Energy News Beat France’s TotalEnergies said on Wednesday that the company’s integrated LNG business logged a decline in its adjusted net operating income in the fourth quarter of 2023 due to lower prices. The company’s integrated LNG adjusted net income reached about $1.46 billion in the fourth quarter, a drop of 40 percent compared to […]
Energy News Beat The US has announced the expiration of Venezuela’s oil sanctions exemption in April. Last October, Washington issued a six-month general licence for transactions involving Venezuela’s oil and gas sector following an electoral roadmap agreement signed by Venezuelan president Nicolas Maduro and opposition politicians in Barbados. Since then, Maduro has not stuck to […]
Energy News Beat The European Commission published on Tuesday its proposal for a 2040 climate target laying out the pathway to make the European Union climate neutral by 2050 with shipping shown its green pathway, and a noticeable rapprochement with the industry’s global regulator, the International Maritime Organization (IMO). European shipowners welcomed the commitment of […]
Energy News Beat Suez Canal Authority With more missiles yesterday the Houthis took their merchant ship strikes to the 50 mark, underlining the severity of the security situation in Middle Eastern waters where US-led counterstrikes have failed to deter the Yemenis. In total six missiles were fired yesterday, three at the Star Nasia kamsarmax belonging […]
Energy News Beat With the numbers of the so-called shadow tanker fleet peaking 10 months ago, there’s now evidence that many of the oldest vessels are being primed for scrap, though getting a good demo price for these sanctions-busting ships is proving hard. The 25-year-old Bradley aframax is now headed on its final voyage to […]
Energy News Beat Ørsted Danish offshore wind giant Ørsted is cutting jobs and exiting several markets after a “substantially challenging” 12 months and massive impairments and additional costs related to its US offshore projects. Ørsted said Wednesday it would withdraw from markets in Norway, Spain, and Portugal and cut as many as 800 jobs to […]
Energy News Beat Daily Standup Top Stories Biden Makes Coal Great Again As Exports Soar To India February 6, 2024 Stu Turley US thermal coal exporters recorded more than $5 billion in overseas sales in 2023, shipping upwards of 32.5 million metric tons of the high-polluting power fuel, according to Reuters, citing data from ship-tracking firm Kpler. […]
Energy News Beat (WO) – Tellurian Inc. has asked its financial advisor, Lazard, to explore opportunities for the sale of Tellurian’s Haynesville upstream business. Tellurian natural gas assets 2024 (Graphic: Business Wire) Tellurian produced 19.5 Bcf of natural gas for the quarter ended September 30, 2023. Tellurian’s natural gas assets include 31,149 net acres, interests […]
Energy News Beat Dive Brief: There have been significant reliability improvements made to the Texas electricity grid since Winter Storm Uri in 2021 but the state should still consider new approaches to system recovery including the use of battery storage as a “blackstart” resource, representatives of Texas RE told regulators on Thursday. About 82% of […]
Energy News Beat In a nutshell Worldwide coal capacity and consumption continue to climb Asian demand growth is outpacing cuts in Western economies China’s appetite for transitioning from coal will set the global pace Despite the climate pledges struck at the COP28 summit last December, global coal has not yet seen peak demand. While coal […]
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.
