Energy News Beat ADES Holding Saudi oil and gas driller ADES has won its second contract for one of its jackup rigs offshore Nigeria. The company has fixed the 2013-built Admarine 501 to Nkuku Ikon Petroleum Development following the deal with Brittania-U for its Admarine 504 unit last month. The new contract, which includes a […]
Energy News Beat Nordic Chartering Finnish logistics player Hacklin Group has strengthened its business with the acquisition of a considerable stake in compatriot shortsea operator Nordic Chartering. The move of Hacklin joining as the shareholder for an undisclosed sum will build a strong foundation for future vessel investments, the companies said in a release, adding […]
Energy News Beat EuropeOperations UGS Melina Travlos has been re-elected for a second term as president of the Union of Greek Shipowners (UGS). The head of Neptune Group of companies, which includes carrier owner and operator Neptune Lines as well as a dry bulk outfit, Neptune Dry Management, will lead the nation’s shipowner association for […]
Energy News Beat ContainersEurope Navigare Capital Denmark’s Navigare Capital Partners has moved to add more containerships to its portfolio through a deal for up to six newbuildings in China. The Copenhagen-based alternative investment fund manager has signed up for four firm 4,300 teu vessels at Taizhou Sanfu Shipbuilding with options for two more, according to […]
Energy News Beat LDA Louis Dreyfus Armateurs (LDA) and its joint venture partner, Tidal Transit, have been selected by wind turbine maker Siemens Gamesa to provide a crew transfer vessel for the Eoliennes en mer des îles d’Yeu et de Noirmoutier (EMYN) offshore wind farm in France. Under the contract, the JV company LD Tide […]
Energy News Beat Boa Norway’s Boa has signed a contract with Dalian Shipbuilding Offshore Co, for the construction of up to two semi-submersible heavy lift barges. The in-house-designed Boabarge 39, first introduced in November 2023, is targeted for delivery in the third quarter of 2026, and the company has secured an optional slot for an […]
Energy News Beat Swiss voters rejected a set of rigid emission limits in a plebiscite, dismissing a call for more climate protection over fears that it would stymie the economy. The so-called Environmental Responsibility Initiative, launched by the youth wing of Switzerland’s Green Party, was supported by just 30% of the electorate, according to government data […]
Energy News Beat Numerous publications will struggle to stay afloat after Donald Trump suspended most foreign aid Elon Musk has derided pro-Western Russian and Ukrainian media outlets over their degree of perceived “independence,” as the publications now find themselves under severe financial strain following US President Donald Trump’s clampdown on the US Agency for International […]
Energy News Beat The LNG shipping industry has built excessive capacity in anticipation of increased LNG exports, resulting in a current oversupply of ships and plummeting charter rates. Political factors, such as the U.S. pause on new LNG export licenses and shifting trade dynamics, have contributed to slower than expected growth in LNG supply in […]
Energy News Beat West Texas Intermediate has been trading around $70 this week after posting two weeks of declines. The last time shale producers pursued a flat-out production strategy, crude prices tanked to the $40s. Cheap oil may turn out to be one promise Trump can’t keep—because it’s not entirely up to him. President Trump […]
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.
