Energy News Beat EuropeOffshore Sea1 Offshore Sea1 Offshore Norwegian offshore vessel operator Sea1 Offshore has sold one of its offshore subsea construction vessels (OSCV) as part of its fleet renewal program. The company said that it sold its 2014-built OSCV Sea1 Spearfish to an unnamed independent third party. The vessel is currently on a contract […]
Energy News Beat CMB.TECH CMB.TECH, the shipowning vehicle controlled by the Saverys family, has signed an agreement with Australian miner Fortescue to charter an ammonia-powered vessel ordered in China. The 210,000-dwt ammonia-powered newcastlemax will feature a dual fuel engine and is expected to be delivered by the end of 2026. The Saverys family-controlled bulker arm, […]
Energy News Beat Port of Los Angeles Amidst all the tariff bombast coming out of the White House last week, liner fortunes actually improved. Global spot indices were up marginally, with Drewry, the British architects of the World Container Index, suggesting that rates will increase in the coming weeks due to tariffs and reduced capacity. […]
Energy News Beat Greater ChinaOperations Shan Mei 7 Shan Mei 7 For the first time, Taiwan has charged a Chinese ship captain for intentionally damaging undersea cables in February. The master of the Chinese-crewed, Togo-flagged Hong Tai 68 maintains his innocence in one of many cable cutting incidents around the island in recent months. The […]
Energy News Beat EuropeTankers Estonian government Estonian government Estonian authorities detained an 18-year-old tanker on Friday for flying a false flag, the first time a Baltic littoral state has taken such action against Russia’s so-called shadow fleet. Kristjan Truu, director of Estonia’s Maritime Department of the Transport Administration, said 40 problems have been detected with […]
Energy News Beat Greece’s Centrofin has added tanker newbuildings to its orderbook in a deal with South Korean yard Samsung Heavy Industries. Shipbuilding sources have placed the Dimitris Procopiou-led company behind the order for four suezmaxes at about $83m per ship. Samsung announced the order without disclosing the owner, with deliveries of the 158,000 dwt […]
Energy News Beat ENB Pub Note: As the tariff wars are in a constant state of flux, this is from Grok on X on the impact of the tariff wars on the energy storage market. We won’t know how this plays out until the negotiations are finalized. Still, we know that money from the Inflation […]
Energy News Beat Cozying up to the U.S. president could be a blessing ahead of the country’s presidential runoff—or a liability. Analysis By Mie Hoejris Dahl, a Danish freelance journalist based in Mexico City. Foreign policy isn’t usually a decisive factor in Ecuador’s elections. But as the country heads into Sunday’s razor-edge presidential runoff, Renato […]
Energy News Beat ENB Pub Note: In the related story, Millions on coal from Japan to save our steel: Net zero ‘madness’ as taxpayers foot the bill to keep furnaces burning, When making energy and finance decisions, two critical things eventually surface. First, physics matters, and fiscal responsibility will always win. In this case, the […]
Energy News Beat The aggressive Bash-Down by the White House of long-term Treasury yields and the dollar since January worked. Until it didn’t. By Wolf Richter for WOLF STREET. The 10-year Treasury yield rose to 4.49% on Friday, back where it had been on February 20. It has snapped back by 50 basis points from the recent low on […]
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.
