Energy News Beat Liabilities held by the public could exceed the country’s annual output as early as next year, according to the Congressional Budget Office US debt held by the public is expected to hit an all-time high within the next ten years, the Congressional Budget Office (CBO) warned in its latest Budget and Economic […]
Energy News Beat Norwegian shipping firm Flex LNG, the owner of 13 liquefied natural gas carriers, reported higher revenue and lower net income in 2023. The shipping firm controlled by billionaire John Fredriksen said on Wednesday that vessel operating revenues were $371 million for the January-December period, a rise of $23.1 million compared to $347.9 […]
Energy News Beat Call it a $1 billion mistake. BP said Tuesday it wrote down the value of its U.S. offshore wind business by $1.1 billion last year, cementing a strategic shift for the British petroleum giant as it increases oil and gas production while recalibrating its efforts to generate clean electricity from ocean turbines. […]
Energy News Beat The Biden administration finalized regulations severely tightening restrictions on fine particulate matter that the manufacturing and energy sectors are legally allowed to emit, an action that industry said would have devastating economic consequences. The Environmental Protection Agency (EPA) unveiled the regulations Wednesday morning in a joint announcement with environmental activists, saying limiting particulate matter known as […]
Energy News Beat Rowan Atkinson has been blamed for “damaging” the reputation of electric vehicles (EVs) and contributing to slow sales. The Mr Bean actor was name-checked in the House of Lords on Tuesday during its environment and climate change committee meeting. Thinktank Green Alliance gave its views on the main obstacles the government faces in […]
Energy News Beat Security researchers have warned that millions of hacked toothbrushes could be used in a massive cyber attack. Internet-connected toothbrushes could be linked together in something known as a botnet, which would allow them to perform a distributed denial of service (DDoS) attack that overloads websites and servers with huge amounts of web traffic. Major […]
Energy News Beat In addition to the consistent expansion of renewable energies and electricity networks, the decarbonization and security of supply of our electricity system requires modern, highly flexible and climate-friendly power plants. Therefore, Federal Chancellor Olaf Scholz, Economics Minister Robert Habeck and Finance Minister Christian Lindner have agreed on the essential elements of a power plant […]
Energy News Beat The dream of fusion power inched closer to reality in December 2022, when researchers at Lawrence Livermore National Laboratory (LLNL) revealed that a fusion reaction had produced more energy than what was required to kick-start it. According to new research, the momentary fusion feat required exquisite choreography and extensive preparations, whose high degree of difficulty reveals a […]
Energy News Beat The Council of EU member states and the European Parliament agreed on Tuesday (6 February) to label nuclear power as a strategic technology for the EU’s decarbonisation, following months of intense negotiations in Brussels over the Net-Zero Industry Act (NZIA). Presented by the European Commission in March 2023, the NZIA aims to […]
Energy News Beat An NDP bill is seeking to criminalize the “promotion” of fossil fuels, and prescribe jail time even for Canadians who say scientifically true things such as how burning natural gas is cleaner than burning coal. C-372, also known as the Fossil Fuel Advertising Act, was tabled Monday as a private member’s bill […]
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.
