Energy News Beat MarineTraffic / Jonathan Lord United Arab Emirates-based jackup rig pure-play Shelf Drilling has secured an extension for one of its rigs. Namely, the 2008-built Shelf Drilling Scepter will continue its drilling operations offshore West Africa for one more year. The name of the client was left undisclosed in an Oslo Bors filing. […]
Energy News Beat LeTourneau Seatrium Offshore Technology, the offshore jackup designer for Singapore shipyard group Seatrium, has won an international tender from International Maritime Industries (IMI) to supply equipment and the license for a self-elevating drilling unit. This comes after ARO Drilling, a joint venture between Aramco and Valaris, and IMI agreed to build a […]
Energy News Beat EuropeTankers Thenamaris A spate of blasts recorded across the Mediterranean on tankers that have recently called at Russian ports has security analysts concerned about a new form of attack targeting merchant shipping. Two Thenamaris aframax tankers – the Seajewel and the Seacharm – have both reported explosions onboard in the past month […]
Energy News Beat Five of the world’s leading shipbroking firms—Arrow, Gibson Shipbrokers, Howe Robinson, IFCHOR Galbraiths and SSY—have united to introduce Ocean Recap – a purpose-built recap and charter party management platform. Developed in partnership with Signal Ocean, Ocean Recap seeks to address the growing concerns of monopolisation and data security in the recap and […]
Energy News Beat Daily Standup Top Stories Iranian Oil Exports to China are rolling February 19, 2025 Clark Savage Iranian crude oil flows to China have rebounded this month after a U.S. crackdown on shipments launched in late 2024 decimated them in January. In a last-minute push to sanction Iran, the Biden admin blacklisted […] West will […]
Energy News Beat Cargill’s Ocean Transportation business and product tanker giant Hafnia have joined forces to launch Seascale Energy, a joint venture, combining Cargill’s existing bunker business Pure Marine Fuels and Hafnia’s Bunker Alliance. “Cargill and Hafnia’s global reach and trading strength, coupled with maritime operational excellence, create a first-class solution for bunker management,” said […]
Energy News Beat Under current and prospective policies from the International Maritime Organization, European Union, and the US, the business case for green shipping corridors could improve markedly – but not sufficiently – according to a new 72-page report published by UMAS, UCL and the Global Maritime Forum (GMF). Titled ‘Building a Business Case for […]
Energy News Beat More people, more workers, higher incomes, more spending. Banks eager to lend at high rates and collect swipe fees. By Wolf Richter for WOLF STREET. Delinquency rates for credit cards 30 days or more past due declined for the second quarter in a row, to 3.08% of total credit-card balances at all commercial banks at […]
Energy News Beat Energy Secretary Chris Wright called the pledge to achieve net zero carbon emissions by 2050 ‘lunacy,’ specifically criticizing the UK. U.S. Energy Secretary Chris Wright on Monday called a pledge to achieve net zero carbon emissions by 2050 a “sinister goal”, and criticized the British government’s attempts to hit clean energy […]
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.
