Energy News Beat Biggest increase since June 2021. And they mostly bought long-term Treasury debt. No major holder dumped. By Wolf Richter for WOLF STREET. All foreign investor entities combined, from central banks to private investors, massively bought US Treasury securities, increasing their holdings by $290 billion in February, the second largest month-to-month increase in the data going […]
Energy News Beat Petrobras Oslo-listed BW Energy has made a final investment decision for the Golfinho Boost project, aiming to increase incremental oil production from 2027 by 3,000 barrels per day. According to the company, the project will also increase uptime and reduce operating expenses at the Golfinho field offshore Brazil. The project includes multiple […]
Energy News Beat Fugro The government of Lithuania is undertaking preparatory work to relaunch a tender for the development of a 700MW offshore wind project in the Baltic Sea. The tender was suspended in January to ensure that the impact on final electricity prices was minimised. The tender was launched for the second time in […]
Energy News Beat AsiaOffshore MarineTraffic / Kit Soon Liew MarineTraffic / Kit Soon Liew Malaysian offshore services player Sapura Energy has won several vessel contracts worth around RM100m ($22.6m) in Malaysia and Thailand. Sapura Energy will be providing 200-pax-capacity workboats, KPV Redang and Sapura Duyong, for offshore operations in East Malaysia. The contract for the […]
Energy News Beat AsiaOffshoreRenewables Keyfield International Keyfield International Malaysian OSV owner Keyfield International is expanding into the new offshore services market with the acquisition of a cable-laying barge from Taizhou Sanfu Ship Engineering. The Kuala Lumpur-based accommodation workboats specialist is paying $22.55m for the 98-m-long vessel named Keyfield Blessing. The acquisition will be fully funded […]
Energy News Beat With delegate passes selling at a rapid clip, and overall participation already up by 26.67% over last year’s inaugural edition, the organisers of Geneva Dry are warning the event is set to be sold out in the coming days. There are less than 20 tickets left for sale. This year’s biggest dedicated […]
Energy News Beat AsiaGas BW Epic Kosan BW Epic Kosan BW Epic Kosan has promoted its chief commercial officer, Jakob Bode, to the position of CEO, taking over from Charles Maltby at the gas owner. Andreas Sohmen-Pao, chairman of the board of BW Epic Kosan, said: “We are very grateful to Charles for his dedication […]
Energy News Beat CIMC SOE Belgian owner Somtrans has been linked to a newbuilding move in the LNG bunker segment. Brokers have named the Wijnegem-headquartered company behind the most recent order for a 20,000 cu m vessel at China’s Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE). The Somers family-run operator of about 25 inland […]
Energy News Beat AsiaTankers Singapore-based owner Jaldhi Overseas has moved to bolster and renew its chemical tanker fleet with six stainless steel newbuilds from Japan and China. The shipping arm of India’s Bothra Group has contracted Asakawa Shipbuilding for two 26,000 dwt stainless steel chemical carriers and one 20,000 dwt unit at Fukuoka Shipbuilding. The […]
Energy News Beat Japan’s Sumitomo Mitsui Trust Bank (SuMi TRUST Bank) has invested in London-based Hayfin Capital Management’s Maritime Yield strategy, bringing total strategy commitments to over $620m across the commingled fund and related separately managed accounts. The investment is the latest addition to the $400m in capital commitments raised for the fund in 2023 […]
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.
