Energy News Beat SeaBird Marine seismic specialist SeaBird Exploration and Singapore’s tender drilling rig specialist Energy Drilling are set to merge in a share-for-share deal creating a diversified offshore oil and gas services player. Under a letter of intent, the transaction will be carried out by issuing about 651m new SeaBird shares to Energy Drilling […]
Energy News Beat Tankers Tsuneishi Aframaxes sales are filling up broking reports at an increasing rate as sanctions rain in. So far this year, about 10 ships have been reported sold in the aframax segment, tankers that reportedly are being sold charter-free, based on prompt delivery. One of the latest sales involves Greek account IMS, […]
Energy News Beat AsiaShipyards India’s finance minister Nirmala Sitharaman announced on Saturday the creation of a $2.9bn maritime development fund for the long-term financing of the country’s shipbuilding and repair industry, the latest in a series of measures the Narendra Modi administration is taking to make the world’s most populous nation a top 10 shipyard […]
Energy News Beat Teo Malnar The dire start to the year for LNG carriers has hit new low benchmarks with some ship types now in negative territory in the Atlantic basin. Spark Commodities, which tracks LNG rates, is reporting 160,000 cu m TFDE vessels were assessed at minus $2,250 per day at the end of […]
Energy News Beat Elon Musk’s Department of Government Efficiency (DOGE) has been granted full access to the US Treasury Department’s payment system, according to reports from The New York Times and The Wall Street Journal. Historically, access to this system has been restricted to a small group of career civil servants due to its sensitivity. […]
Energy News Beat Prime Minister Justin Trudeau has said Canada must stand up for itself and protect its national interests amid US trade restrictions Canadian Prime Minister Justin Trudeau has announced retaliatory 25% tariffs on American goods, hours after US President Donald Trump imposed sweeping trade restrictions on Canadian imports. “Tonight, I am announcing Canada […]
Energy News Beat [[{“value”:” The US president has placed restrictions on Chinese goods in what he said was retaliation for failing to stem the flow of migrants and drugs into America China will file a lawsuit at the World Trade Organization (WTO) and take other retaliatory measures against US President Donald Trump’s new tariffs on […]
Energy News Beat Six workers have been injured as a result of a fire at California’s Martinez Refining Company A massive fire broke out at a refinery in Martinez, California on Saturday, prompting a shelter-in-place order for surrounding neighborhoods due to concerns about air quality. The order has since been lifted. The blaze erupted after […]
Energy News Beat Firefighters rushed to the Martinez Refining Company but couldn’t get inside right away. Thick smoke filled the air, and officials had no idea what chemicals might be burning. A public health advisory is now in effect for Martinez and Pacheco. Air quality inspectors are on-site, warning that the smoke plume could impact […]
Energy News Beat Britain risks being left more vulnerable to blackouts as a political row in Norway over power exports escalates. The Norwegian government collapsed this week following a row over EU green energy laws. A junior coalition partner in the government quit in protest at plans to implement the policies, amid a broader rise 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.
