Energy News Beat Nortrans Singapore-based Nortrans Offshore has been awarded a contract with Italian giant Saipem for work on the Jansz-Io compression project offshore Western Australia. As part of this project, the company took the 200-person flotel Belait CSS 1 on a long-term bareboat charter. This is the flotel’s first project with Nortrans which is […]
Energy News Beat EuropeOffshore Prosafe Oslo-listed semisub accommodation vessel owner Prosafe has signed a deal to sell one of its flotels for recycling. Prosafe said that it would be recycling its 1984-built, anchor-moored semi-submersible tender support and accommodation vessel Safe Scandinavia. The vessel is presently located in Norway and has been in cold layup for […]
Energy News Beat Seanergy US-listed Greek capesize bulker specialist Seanergy Maritime has entered into sale and leaseback agreements with a Chinese financier for two of its vessels. The Stamatis Tsantanis-led company revealed in its annual report that the 2009-built Friendship and the 2010-built Squireship had been sold to China Huarong Shipping Financial Leasing, thereby refinancing […]
Energy News Beat Norwegian Offshore Wind The United States’ shift in offshore wind policy is set to create a potential global installation shortfall of 26GW by 2035 as a result, according to TGS’ latest report. The company said in its Quarterly Market Overview Report that the withdrawal of a major market like the US has […]
Energy News Beat LS Cable South Korea-based electrical cable provider LS Cable & System has announced that it will be expanding its presence in the offshore wind market through several of its subsidiaries. The company said that Gaon Cable, LS Eco Energy, LS Materials, and LS Marine Solution will further strengthen its competitiveness across the […]
Energy News Beat EuropeOffshore Odfjell Drilling Ørjan Lunde is stepping down as CEO of Norwegian shipowner Kristian Gerhard Jebsen Skipsrederi (KGJS) to return as chief financial officer at Odfjell Drilling, effective from September 1. Lunde was CFO at the drilling firm from 2019 to the start of 2024 when he moved to take the reins […]
Energy News Beat AsiaOperations ClassNK Hayato Suga has been promoted from senior vice president to become president and CEO of ClassNK, replacing Hiroaki Sakashita who becomes chairman of the Japanese classification society. Suga commented: “The business environment is changing rapidly, with boundaries between industries becoming increasingly blurred due to environmental challenges and digital transformation. In […]
Energy News Beat AsiaGas MOL IHI Corporation, Hokkaido Electric Power, Mitsubishi Gas Chemical Company, Mizuho Bank, Tokyo Century Corporation and shipowner Mitsui OSK Lines (MOL) have signed a memorandum of understanding (MoU) to explore investment opportunities in a green ammonia production project currently under development in India. In the project, a new green ammonia production […]
Energy News Beat States and localities are using lawsuits to shape national energy policy by targeting companies the federal government wants to see prosper. Throughout the presidential campaign, Donald Trump made no secret about his priority of bringing back domestic energy production. [emphasis, links added] So, in a surprise to no one, on his first […]
Energy News Beat The ‘Social Cost of Carbon’ shouldn’t have been set so high by Biden’s EPA, because plants do just fine with more carbon and warmer temperatures. One of the major issues I have had with “climate change” reporting is that articles portray carbon dioxide (CO2) as “toxic”. [emphasis, links added] This assertion is […]
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.
