Energy News Beat Ukraine is ready to make a deal, US President Donald Trump said while addressing the annual World Economic Forum (WEF) in Davos, Switzerland via teleconference. Trump was answering a question from WEF President Borge Brende as to whether there will be a peace agreement by the time of next year’s meeting in […]
Energy News Beat Brazilian state-owned oil and gas major Petrobras has extended the charter of the Modec-owned FPSO Cidade de Angra dos Reis working off Brazil. The FPSO, located on the Tupi field, has been in operation since October 2010. The extension will see the unit stay for an additional five years, until 2030. It […]
Energy News Beat The Singapore Strait is becoming a piracy hotspot once again. A Singapore-flagged bulk carrier was boarded by six individuals while transiting eastbound in the Philip Channel of the Singapore Strait in Indonesian waters, the latest in a series of attacks in the same area over the past few months. According to UK […]
Energy News Beat Disgraced Sentek Marine & Trading will cease bunkering activity in Singapore next month after the country’s Maritime and Port Authority (MPA) decided to not renew its bunker supplier and bunker craft operator licences. In September 2022 Sentek Marine was charged in court with acquiring marine gasoil that was embezzled from Shell’s facility […]
Energy News Beat Suezmax specialist Nordic American Tankers (NAT) is adding a leased vessel to its owned fleet and shipping out one of its oldest tankers. The New York-listed company said it had declared a purchase option on an unnamed 2018-built vessel “on favourable terms from a close financing partner”. NAT has three 2018 Samsung-built […]
Energy News Beat After 14 months and three days in captivity, the crew of the Galaxy Leader car carrier was released on Wednesday. The vessel’s crew, made up of 25 nationals from Bulgaria, Ukraine, the Philippines, Mexico and Romania, was captured on November 19, 2023, when armed Houthis stormed the ship via helicopter. This started the […]
Energy News Beat A new report from UCL’s Energy Institute Shipping and Oceans Research Group assesses the financial risks to the shipping industry from stranded assets due to stricter greenhouse gas regulations, possibly due for adoption at the International Maritime Organization (IMO) this year, in combination with the ongoing global transition to a low-carbon energy […]
Energy News Beat France’s CMA CGM is being widely tipped as the European owner mentioned in a release today by HD Hyundai Heavy Industries behind the biggest ship orders in the year to date. Splash understands CMA CGM has contracted the Korean shipyard to build twelve 18,000 teu LNG dual-fuel containerships valued at KRW3.716trn ($2.58bn). […]
Energy News Beat BERLIN – Germany’s usually hawkish central bank President, Joachim Nagel, is getting more serious about reforming the country’s constitutional deficit rule, pushing beyond technical changes. Germany’s strict rule for new borrowing, enshrined in the constitution, has been a major political point of controversy over the last few years. The rule, known […]
Energy News Beat Larry Fink says there is momentum towards the institutional adoption of the crypto currency Bitcoin could reach an astonishing $700,000 if institutional investors allocate between 2% and 5% of their portfolios to the cryptocurrency, Larry Fink, the head of BlackRock, the world’s largest asset management firm, has predicted. The digital coin […]
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.
