Energy News Beat Iranian scientists are working on a faster method to develop nuclear weapons, the New York Times reported on Monday, citing US intelligence sources. According to the report, a covert team of Tehran-based scientists has been tasked with finding a new way to produce an atomic bomb to deter potential US or […]
Energy News Beat Shipping companies from Western countries sold off discarded oil tankers that became part of Russia’s shadow fleet, according to a joint report by investigative news media from several European countries. According to the cross-country investigation “Shadow Fleet Secrets” published by news outlets from Germany, Belgium, Norway, Denmark and the United Kingdom […]
Energy News Beat Offshore drilling giant Noble Corporation has revealed plans to divest two cold-stacked drillships to eliminate costs related to these units. Noble said it would divest the 2014-built Pacific Meltem and 2011-built Pacific Scirocco rigs and prioritise resources on the existing marketed fleet. According to the rig owner, it will divest these units […]
Energy News Beat Shipping markets have profited from turbulence in this decade, but far bigger changes are coming in the years ahead, argues Tim Smith, a director at Maritime Strategies International. As we approach the mid-point of this decade, from a shipping market fundamentals perspective the most important factor of the 2020s so far has […]
Energy News Beat Japanese liner Ocean Network Express (ONE) has teamed with Korean logistics outfit LX Pantos to create Boxlinks, a joint venture providing end-to-end domestic intermodal transportation services in the US. Boxlinks will provide customised service to customers in the US, leveraging access to an expanded equipment pool. Customers can utilise containers through Boxlinks […]
Energy News Beat Mediterranean Shipping Company (MSC), the world’s largest liner, has just launched iReefer, a container monitoring system for reefer cargo. This solution allows customers to track and monitor their temperature-controlled shipments in real time, from anywhere in the world. MSC offers three iReefer packages. The basic package, iReefer Essential, is free of charge […]
Energy News Beat Hanwha Ocean, one of South Korea’s largest shipyards, has partnered with America’s Baker Hughes to develop what it describes as a carbon-free ship propulsion system. The joint development aims to create an ammonia gas turbine capable of 100% ammonia combustion, with the flexibility to mix ammonia with natural gas as needed with […]
Energy News Beat Changes are afoot at top management at Kawasaki Kisen Kaisha (K Line), one of the largest shipping lines in the world. The Tokyo-headquartered company revealed today that, pursuant to a shareholder vote in March, Takenori Igarashi will become president and CEO replacing Yukikazu Myochin who will become chairman. Myochin has been in […]
Energy News Beat Sweden’s Wallenius SOL has acquired British roro outfit Mann Lines adding new offices in Estonia, Latvia, and the UK, while increasing its presence in Finland, Germany, and Benelux. “This strategic move will enable us to offer a broader range of solutions tailored to customer needs. By combining our strengths, we will achieve […]
Energy News Beat Swedish prosecutors have released the vessel suspected of cutting a fibre-optic subsea cable between Latvia and the Swedish island of Gotland after assessing the event as an accident, not sabotage. The Swedish Prosecution Authority seized the Navibulgar-owned, 32,200 dwt bulker Vezhen on January 26. Swedish authorities stated that the vessel’s anchor which […]
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.
