Energy News Beat Greater ChinaOperations COSCO COSCO Shipping Specialized Carriers is expanding its fleet of semi-submersible heavylift vessels with another newbuilding. The unit of COSCO Shipping Group has returned to Guangzhou Shipyard International for a 70,000 dwt unit as part of its plan to strengthen its position in the semisub offshore transportation market segment. The […]
Energy News Beat Jiangsu Qinfeng Shipbuilding China’s Jiangsu Qinfeng Shipbuilding has secured orders from Jiangsu Lvhang Logistics for up to six containerships. The deal, with an undisclosed value covers one firm and five optional 1,138 teu newbuilds, with the first vessel expected for delivery by November 2026. No further details have been divulged, except that […]
Energy News Beat ContainersGreater China Yang Ming Taiwanese shipping line Yang Ming Marine Transport has struck a deal with Japanese owner Shoei Kisen for three 8,000 teu methanol dual-fuel-ready containership newbuilds. The world’s 10th and Taiwan’s second-largest liner operator is buying the trio currently under construction at Imabari Shipbuilding, with delivery set in 2028 and […]
Energy News Beat Seabird Marine seismic specialist SeaBird Exploration and Singapore’s tender drilling rig specialist Energy Drilling have signed a final transaction agreement which will see the two companies merge in a share-for-share deal. The move follows a letter of intent in February aimed at creating a diversified offshore oil and gas services player. SeaBird […]
Energy News Beat EuropeOffshore Dolphin Drilling Semisub rig owner Dolphin Drilling has appointed Jon Oliver Bryce permanent chief executive officer. Bryce stepped up from chief strategy officer to take over from Bjørnar Iversen on an interim basis in January. Before joining Dolphin Drilling, he held senior and leadership roles at Awilco Drilling and Odfjell Drilling. […]
Energy News Beat EuropeOffshore Aurora Offshore UK-based shipping asset manager Borealis Maritime has sold four of its platform supply vessels. The Christoph Toepfer-led company is shipping out the 2013-built 3,500 dwt Aurora Pearl, Aurora Diamond, Aurora Emerald and Aurora Sapphire for an undisclosed sum. The Aurora Pearl was picked up by Grupo TMM in Mexico, […]
Energy News Beat EuropeOffshore Level Offshore Norway’s Knutsen Group has become the sole owner of offshore recruitment agency Level Offshore by buying out its partner DeepOcean for an undisclosed sum. Level Offshore was founded in 2018 as a 50/50 joint venture between DeepOcean and Knutsen to source temporary and permanent personnel for DeepOcean and has […]
Energy News Beat ENB Pub Note: George McMillan, an ENB news contributor on energy and geopolitical topics, wrote this article. You can find my interviews with George on his landing page here: https://energynewsbeat.co/george-mcmillian/. He has an interesting view on the next steps President Trump needs to take in ending the Russian/Ukraine war. George and I will […]
Energy News Beat Data source: U.S. Energy Information Administration, Petroleum Supply Monthly Note: Refinery yield represents the percentage of finished product produced (output) from gross inputs. EIA calculates refinery yield as the net production of a finished petroleum product (output) divided by the sum of the input of crude oil, hydrogen, and other hydrocarbons and the net input […]
Energy News Beat BP, Shell, Exxon, and Chevron are boosting fossil fuel investments after disappointing returns on green energy ventures. BP is increasing oil and gas spending by 25% and Shell is prioritizing LNG growth. U.S. supermajors stayed the course and are now outperforming. Ever since BP admitted that its attempt to go green had […]
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.
