Energy News Beat EuropeOffshore Deep Value Driller Deep Value Driller Italy’s Saipem has exercised its option to amend its bareboat charter deal with Norwegian rig owner Deep Value Driller for the namesake drillship. The Milan-listed offshore engineering and construction giant has fixed the 2014-built Deep Value Driller for 365 days from July 1, and secured […]
Energy News Beat Wood UK consulting and engineering firm Wood has received a non-binding conditional takeover proposal from Dubai-based company Sidara. The possible offer is for 35 pence per Wood share in cash to acquire the entire issued and to be issued share capital of Wood. Dar Al-Handasah Consultants Shair and Partners, otherwise known as […]
Energy News Beat Vasi Shipping Vasi Shipping, a small Singaporean containership operator, has filed for bankruptcy. The company, founded 13 years ago, has $19m of debt owed to creditors. Previously, it operated on intra-Asia routes on three owned ships, all of which it has sold recently to try and pay back debts. “The gap between […]
Energy News Beat Matson The chart below created by Linerlytica highlights the containerlines most exposed on the transpacific by the ongoing trade war initiated by Donald Trump, the American president, against China, that has effectively brought most business between the two largest economies in the world to a halt. Hede, Matson, SeaLead, TS Lines, and […]
Energy News Beat Qingdao Yangfan Shipbuilding State-run China Merchants has completed the acquisition of its seventh shipyard, Qingdao Yangfan Shipbuilding, in the northeast of the country. The yard, one of China’s oldest, has been rebranded CMI Qingdao Shipyard. The yard is best known for building large bulk carriers and containerships in its two drydocks. The […]
Energy News Beat Shipowners left scratching their heads about the potential financial penalties they face from the new net-zero framework agreement penned at the International Maritime Organization last week have been given a solution. Employees at Singapore’s Global Centre for Maritime Decarbonisation (GCMD) worked overtime this past weekend to develop a free cost and compliance […]
Energy News Beat SHI Like they did belatedly during the last great shipbuilding boom, South Korea’s largest three shipbuilders are finally looking overseas for expansion. During the shipping boom of 2003 to 2008, Korean yards expanded belatedly massively at home and overseas, only to be hit by more than a decade’s slump in the wake […]
Energy News Beat Seatransport Queensland’s ship design group Seatransport and Houston-based Deployable Energy are collaborating with Lloyd’s Register (LR) to develop nuclear power generation for different applications, including strategic response vessels in remote areas. Using micro modular reactor (MMR) technology, two to five MMRs of 1MWe capacity each will power a 73 m amphibious vessel, designed […]
Energy News Beat AmericasShipyards The stats surrounding the steep learning curve the US faces if it wants to claw back any market share in shipbuilding are astonishing. Donald Trump, the American president, is taking steps to try and build back the country’s shipyards, creating a shipbuilding office in the White House, and last week signing […]
Energy News Beat The International Labour Organisation’s Maritime Labour Convention (MLC) has been updated, following lengthy negotiations last week in Geneva. Under ILO’s Special Tripartite Committee on the MLC, governments, shipowners, and unions met last week to review and adopt crucial updates that reflect the evolving needs of seafarers and the maritime industry. Among the […]
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.
