Energy News Beat MOL Japanese shipowner Mitsui OSK Lines (MOL) is joining forces with Cyprus-based dry bulk specialist SMT Shipping to jointly explore options for shipping direct reduced iron (DRI). Interest in DRI produced by reducing iron ore with natural gas or hydrogen is developing as the steel sector ramps up attempts to reduce CO2 […]
Energy News Beat Costamare New York-listed Greek shipowner Costamare has moved to spin off its dry bulk operation into a separate publicly traded company. The new company Costamare Bulkers Holdings is expected to launch this year and to be listed on the New York Stock Exchange. The outfit will own nearly 40 vessels in addition […]
Energy News Beat Cadeler Copenhagen-headquartered offshore wind installation player Cadeler has signed a firm contract with an undisclosed client for one of its newbuild vessels for work at an offshore wind farm in the United States. This will be the first time Cadeler’s second P-Class newbuild vessel, Wind Pace, will be deployed following its anticipated […]
Energy News Beat EuropeTankers KNOT Shuttle tanker player KNOT Offshore Partners has agreed a new swap dead with parent Knutsen NYK Offshore Tankers (KNOT) that will see the company add a modern suezmax in exchange for its nine years older panamax unit. The New York-listed firm is buying the 2021-built 152,800 dwt Live Knutsen from […]
Energy News Beat Canadian Coast Guard Thirteen days on from its grounding off Newfoundland, salvors are struggling to work out how to remove the MSC Baltic III from the icy, stormy shoreline near Lark Harbour. With reports emerging of a hull breach, and the ship carrying 1,710 tonnes of heavy fuel oil, local media is […]
Energy News Beat As the week comes to an end there’s signs that the dry bulk markets – led by capes – are picking up finally. Will this mini-revival be sustainable all the way through to the end of April when Geneva Dry, the global dry bulk summit, returns for its second edition? Alexis Ellender, […]
Energy News Beat AmericasOffshore Karoon Australian oil and gas player Karoon Energy has bought the Cidade de Itajaí FPSO for $115m from Altera & Ocyan, the joint venture formed by the Brazilian company Ocyan and Altera Infrastructure. The FPSO was bought by Karoon’s wholly-owned Brazilian subsidiary Karoon Petróleo & Gás. The deal also includes approximately […]
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.
