Energy News Beat AsiaOffshore Icon Offshore Malaysian OSV owner Icon Offshore has secured shareholders’ approval to change its name to Lianson Fleet Group (LFG) as it sets sights on significant fleet expansion. Last year, the Bursa Malaysia listed firm with around 20 OSVs struck a deal that will see it adding 40 vessels, the majority […]
Energy News Beat Euronav Antwerp-based owner and operator CMB.TECH has offloaded three of its vessels, securing a profit of $46.52m. The Saverys family-led group is shipping out the 2007-built suezmax tanker Cap Lara in a deal that will bring in a capital gain of $18.77m. The 2007 Samsung-built 158,826 dwt will be delivered to an […]
Energy News Beat Baltic Shipping China’s Seacon Shipping has expanded its fleet through a €63.7m ($66.5m) deal for seven modern mini bulkers. The Hong Kong-listed company said in a filing it had purchased the Baltic Fin, Baltic Grain, Baltic Moon, Baltic Wind, Baltic Steel, Baltic Sun and the Baltic Split from Baltic Shipping at $9.1m […]
Energy News Beat Navibulgar The Bulgarian owner at the centre of a new cable cutting incident in the Baltic has denied its ship deliberately carried out the latest damage to subsea infrastructure in the region, something analysts are disputing while politicians discuss clamping down further on ships leaving Russia. The Swedish Prosecution Authority seized the […]
Energy News Beat CSET The tanker division of the world’s largest shipowner is readying $1.1bn for its newbuilding programme. COSCO Shipping Energy Transportation is issuing RMB8bn worth of A shares to raise cash to build three aframaxes, six VLCCs and two LNG carriers. The aframaxes will be built by sister firm COSCO Shipping Heavy Industry […]
Energy News Beat There’s just 90 days to go until the second edition of Geneva Dry, the world’s premier commodities shipping conference, with organisers urging people thinking about signing up to do so quickly to avoid disappointment. At last year’s inaugural event, organisers were forced to issue a ‘Sold Out’ sign weeks ahead of the […]
Energy News Beat James Peacock, who leads product development at XMAR, tackles an issue likely to be one of the talking points at this year’s Geneva Dry. Chartering has always been a balancing act of relationships, instinct, and expertise. With artificial intelligence (AI) making waves in every industry, it’s fair to ask: could machines ever […]
Energy News Beat Avenir LNG Stolt-Nielsen has bought out Golar LNG’s stake in Avenir LNG for $40m. Commenting on the transaction, Udo Lange, CEO of Stolt-Nielsen, said: “This strategic move not only strengthens our position in the LNG sector but also underscores our commitment to pursuing more sustainable energy solutions for the maritime, industrial, and […]
Energy News Beat EuropeShipyards Harland & Wolff Spain’s Navantia has completed its buy-out of the UK’s Harland & Wolff, securing jobs at four yards in Northern Ireland, England and Scotland. “By combining Harland & Wolff’s proud heritage and facilities with Navantia’s global expertise in defence, maritime and renewable energy, we are creating an exceptional platform […]
Energy News Beat Ports and Logistics NSW Ports DP World and NSW Ports are co-investing A$400m ($250m) to extend the rail terminal at Port Botany in Sydney to double capacity to more than 1m teu per year. The project – which will start on site in June and take two years to compete – comprises […]
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.
