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 […]
Energy News Beat Officials today launched an investigation after one of Sadiq Khan‘s electric buses exploded during today’s rush hour. Terrified residents in Wimbledon described a massive ‘bang’ after a double decker burst into flames during this morning’s commute, sparking chaos on the roads as black smoke filled the streets. Astonishing video obtained by MailOnline shows […]
Energy News Beat For illustration only (Image: CNOOC Gas & Power) China’s natural gas imports, including pipeline gas and LNG, increased 9.9 percent in 2023, according to customs data. Natural gas imports during the January-December period reached about 119.97 million tonnes, the data from the General Administration of Customs shows. China paid about $64.3 billion […]
Energy News Beat US natural gas producer EQT has entered into a heads of agreement for liquefaction services from Texas LNG’s planned facility in Brownsville to produce 0.5 mtpa of LNG under a 15-year tolling agreement. The deal anticipates the finalization of a definitive 15-year tolling agreement from the first train of Glenfarne Group’s Texas […]
Energy News Beat The West owes oppressed nations apologies, but those seem to be part of the same old colonial system These days in Africa, we often hear calls for reparations for the three Western heinous crimes: slavery, slave trade, and colonialism. Reparations for these atrocities are long overdue, but they are not just about […]
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.
