Energy News Beat Nordic American Tankers has revealed a new sale of one of its oldest vessels as fleet renewal at the suezmax specialist rolls on. The New York-listed company is offloading the 2004-built, 150,000 dwt Nordic Casor and should cash in about $22.5m after buying the vessel for a reported $29.7m in 2016. Earlier […]
Energy News Beat COSCO Shipping Bulk is swelling its orderbook with a pair of newcastlemax bulk carrier newbuilds at a domestic yard. Brokers tell Splash that the dry bulk arm of the Chinese behemoth COSCO Shipping has booked 209,800 dwt units at leading newcastlemax builder CSSC Qingdao Beihai Shipbuilding. No price has been divulged for […]
Energy News Beat A surge in VLCC sales over the past two weeks highlights the resilience of asset prices in the large crude carrier market. The most recent transaction features Bahri, Saudi Arabia’s state-owned shipping line, offloading its second 17-year-old VLCC in months. Sales registers indicate that the Hyundai Samho-built Layla is changing hands for […]
Energy News Beat Greek owner Danaos has increased its holding in compatriot dry bulk giant Star Bulk Carriers. A recent filing to the US Securities and Exchange Commission (SEC) revealed that the John Coustas-led boxship tonnage provider and capesize bulker player had picked up around 2.03m shares in the Nasdaq-listed Star Bulk. The move takes […]
Energy News Beat Tariffs, increasing stem sizes and changing trade patterns formed much of the debate at the Minor Bulks session at this year’s packed Geneva Dry summit. Wlillem Vermaat, shipping director at Heidelberg Materials Trading, the second largest cement producer globally, noted that commodity trade flows tend to adjust to market changes. For example, […]
Energy News Beat In a significant curtailment of the trade war between the world’s two largest economies, the United States and China have agreed to considerably slash tariffs for the next 90 days. As part of the deal reached in Geneva over the weekend, US Treasury Secretary Scott Bessent said both countries would lower their reciprocal […]
Energy News Beat Norway’s Olympic has secured a five-year firm contract with Aker BP for the construction service operation vessel (CSOV) Olympic Notos. The deal with options for another five years will see the 2024 Ulstein-built unit serve as a dedicated walk-to-work vessel at the unmanned production platform Munin in the Yggdrasil area from the […]
Energy News Beat “Based on the environmental analysis in this final supplemental EIS, staff have determined that the emission impacts, including 1-hour NO2 and annual PM2.5 impacts from the Moss Lake compressor station and CP2 LNG Terminal, when combined with past, present, and reasonably foreseeable emissions within the regional air environment are not significant,” FERC […]
Energy News Beat Marin revealed this during YPF’s first-quarter earnings call on May 8. Earlier this month, Golar LNG announced the decision and fulfillment of all conditions precedent for the 20-year re-deployment charter of the FLNG Hilli Episeyo, first announced in July 2024. FLNG Hilli, with a nameplate capacity of 2.45 mtpa, is expected to start […]
Energy News Beat Burrows revealed this during Pembina’s first-quarter earnings call on May 9. In June 2024, Pembina and the Haisla Nation took the final investment decision on the $4 billion LNG project, which is expected to be in service in late 2028. The Haisla Nation has a 50.1 percent stake and Pembina owns 49.9 […]
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.
