Energy News Beat Wolfgang Lehmacher and Mikael Lind write for Splash today sharing some of their input to the recently released World Economic Forum AI TradeTech report. Artificial intelligence (AI) is poised to change international trade. AI will improve efficiency, costs, and decision-making. McKinsey reports that AI implementation can reduce forecast errors by 50% and […]
Energy News Beat Prices are still way too high, that’s the problem in the housing market, but they’ve been dropping substantially in some cities. By Wolf Richter for WOLF STREET. Oh my, here goes the real estate industry’s dream of a recovery for existing homes. Pending sales – a forward-looking indicator of “closed sales” of existing homes to […]
Energy News Beat TGS Oslo-listed seismic data specialist TGS has won a second offshore wind characterisation contract in as many days. The contract has a total duration of approximately 30 days and is scheduled to begin in the second quarter of 2025. The work will be done for an undisclosed customer on the UK continental […]
Energy News Beat EuropeOffshore Stena Drilling Stena Drilling has landed a contract with TotalEnergies for its sixth-generation harsh environment drillship, Stena DrillMax. The 2008-built managed pressure drilling (MPD)-equipped unit, hot stacked since January, will be deployed on a one-well exploration campaign off Suriname. The work is set to start during the second quarter of this […]
Energy News Beat Tele-Fonika Kable Poland’s Tele-Fonika Kable and the Industrial Development Agency (ARP) have set out plans to build specialised cable laying vessels (CLVs) designed for the installation and maintenance of offshore wind farm subsea cables. The scheme under a letter of intent signed by both parties also includes the development of support vessels […]
Energy News Beat RMK Marine The world’s first commercial sailing roro vessel, Neoliner Origin, has been launched at the RMK Marine shipyard in Türkiye. The vessel, which started construction in November 2023, is being built for the French shipping company Neoline. It is a 136 m long and 24.2 m wide cargo ship with 3,000 […]
Energy News Beat Sun Enterprises Greek shipowner Sun Enterprises has returned to South Korean yards in its latest fleet expansion move. The company, which has built most of its tankers in South Korea, has commissioned DH Shipbuilding for a pair of suezmaxes at $90.5m each. Shipbuilding sources say the 158,000 dwt newbuilds which are the […]
Energy News Beat EuropeTankers MarineTraffic / Pietragala Geraldo This year’s first modern VLCC sale is in the pipeline. Brokers report that the eight-year-old, 300,000 dwt Leicester was sold for $87m to undisclosed interests. Broking sources tell Splash that an Oslo-based private equity fund, Transportation Recovery Fund (TRF), is selling the Shanghai Waigaoqiao Shipbuilding-built tanker. The […]
Energy News Beat Emanuele Lauro-led Scorpio Tankers has taken its shareholding in VLCC giant DHT Holdings to above 5%. In a release to the Securities and Exchange Commission, DHT revealed Scorpio had taken its shareholding in the company from 4.9% to 7.45%, spending $131.5m to bolster its position. Splash first reported on Scorpio’s initial 4.9% […]
Energy News Beat ContributionsFinance and Insurance Photo by Aditya Vyas on Unsplash Pierre Aury has some advice for would be shipping investors. An old topic for a new year. I’ve already made my opinion quite clear about the fact that shipping companies trading in competitive spot markets should not be listed. In this column we […]
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.
