Energy News Beat MarineTraffic / Vladimir Knyaz Lime Petroleum, a subsidiary of Singapore-based Rex International, has hired a Borr Drilling-owned jackup rig for work off Benin. The oil and gas player signed a deal with a Borr Drilling subsidiary for the Gerd jackup, which will be used to work for 120 days. The rig will […]
Energy News Beat Once a golden dream factory, California’s progressive utopia now produces soaring costs, fleeing businesses, and fading hope for its middle class. California’s economic, academic, media, and political establishment still embraces the notion of the state’s inevitable supremacy. “The future depends on us,” Gov. Gavin Newsom said at his first inauguration, “and we will seize […]
Energy News Beat 12 years after major cyclone damage, the Great Barrier Reef has recovered, debunking claims of a widespread coral die-off from climate change. German language RTV here reports: All the talk in the media of a dying Great Barrier coral reef near Australia is “a media swindle”. The facts: Record numbers of coral […]
Energy News Beat RWE The UK government has granted development consent to the 1.2GW Rampion 2 wind farm offshore Sussex. The wind farm is a proposed extension to the 400MW Rampion offshore wind farm that has been online since 2018. The development consent order was issued by the UK energy secretary, Ed Miliband, last Friday. […]
Energy News Beat EuropeTankers Odfjell Norwegian chemical tanker owner and operator Odfjell is forging ahead with fleet transition plans that could likely see up to a dozen additional newbuildings join the fleet in the future. The Oslo-listed company revealed in its annual report it is considering a potential construction of between six and 12 large […]
Energy News Beat CMA CGM French liner giant CMA CGM has teamed with compatriot tech firm Mistral AI, opening EUR100m ($110m) over the next five years to deploy bespoke AI solutions for the group’s shipping, logistics, and media activities. As part of the agreement, a dedicated team of Mistral AI’s specialists will be based at […]
Energy News Beat Carlos Jasso Member states of the International Maritime Organization (IMO) will discuss a carbon price on international shipping–the world’s first global pricing of emissions on any sector–at the 83rd session of the Marine Environment Protection Committee (MEPC 83) meeting in London this week. However, there are enough powerful nations – including the […]
Energy News Beat Donald Trump’s 10% tariffs across all countries came into effect Saturday with stock markets in Asia taking another battering today. Wednesday will see the much higher so-called reciprocal US tariffs come into effect with listed shipping companies facing up to the realities of an impending global trade war. Shipping equities came under […]
Energy News Beat TGS Oslo-listed seismic data specialist TGS has won a shallow water OBN acquisition contract offshore Trinidad. The 3D baseline contract is scheduled to commence early in the third quarter 2025. The total duration of the survey is approximately 80 days. “Our OBN technology continues to be the preferred choice of the industry […]
Energy News Beat AsiaTankers NYK Japanese shipping line Nippon Yusen Kaisha (NYK) is adding a first methanol dual-fuel very large crude oil carrier (VLCC) to its fleet. The Tokyo-headquartered behemoth has signed up for a 339.5 m long, 309,400 dwt newbuild at fellow builder Nihon Shipyard (NSY), a joint venture between Imabari Shipbuilding and Japan […]
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.
