Energy News Beat AsiaPiracy The pirate attacks keep coming thick and fast in Indonesian waters of the Singapore Strait. Ambrey, a British maritime security specialist, reports that a Marshall Islands-flagged bulk carrier was boarded by four individuals while transiting eastbound through the Philip Channel, a patch of water that has become the global piracy hotspot […]
Energy News Beat Shanghai Waigaoqiao Shipbuilding Non-Chinese shipowners can breathe a sigh of relief that they can still order most ship types risk-free in China, according to HSBC, following last week’s decision by the US Trade Representative to water down penalties on Chinese-linked tonnage. The competitiveness of Chinese yards remains intact, according to the global […]
Energy News Beat AfricaPiracy A Marshall Islands-flagged chemical tanker was boarded by four individuals some 100 nautical miles southwest of Brass, Nigeria, according to UK maritime security specialists Ambrey. The individuals approached the vessel in a black-hulled skiff. No weapons were reported during the incident. The individuals remained onboard for four hours and stole crew […]
Energy News Beat Andrew Craig-Bennett warns about the risks of using prevalent knock-off spare parts. When a new ship leaves her builder for her maiden voyage, she will carry spare parts. We can probably – probably – assume that these spare parts, as well as the renewable and consumable components fitted in her mechanical and electrical […]
Energy News Beat The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated Iranian national and liquified petroleum gas (LPG) “magnate” Seyed Asadoollah Emamjomeh and his corporate network, for his role in shipping hundreds of millions of dollars’ worth of Iranian LPG and crude oil to foreign markets. Emamjomeh’s expansive network […]
Energy News Beat Austin, Oakland, Saint Petersburg (FL), San Francisco, Chula Vista, Detroit, New Orleans, Denver, Jacksonville, Naples, Tampa, Mesa, Portland, Seattle. By Wolf Richter for WOLF STREET. Condos are often the first and biggest movers in local housing markets. Prices exploded in many of them over the three years between mid-2019 and the peak in mid-2022, by […]
Energy News Beat Belgium’s CMB.TECH and one of Europe’s largest dry bulk owners, Golden Ocean, have signed a term sheet for a stock-for-stock merger that will create a maritime giant with a combined fleet of more than 250 vessels. Under the agreement, unanimously approved by the boards of both companies, the shipowning vehicle controlled by […]
Energy News Beat ENB Publisher Note: Does this mean more layoffs?? HIGHLIGHTS Targeting $1 billion in annual pre-tax free cash flow improvements Business optimization plan underway to improve margins and capital efficiency Plan includes improvements to base production performance, midstream commercial terms and corporate costs Expected to be completed by the end of 2026, […]
Energy News Beat ENB Publishers Note: This fall in line with what we are seeing with non-core divestitures. While we don’t what the total trade looks like – the $83M is a steep price for only 3,000 BOE/day @ ~35% oil. We will see if this works out…. HOUSTON, Apr. 22 /BusinessWire/ — Crescent […]
Energy News Beat The Trump admin has started scrubbing climate propaganda from federal websites, but there’s still a long way to go—it’s time to take it seriously. In a post on January 28 — a week into President Trump’s second term — I urged that it is time to “purge the climate scam from the […]
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.
