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 […]
Energy News Beat LNG imports rose by 39.2 percent year-on-year to 22.4 TWh in April and accounted for 71.5 percent of the total gas imports, according to the preliminary monthly report by LNG terminal operator Enagas. Imports dropped compared to 25.2 TWh in March, which marked a 39.8 percent year-on-year rise. Including pipeline imports from […]
Energy News Beat Woodfibre LNG posted on social media over the weekend that its pipe racks had left the fabrication yard docks in China and were on their way to the Woodfibre LNG project site. This first module delivery marks a shift to vertical construction, the LNG terminal developer said. Woodifibre LNG did not provide […]
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.
