Energy News Beat Gulf Navigation Dubai shipping firm Gulf Navigation (GulfNav) has been given the go-ahead by its shareholders to acquire the assets held by crude storage provider Brooge Energy. The takeover plan, announced in October 2023, covers $125m in cash payment, the issuance of about 359m new shares to Brooge worth $122m, and $626m […]
Energy News Beat CSSC Both the China Shipowners’ Association (CSA) and the China Association of the National Shipbuilding Industry (CANSI) have left public comments criticising the US Trade Representative’s proposals to charge extra for fleets with Chinese-built tonnage calling at American ports, arguably the biggest shock policy to potentially hit shipping in the opening months […]
Energy News Beat Höegh Autoliners Norwegian car carrier player Höegh Autoliners is taking ownership of one of its leased vessels. The Oslo-listed outfit has exercised a purchase option at Parcar Shipholding on the 2010-built Höegh Copenhagen. The deal worth $36.5m will see the 7,850 ceu vessel switch ownership in August, the Andreas Enger-led operator of […]
Energy News Beat EuropeOffshore Dolphin Drilling Dolphin Drilling shareholders, Svelland Capital and B.O. Steen Shipping, have proposed a new chairman of the board following the two increasing their stakes in the company. Svelland Capital and B.O. Steen Shipping increased their respective shareholdings in Dolphin Drilling to 34% and 10% last week. On Thursday, the two […]
Energy News Beat SBM Offshore Dutch floater expert SBM Offshore has entered into a global collaboration agreement with US technology conglomerate Microsoft to develop standardized, AI-powered carbon-free floating power solutions. The collaboration aims to accelerate the adoption of floating power generation units to meet the growing demand for clean, reliable, and dispatchable electricity for electrification […]
Energy News Beat AfricaDry Cargo Iron ore exports out of Africa are set to be one of the great growth drivers of global seaborne trades for the rest of the 2020s, new research from broker SSY shows. Guinea’s Simandou mine alone is set to deliver 60m tonnes of iron ore in its first full year, […]
Energy News Beat AmericasOperations In the latest maritime bombshell coming out of Washington DC, the Federal Maritime Commission, the country’s shipping regulator, has warned it might bar entry to ships from countries found to be causing choke points at key locations around the world. The FMC yesterday opened an investigation into transit constraints at international […]
Energy News Beat Magazines What will the shipping markets look like in the coming 12 months? Maritime CEO’s global network of correspondents delve into the individual sectors to bring readers a unique outlook covering everything you will need to know to make informed decisions. As well as markets coverage, this title also covers pressing regulatory […]
Energy News Beat Donald Trump’s so-called ‘maximum pressure’ campaign against Iran has stepped up a gear with the latest targeted sanctions announced in Washington DC yesterday including a ship waiting to be scrapped off Bangladesh as well as tug boats that have serviced Iranian-linked vessels in the past. The Department of the Treasury’s Office of […]
Energy News Beat U.S. propane exports have increased every year since 2007 Data source: U.S. Energy Information Administration, Petroleum Supply Monthly U.S. propane exports averaged a record 1.8 million barrels per day (b/d) in 2024, the most since we began collecting this data in 1973. U.S. propane exports increased for each of the last 17 years, with growth driven […]
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.
