Energy News Beat Public comments continue to fly into the US Trade Representative (USTR) ahead of Monday’s hearing into controversial plans to tax Chinese-built tonnage calling at US ports. In the more than 150 submissions sent in, a considerable number have hit out at the unfair, blanket nature of the penalties for container shipping in […]
Energy News Beat AmericasOffshore Petrobras Oilfield services giant Baker Hughes has signed a deal with Brazilian oil and gas major Petrobras to provide fully integrated completion systems as well as an agreement for a definitive solution for stress corrosion cracking due to CO2 in flexible pipe systems. The multi-year contract award for completion systems follows […]
Energy News Beat EuropeOffshore Teekay Aberdeen-headquartered Amplus Energy has hired V.Ships Offshore to oversee the transition of the recently acquired Petrojarl I FPSO. Altera Infrastructure sold the FPSO unit to Amplus last month. Described as the most deployed FPSO in history, the 1986-built vessel’s last charter was with Enauta at the Atlanta field in Brazil’s Santos Basin. The […]
Energy News Beat Wisdom Marine Taiwanese shipowner and operator Wisdom Marine is adding more Japanese handysize bulkers to its orderbook. In a regulatory filing, the Taipei-based company said it would pay up to $70.75m for a pair of 39,000 dwt units to be built at Naikai Zosen. The country’s largest dry bulk shipowner has a […]
Energy News Beat Wikipedia Over 5,000 vessels – equivalent to 14.5% of the global merchant fleet – operate under registries with less than 10% ratification of International Maritime Organization and the International Labour Organization conventions, increasing exposure to enforcement actions, according to new data from analytics firm Kpler. “Flag risks are increasingly shaping maritime due […]
Energy News Beat AmericasPorts and Logistics NTSB The one-year anniversary since 2024’s most high-profile ship accident is next week, and the fallout from the Dali containership’s destruction of a bridge in Baltimore continues to permeate throughout the US. In the early hours of March 26 last year, the Dali lost power after leaving the port […]
Energy News Beat IRISL Lab Dookhtegan, a hacker group, has claimed this week it has disrupted the communication networks of 116 ships belonging to Iran’s top two shipping firms. “In an unprecedented move, we successfully disrupted the communication network of two Iranian companies that, among various terrorist activities, are responsible for supplying munitions to Houthis,” […]
Energy News Beat The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated a so-called teapot oil refinery in Shasndong, China and its chief executive officer for purchasing and refining hundreds of millions of dollars’ worth of Iranian crude oil, including from vessels linked to the Houthis, and the Iranian Ministry […]
Energy News Beat Shipping and trading firms need to think differently to achieve robust risk governance, writes Thomas Zaidman, managing director of Sagitta Marine. The past decade has been a rollercoaster for commodity markets with extreme swings in freight rates to geopolitical shocks affecting supply global chains. Volatility is a fact of life in the […]
Energy News Beat Austin, Oakland, San Francisco, Detroit, New Orleans, Jacksonville, Denver, Portland, Seattle, Mesa. Tampa is almost there, as are other markets. By Wolf Richter for WOLF STREET. Here are 10 big cities where condo prices have dropped by 10% to 22% from their respective peaks. Most of those peaks were in mid-2022. They’re examples of home […]
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.
