Energy News Beat Shanghai Waigaoqiao Shipbuilding Greece’s Performance Shipping has secured financing for its third newbuilding in China through another sale and leaseback deal. The Nasdaq-listed tanker owner and operator of seven ships on the water and four on order is selling its LNG-ready scrubber-fitted LR2/aframax product and crude oil carrier to an unnamed counterparty […]
Energy News Beat GMG UK-based subsea cabling specialist Global Marine Group (GMG) has been acquired by Singapore’s Keppel Infrastructure Fund and a co-investor. The transaction, led by Keppel’s private investment vehicle will see 100% of GMG taken from J.F. Lehman & Company (JFLCO) for an undisclosed sum. JFLCO took over the business in 2020 for […]
Energy News Beat EuropeOffshore Dana Petroleum Aberdeen-headquartered oil player Dana Petroleum has terminated the agreement with NEO Energy for the acquisition of the Western Isles FPSO. Jersey Oil & Gas, NEO Energy’s partner in the Buchan Horst joint venture, said in a statement that the termination comes after the agreement reached its longstop date at […]
Energy News Beat Taiwan’s imports of liquefied natural gas (LNG) rose last month compared to February 2024, according to customs data. Preliminary data from the Directorate General of Customs shows that the country received 1.80 million tonnes of LNG in February. This is up by 34.8 percent year-on-year compared to 1.33 million mt in 2024. […]
Energy News Beat Lila Global has arranged to scrap a 25-year-old capesize vessel, making it the second reported cape to head to the breakers this year. In January, NYK Bulkship Korea scrapped the 27-year-old Lady Cedros, beached at Alang, India. After Russia attacked Ukraine, buyers rescued a string of vintage ships from demolition, vessels sold at record […]
Energy News Beat Japanese shipowner Mitsui OSK Lines (MOL) is buying LBC Tank Terminals, one of the world’s largest independent tank terminal operators primarily handling and storing chemicals in Europe and the US. The acquisition of the Dutch firm will cost $1.72bn with the closing of the transaction subject to obtaining permits and approvals from […]
Energy News Beat The Houthis in Yemen issued an ultimatum to Israel on Friday, repeating it yesterday. Unless Israel resumes shipments of humanitarian aid into Gaza by Tuesday, the Houthis will resume attacks on ships. “If the Israeli enemy continues after the first four days to prevent the entry of aid into the Gaza Strip […]
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.
