Energy News Beat The Energy Information Administration reported an estimated inventory draw of 1.5 million barrels for the week to March 8. Gasoline stocks also declined while middle distillates inched up. The figures compared with a crude oil inventory build of 1.4 million barrels for the previous week, with substantial declines in both gasoline and middle distillates for that […]
Energy News Beat “California leaders know that rising prices are a huge problem. The state is now considering a plan to tie utility rates to personal income so that the rich pay more and low-income residents pay less. Costly California looms as an example of poor energy policy.” Energy prices are skyrocketing in California. The state’s electricity, […]
Energy News Beat The ongoing job cuts at Shell are extending to the team handling mergers and acquisitions for the supermajor as the oil and gas giant is looking to eliminate around 20% of several hundred positions in the M&A unit, unnamed sources familiar with the plans have told Bloomberg. Shell has been saying for months […]
Energy News Beat The eagerly anticipated African Energy Bank will launch by June 30 after selecting a host nation this month and hopes to raise an initial $5 billion from African signatories, international financiers and Middle Eastern states, its head told S&P Global Commodity Insights. Formed out of a partnership between the African Petroleum Producers […]
Energy News Beat The notice for early EPC activities was issued to a joint venture comprising Technip Energies, JGC Corporation, and National Petroleum Construction Company, ADNOC revealed in a statement on March 12. ADNOC said the early EPC award marks a significant milestone as the project advances toward the final investment decision (FID), which is […]
Energy News Beat Challenging Russia and China’s dominance in the global nuclear energy sector requires more than sanctions and wishful thinking. It’s essential to offer our energy-hungry world a genuine alternative to heavily subsidized, state-owned nuclear energy suppliers. That begins by empowering U.S. government agencies to support nuclear projects and eliminate finance bans at multilateral banks, which give unfair […]
Energy News Beat Whatever one thinks about its causes, course, and consequences, the war in Ukraine rages on. That unavoidable fact has brought many in Europe to something of an epiphany. In late February, at a summit of European leaders in Paris, French president Emmanuel Macron asserted that “[t]his is a European war,” and asked […]
Energy News Beat Fighting energy poverty is a cause many liberal organizations claim to champion, and often the solution they propose is a transition away from fossil fuels. As energy costs rise and people take a closer look at the negative effects energy transition has on the problem, that may start to change. Rising costs […]
Energy News Beat Cliched talking points aside about all countries being considered by the RIC core of BRICS as equals and third parties’ sensitivities not influencing any of their bilateral relations, the reality is altogether different in practice. Sensitive balancing acts and the “politics of affection” sometimes result in the formulation of policies that contradict […]
Energy News Beat Negotiations should be based on reality rather than some “wants,” the Russian president has said Russia is ready for peace talks to end the Ukraine conflict, but Moscow is looking for meaningful dialogue that would provide security guarantees for the country and wants to be sure that negotiations will not serve as […]
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.
