Energy News Beat It’s a cautionary tale with a European twist and implications for Alberta. Spain’s feet-first foray into renewable power has hit a snag after the country will be forced to dismantle more than 36% of its aging fleet of wind turbines within the next five years. According to the national Wind Business Association […]
Energy News Beat Kuwait Petroleum Corporation (KPC) has announced the setting of the indicative price for Kuwaiti oil at $70 per barrel for the fiscal year 2024/2025, commencing this April. This key financial indicator was reported by Al-Anba daily, which cited informed sources. It should be noted that while KPC proposes this price, the final […]
Energy News Beat UPDATE: By 7:28 a.m., wind output fell to less than 1 per cent of capacity One of the first lessons any new engineering student learns in their materials class is “cold brittle behaviour” of materials. When it gets really cold, like -30 C or colder, many materials lose much of their strength […]
Energy News Beat In the wake of a year that saw record electric vehicle adoption achieved alongside weakening consumer demand, a new report from S&P Global Mobility found a transition trend that could indicate more challenges ahead for the sector. After analyzing return-to-market vehicle registration data, S&P found households with gas-powered cars to be more likely to transition […]
Energy News Beat Sub-zero temperatures in much of the United States have frozen gas wells, leading to the drop in production to the lowest in 11 months, Reuters has reported, citing local data. The report added that demand for electricity, on the other hand, was heading for a record-high in some states, notably Texas. There, the […]
Energy News Beat Investment management giant BlackRock has struck a $12.5 billion deal for Global Infrastructure Partners (GIP) in preparation of an expected surge in worldwide infrastructure needs, driven partly by the low-carbon energy transition. “If we are going to decarbonize the world, the amount of capital and infrastructure is going to be very necessary,” […]
Energy News Beat A U.S.-owned and operated container ship on Monday was struck by an anti-ship ballistic missile from Houthi-controlled areas of Yemen, according to the U.S. Central Command. The U.S. said via social media that the attack took place at around 4 p.m. local time (8 a.m. ET) but the vessel, known as the […]
Energy News Beat As we enter 2024, Europe’s largest economy is expected to continue to deal with the fallout of its recent economic crisis. Euronews Business highlights five key challenges for the German economy in 2024. Germany is facing an uphill economic battle in 2024. Its GDP growth is expected to decline by 0.6% this […]
Energy News Beat Ryan Maue is a US weather and climate guy. From early last week he was forecasting the incoming polar vortex would bring abysmal cold to virtually all of North America. Unlike climate activists, he’s not an alarmist except when as he jokingly put it, the real ‘climate emergency’ that would unfold would be […]
Energy News Beat A Finnish MEP wants to invoke Article 7 and suspend Viktor Orban’s voting rights to ensure the bloc can continue supporting Ukraine About 120 members of the European Parliament in Strasbourg have signed a petition to strip Hungary of its voting powers in the European Union, an influential Finnish MEP announced on […]
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.
