Energy News Beat EuropeTankers GEFO German owner GEFO is expanding its fleet with an order for 10 stainless steel chemical tankers at the Xiangyu shipyard in Nantong, China. A three-digit million-dollar sum will see the 3,850 dwt ships delivered between 2026 and 2028. In 2022, GEFO launched a €400m ($430m) investment programme in a series […]
Energy News Beat AsiaTankers Johnnie / MarineTraffic Greece’s Capital Maritime and Trading has sold the youngest VLCC to be flagged under the Vietnamese flag. At the end of last year, Evangelos Marinakis quietly sold a 14-year-old Universal-built mammoth named Alexander the Great, now named Felix, with VesselsValue tagging Phuong Dong Petrol Transport as the buyer. Four VLCCs […]
Energy News Beat A Barbados-flagged, United Kingdom-owned general cargo ship incurred physical damage from a drone hit in between Eritrea and Yemen just after midnight. According to security consultant Ambrey, the ship incurred minor damage on its port side but was able to continue on its voyage. No injuries were reported. The United Kingdom Maritime […]
Energy News Beat Hamburg Port Authority An inland waterway ship carrying 3,500 litres of diesel and 1,400 tonnes of potassium chloride has sunk in Hamburg. At the time of the incident, the 80-meter-long ship was moored to the quay in Kalikai, one of Hamburg’s most known locations for the export of bulk goods, and it […]
Energy News Beat This month’s capacity market auction in the UK – designed to pay power producers to provide additional capacity to the grid in times of high demand – could fetch record-high clearing prices for the 2027-2028 market when backup capacity looks tight. The four-year-ahead (T-4) capacity market auction, awarding contracts to generators to […]
Energy News Beat Not long ago, pundits were telling us that gasoline-powered cars would soon vanish from the streets, replaced by sleek, space-age vessels powered by electricity. But consumer demand for electric cars never matched the hype. Fewer drivers are interested in electric vehicles today than ever before, according to a new survey. This is […]
Energy News Beat European small-scale LNG player Molgas has expanded the company’s LNG bunkering network with the completion of its first operation in France. Molgas said in an emailed statement on Monday that the group’s inaugural operation in France involved the delivery of LNG to a dry bulk ship at the port of Honfleur. Moreover, […]
Energy News Beat Peru LNG’s liquefaction plant at Pampa Melchorita has shipped five liquefied natural gas cargoes in January, one less shipment compared to the previous month. According to data by state-owned Perupetro, during January the 4.4 mtpa LNG plant sent two shipments each to Japan and China and one shipment to South Korea. The […]
Energy News Beat Gasoline production in Russia saw a year-on-year decrease of nearly 2% last month due to an accident at one of Russia’s major processing plants and to Ukrainian drone attacks targeting several other refineries, Kommersant reported on Monday. Production of all types of fuels declined by 1.8% to 3.49 million tons last month, […]
Energy News Beat Daily Standup Top Stories After scrapping nuclear reactors, Germany to spend billions on new gas power plants February 5, 2024 Mariel Alumit Berlin has agreed to spend €16 billion to build four major natural gas plants to meet electricity demand in a major overhaul of the country’s energy grid. In a statement Monday, […]
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.
