Energy News Beat Sun Enterprises Greek shipowner Sun Enterprises has returned to South Korean yards in its latest fleet expansion move. The company, which has built most of its tankers in South Korea, has commissioned DH Shipbuilding for a pair of suezmaxes at $90.5m each. Shipbuilding sources say the 158,000 dwt newbuilds which are the […]
Energy News Beat EuropeTankers MarineTraffic / Pietragala Geraldo This year’s first modern VLCC sale is in the pipeline. Brokers report that the eight-year-old, 300,000 dwt Leicester was sold for $87m to undisclosed interests. Broking sources tell Splash that an Oslo-based private equity fund, Transportation Recovery Fund (TRF), is selling the Shanghai Waigaoqiao Shipbuilding-built tanker. The […]
Energy News Beat Emanuele Lauro-led Scorpio Tankers has taken its shareholding in VLCC giant DHT Holdings to above 5%. In a release to the Securities and Exchange Commission, DHT revealed Scorpio had taken its shareholding in the company from 4.9% to 7.45%, spending $131.5m to bolster its position. Splash first reported on Scorpio’s initial 4.9% […]
Energy News Beat ContributionsFinance and Insurance Photo by Aditya Vyas on Unsplash Pierre Aury has some advice for would be shipping investors. An old topic for a new year. I’ve already made my opinion quite clear about the fact that shipping companies trading in competitive spot markets should not be listed. In this column we […]
Energy News Beat One family has propelled a landlocked European nation into the top shipowning countries in the world. Gianluigi Aponte’s Geneva-based Mediterranean Shipping Co (MSC) has been on a historic fleet expansion in the 2020s, hoovering up more than 400 secondhand boxships, and ordering more than 3m teu of newbuilds, pushing MSC to the […]
Energy News Beat Daily Standup Top Stories Big Oil Earnings Slump Puts Payouts to Investors Under Pressure January 29, 2025 Clark Savage Fourth-quarter profit to be lowest in more than three years Oil markets weigh uncertain outlook driven by Trump’s return The flow of dividends and buybacks from the world’s largest oil companies is under pressure, […]
Energy News Beat [[{“value”:” A coalition of U.S. power companies is demanding “immediate action” from the Trump administration to roll back federal regulation of toxic coal ash and rescind recent enforcement actions. A Jan. 15 letter to Lee Zeldin, President Donald Trump’s nominee to head the U.S. Environmental Protection Agency, outlines specific steps the federal government should take to […]
Energy News Beat As Erdogan champions the Palestinian cause, evidence suggests that his regime is facilitating support for Israel. At the end of November, Turkish President Recep Tayyip Erdogan delivered the keynote address at a forum for the country’s national public broadcaster and reaffirmed his support for Gaza. Seyma Yildirim, a Turkish pro-Palestinian activist in […]
Energy News Beat Fourth-quarter profit to be lowest in more than three years Oil markets weigh uncertain outlook driven by Trump’s return The flow of dividends and buybacks from the world’s largest oil companies is under pressure, with fourth-quarter profits plunging and the return of President Donald Trump adding to the uncertainty. The five global oil majors […]
Energy News Beat Earth has existed for more than 4 billion years without present-day humans. In the past, dinosaurs and cavemen never used its plentiful natural resources. Today, with 8 billion humans on this planet, the few wealthy countries are extracting natural resources at alarming rates, and they are NOT being replenished. Crude oil consumption […]
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.
