Energy News Beat Danish shipping giant Norden has decided to increase its multi-purpose (MPP) fleet by signing newbuilding leases with purchase options for two vessels. These two vessels are options to the recently signed deals for two identical vessels set to deliver in 2026. This latest pair of 17,500 dwt vessels is expected to be […]
Energy News Beat ENB Pub Note: Until the EU sanctions Chinese or Indian refineries, Russian oil will still reach its biggest buyers. I have included a summary of the sanctions, and Russia has had a 4.2% GDP growth even under these sanctions. Key Points The EU has imposed multiple sanctions on Russia since 2014, with […]
Energy News Beat Daily Standup Top Stories Ukraine’s MHP delivers first bio-LNG supplies to EU May 13, 2025 Mariel Alumit ENB Pub Note: I added overall market context on the bio-LNG markets Bio-LNG (liquefied biomethane) is a renewable fuel derived from organic waste, such as agricultural residues, household waste, and industrial byproducts. Its production and […] Equinor […]
Energy News Beat ContainersEurope MarineTraffic / Capt. Turboboss MarineTraffic / Capt. Turboboss Busy Athens-based non-operating owner Erasmus Corp has taken its box fleet into double-digits with Alphaliner reporting another triple swoop this week. Erasmus is tied to the acquisition of the 2,741 teu Jeju Island for $20.5m as well as the 1,809 teu Kestrel and […]
Energy News Beat The US on Tuesday announced fresh sanctions on Iranian oil sales to China, as president Donald Trump’s administration continues its “maximum pressure” campaign against Tehran. The US Treasury said that it is sanctioning nearly two dozen firms that it alleges facilitate Iran’s international oil trade. Sanctioned entities include so-called front companies based in […]
Energy News Beat Cockett Group Vitol and Grindrod have decided to close down their bunkering business, Cockett. The joint shareholders of the marine fuels and lubricants trader said the operation will be wound down in an orderly manner. Cockett will continue to fulfil all its existing obligations to both suppliers and customers but it will […]
Energy News Beat Middle EastOffshore Vantage Drilling Vantage Drilling Saudi oil and gas driller ADES has signed a multi-year contract extension for one of its jackup rigs. ADES signed a deal for the 2009-built Sapphire Driller with what it described as a “major operator in Qatar”. The extension is for a firm duration of four […]
Energy News Beat Aurora Offshore Christen Sveaas’ Viking Supply Ships has expanded its anchor-handling tug supply (AHTS) fleet with a new acquisition. The Stenungsund-based firm said on Tuesday that it entered into an agreement to buy the 2012-built Ice Class 1A AHTS vessel Atlantic Kestrel from Canadian company Atlantic Towing. The 85 m vessel, originally […]
Energy News Beat AmericasOffshore MarineTraffic / Alberto ADR MarineTraffic / Alberto ADR US-based LNG player New Fortress Energy has executed a three-year charter agreement for the Energos Freeze FSRU with Energía 2000 in the Dominican Republic. The 125,000 cu m floating storage and regasification unit will be deployed to Energía 2000 LNG import terminal in […]
Energy News Beat Egypt’s Suez Canal will offer a 15% discount for the next three months on transit fees for containerships of 15,000 teu and above in terms of capacity, to encourage trade back, with recent headlines suggesting the Red Sea shipping crisis is coming to a close. The Suez Canal Authority said the offer was in […]
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.
