Energy News Beat Various environmental, social and governance (ESG)-related funds from Abrdn, Morgan Stanley and UBS have recently been renamed to omit sustainability-related phrases. In addition, according to data from Morningstar Direct cited by the FT, launches of environmental, social and governance (ESG)-related funds have been steadily declining, with only six launched in the second half of 2023 compared […]
Energy News Beat NEW YORK, Jan 12 (Reuters) – Oil prices jumped more than 2% as some oil tankers diverted course from the Red Sea after overnight strikes by the U.S. and Britain on Houthi targets in Yemen, while U.S. Treasury yields eased on news that U.S. producer prices unexpectedly fell in December. Wall Street […]
Energy News Beat The US has resumed importing oil from Russia for the first time in more than a year, despite the ongoing sanctions imposed on Moscow over its military intervention in Ukraine, according to a Sputnik Globe report. According to the US Energy Information Administration (EIA), the US imported 36,800 barrels of Russian oil in October and 9,900 barrels […]
Energy News Beat In November 2023, the United States imported oil from Russia for the first time since April 2022, according to US statistical data. Washington purchased almost 10,000 barrels of Russian oil for $749,000. Thus, the price per barrel was about $74.9, which is above the established ceiling on Russian oil prices In November 2023, […]
Energy News Beat (Bloomberg) – Norwegian oil and gas companies will drill more exploration wells this year as the country seeks to maintain its position as a key oil and gas supplier to Europe. Between 40 and 50 wells are expected to be completed, up from 34 last year, the Norwegian Offshore Directorate said Thursday. […]
Energy News Beat The Japanese government has announced plans to spend ¥3trn ($20.86bn) on subsidies for delivered clean hydrogen (and its derivatives) over a 15-year period. The scheme — which will be open to both domestically produced and imported H2 — will cover the cost gap between low-carbon hydrogen and fossil equivalents from next year, with […]
Energy News Beat After 15 years, the Bureau of Land Management finally approved a 732-mile transmission line that will send 3,000 megawatts of power from the Sierra Madre and Chokecherry wind energy projects in Wyoming to renewable-hungry California. The $3 billion project, which will run across Colorado, Utah and Nevada, will require another five years […]
Energy News Beat India was likely the participant that passed along details of this supposedly secret event to Russia weeks before Bloomberg’s report after Lavrov touched upon it in an interview last month, which testifies to how much these two trust one another. Bloomberg reported last week that Saudi Arabia hosted another round of talks on […]
Energy News Beat (Bloomberg) – TotalEnergies SE said lifting its stake in two Namibian oil blocks is a “key step” toward developing the Venus field off the coast of the southwest African nation. Starting in 2022, TotalEnergies and Shell Plc made large finds in the waters off Namibia, raising hopes of transforming the economy of […]
Energy News Beat China Merchants Heavy Industry (Jiangsu) has started building the second of six 180,000-cbm LNG carriers for Denmark’s Celsius Tankers, a unit of Celsius Shipping. The shipbuilder said in a statement it has held a steel-cutting ceremony for the vessel (CMHI-282-02) on January 10. CMHI officially started building the first of these 298.8 […]
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.
