Energy News Beat Reduced supply from major copper producers Panama and Peru may flip the global copper market into a deficit from surplus in 2024 or at least tighten oversupply if the disruptions are not resolved in coming months, analysts said on Tuesday. Panama’s top court on Tuesday ruled that Canadian miner First Quantum’s contract to operate […]
Energy News Beat The National Grid is to pay some households to cut their energy use after activating its blackout prevention scheme during the current cold snap. Eligible properties with smart meters will be offered cash and other rewards in return for reducing their usage between 5pm and 6.30pm on Wednesday, it has been announced. […]
Energy News Beat A coalition of nearly 4,000 auto dealers on Tuesday sent a letter to President Joe Biden explaining why his plans to force Americans into electric vehicles are unworkable. The bottom line: Despite subsidies to car manufacturers to make the EVs, and tax credits for drivers to buy the cars, only 7% of new vehicle […]
Energy News Beat Royal Caribbean International, a unit of Royal Caribbean, has taken delivery of its LNG-powered Icon of the Seas from Finland’s Meyer Turku. After 900 days of design and construction by thousands of experts, Royal Caribbean International welcomed the highly anticipated Icon of the Seas to the family on November 27, it said […]
Energy News Beat The global financial landscape is witnessing a seismic shift as the United Arab Emirates (UAE) boldly moves away from the US dollar in its oil trade dealings. This strategic pivot aligns with the broader ambitions of the BRICS economic alliance, of which the UAE is a recent addition. The changeover, involving the transition to […]
Energy News Beat Delfin Midstream, the US developer of a floating LNG export project in the Gulf of Mexico, has signed a long-term liquefied natural gas supply deal with a unit of Geneva-based energy and LNG trader, Gunvor. Delfin LNG, a unit of Delfin Midstream, and Gunvor Singapore entered into the LNG sale and purchase […]
Energy News Beat LNG carrier operator CoolCo is still in talks with charterers to find work for two newbuild LNG vessels it purchased from its largest shareholder Eastern Pacific Shipping. “CoolCo continues to be in discussions with multiple potential charterers seeking employment for the newbuilds,” the firm said in its third-quarter report on Tuesday. CoolCo exercised […]
Energy News Beat Deliveries from the ConocoPhillips-operated Australia Pacific LNG plant on Curtis Island have been delayed as a loaded LNG tanker docked at the terminal’s jetty had lost power and was unable to leave, according to shareholder Origin. Origin, which is subject to a takeover offer from a consortium consisting of Canada’s Brookfield Asset Management […]
Energy News Beat Authored by John Cody via Remix News, Germany’s welfare system is being dragged down by the country’s growing immigrant population, with data from the country’s Federal Employment Agency showing that over six out of 10 welfare recipients deemed able to work are migrants. The country’s welfare system, once referred to as Hartz […]
Energy News Beat Yesterday, Deutsche Bank’s Jim Reid published his 2024 World Outlook titled “The race against time” (which we will discuss shortly), and which refers to the fact that funding has dried up or tightened considerably over the last couple of years for various parts of the economy as rates have risen. So can […]
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.
