Energy News Beat Many of us had a chance to view the 2006 movie “Blood Diamond” starring Leonardo DiCaprio, which portrays many of the similar atrocities now occurring in poorer developing countries in pursuit of exotic minerals and metals to support the “green” movement within wealthy countries, i.e., “Blood Minerals.” The “green” movement continues to […]
Energy News Beat (Montel) German net electricity imports are set to rise more than threefold in 2024 as the nation continues its coal exit on the heels of a nuclear phase-out, consultancy Icis said on Monday. German net electricity imports were likely to reach 38 TWh, compared to just short of 12 TWh in 2023, […]
Energy News Beat Ontario is proceeding with a massive, multibillion-dollar refurbishment of four aging nuclear reactors at its Pickering power plant east of Toronto, according to two provincial government sources. The decision will be formally unveiled by Ontario Energy Minister Todd Smith at the facility in Pickering on Tuesday, a senior government source said. This would mark […]
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 […]
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.
