Energy News Beat The exchange welcomed Venture Global to the NYSE community in a social media post on Friday. Shares of Venture Global closed on the first day of trading below their initial public offering (IPO) price of $25 per share. Venture Global’s shares closed at $24, 4 percent below the IPO price. The company […]
Energy News Beat EDT Offshore Cyprus-based EDT Offshore and Singapore’s shipmanagement giant Synergy Marine Group have joined forces in the offshore sector. The joint venture called EDT Synergy Shipmanagement will aim to deliver innovative and sustainable offshore shipmanagement solutions, addressing industry challenges in decarbonisation and digitalisation, the companies said in a joint release. “This joint […]
Energy News Beat Vanrafelghem Danny / Marine Traffic India’s Shreeji Shipping has filed papers with market regulator SEBI seeking approval to raise funds for fleet expansion through an initial public offering (IPO). The flagship company of Jamnagar-based Shreeji Group, led by Ashokumar Haridas Lal and Jitendra Haridas Lal, is planning to use roughly $33.5m from […]
Energy News Beat Steven Jones, the founder of the Seafarers Happiness Index, reflects on the frustration about the treatment of seafarers in many ports around the world. When thinking about seafarers’ happiness, it is tempting to assume their greatest challenges occur far out at sea. However, new insights reveal a different story—seafarers are increasingly speaking […]
Energy News Beat Taiwan National Coast Guard Administration Taiwan has blacklisted 52 Chinese-owned ships that operate under flags of convenience. The crackdown follows the severing of a subsea communications cable near Taiwan at the beginning of January. Taiwan’s National Coast Guard Administration identified a Cameroon-registered cargo ship, Shunxin 39 (pictured), as the suspect in the […]
Energy News Beat NATO The Swedish Prosecution Authority has seized a ship suspected of damaging un underwater fiber optic cable linking Latvia and the Swedish island of Gotland yesterday, the latest in a series of undersea sabotage attacks plaguing the Baltic region. The ship in question this time is the 32,200 dwt, Maltese-flagged oil tanker […]
Energy News Beat Spot rates for LNG carriers are now at all-time lows, although some analysts believe the shipping sector is close to bottoming out. Citing an “overwhelming oversupply” of units competing for limited employment opportunities, Clarksons Research noted in its latest weekly report, published on Friday, that spot rates have fallen to new record […]
Energy News Beat NATO The Swedish Prosecution Authority has seized a ship suspected of damaging un underwater fiber optic cable linking Latvia and the Swedish island of Gotland yesterday, the latest in a series of undersea sabotage attacks plaguing the Baltic region. The ship in question this time is the 32,200 dwt, Maltese-flagged oil tanker […]
Energy News Beat Dry CargoGreater China Siemens Gamesa There has been a remarkable doubling of the amount of project cargoes leaving China on dry bulk carriers over the past year. Citing AIS satellite dry bulk carrier movement data from AXSMarine, Greece’s Ursa Shipbrokers has tallied that project cargo exports carried by dry bulk carriers from […]
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.
