Energy News Beat Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), January 2024, and U.S. Census Bureau data As domestic consumption of U.S. coal declines in the near term, we expect exports to account for a larger share of total U.S. coal consumption, according to our recently released Short-Term Energy Outlook (STEO). We expect U.S. coal consumption will […]
Energy News Beat Four Japanese players have joined forces to design and build a low-carbon emission very large crude carrier (VLCC). Idemitsu Tanker, the shipping affiliate of Japan’s second-biggest oil refiner, Idemitsu Kosan, has formed a consortium with fellow shipping lines Iino and NYK and builder Nippon Shipyard with the goal of slashing greenhouse gas […]
Energy News Beat AfricaOperations Indian Navy Two fishing vessels – one from Iran and the other from Sri Lanka – have been freed following hijackings by Somali pirates. Seychelles forces rescued a Sri Lankan fishing boat on Monday, while the Indian Navy said it had freed an Iranian-flagged fishing vessel. Somali pirates are back hunting […]
Energy News Beat EuropeOffshore Saipem Woodside has been forced to stop installation of an offshore gas pipeline on its $12bn Scarborough gas project after an incident on Saipem’s Castorone pipelayer punched a hole in the pipeline. According to Australian media outlets, the Castorone pipeline installation vessel lost control of the pipeline during installation on Monday […]
Energy News Beat Tesla +24.6%, Toyota +2%. Model Y +52%, #1 bestseller by far; Model 3 is #2 bestseller. Toyota loses it, Camry sales -16%, RAV4 +1%. By Wolf Richter for WOLF STREET. Tesla’s share of all light vehicles sold in California in 2023 surged to 13.0%, behind only Toyota, whose share fell to 15.7% (from 17.3% in […]
Energy News Beat Daily Standup Top Stories You’ll Have to Pay to Use the Highway. Blame EVs. January 29, 2024 Stu Turley When Europe last year agreed that by 2035 all cars sold in the region would be zero-emissions (read: electric), the most obvious question in my mind was: Who would pay for that? Because gasoline […]
Energy News Beat The actual actual increase in marketable Treasury securities is far higher than the “actual” increase announced in the “Marketable Borrowing Estimates.” By Wolf Richter for WOLF STREET. The Treasury Department’s Quarterly Refunding announcements, normally cause of a global yawn, have turned into a market-moving circus: Longer-term Treasury yields surged from August through October 2023 after […]
Energy News Beat The Rooiwal and Pretoria West Power Stations, constructed almost 70 years ago when my grandfather moved to Pretoria, are now in need of attention. They were standing idle for almost 10 years and, finally, it appears that the mayor of Pretoria has recognized the urgency and is taking steps to revive these […]
Energy News Beat When Europe last year agreed that by 2035 all cars sold in the region would be zero-emissions (read: electric), the most obvious question in my mind was: Who would pay for that? Because gasoline and diesel vehicles are a great business — not just for the obvious companies, say Volkswagen AG and […]
Energy News Beat After years of misguided energy policies, Europe’s electricity has become so expensive that trade unions have started warning of the threat of deindustrialization. The warning will hopefully prove a salutary one for the U.S., which is now headed down the same road to energy serfdom. Despite Germany shuttering its nuclear plants and […]
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.
