuels at the UN’s COP28 climate talks, setting the stage for difficult negotiations in Dubai. A tentative “phasedown/out” was included in a first draft of an agreement on climate action that delegates are haggling over […]
Energy News Beat The Biden administration’s climate envoy was discussing US policy on coal power plants at the Climate Change Conference in Dubai on Sunday when Kerry may have unleashed a burst of wind energy. The former secretary of state was speaking next to Becky Anderson, managing editor of CNN Abu Dhabi, and Fatih Birol, […]
Energy News Beat The U.S. and 21 other countries have said they want to triple the global generation capacity of nuclear power by mid-century. The pledge, announced Dec. 2 at the United Nations’ COP28 climate summit in Dubai in the United Arab Emirates (UAE), comes as more of the world’s governments say increased use of […]
Energy News Beat After a year of struggles for offshore wind developments amid rising costs, canceled projects, and failed auctions, governments and policymakers in Europe and the U.S. have realized they may need to pay up to ensure projects are built to help their decarbonization goals. Europe and the United States risk missing their ambitious wind power […]
Energy News Beat Part of the reason oil prices went lower rather than higher last week despite the OPEC+ announcement was the suspicion that some of the cuts will remain so only on paper. Because of algorithms-driven trading, futures market has got even more divorced from the physical market for oil than before. For OPEC+ […]
Energy News Beat Sultan Al Jaber, who is state oil CEO, had said phase-out of fossil fuels would take world ‘back into caves’ The president of Cop28 has been forced into a fierce defence of his views on climate science, after the Guardian revealed his comment that there was “no science out there, or no scenario out […]
Energy News Beat Elpedison, a power firm owned by Greece’s Hellenic Petroleum and Italy’s Edison, is inviting companies willing to secure capacities at its planned Thessaloniki FSRU project to submit their bids. The firm announced on Monday it has launched the non-binding phase of the market test for the FSRU project, where all interested parties […]
Energy News Beat Peru LNG’s liquefaction plant at Pampa Melchorita has shipped four liquefied natural gas cargoes in November, the same number of shipments as in the previous month. According to data by state-owned Perupetro, during October the LNG plant sent three shipments to the UK and one to Spain. The shipments loaded onboard the […]
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.
