Energy News Beat Lila Global has arranged to scrap a 25-year-old capesize vessel, making it the second reported cape to head to the breakers this year. In January, NYK Bulkship Korea scrapped the 27-year-old Lady Cedros, beached at Alang, India. After Russia attacked Ukraine, buyers rescued a string of vintage ships from demolition, vessels sold at record […]
Energy News Beat Japanese shipowner Mitsui OSK Lines (MOL) is buying LBC Tank Terminals, one of the world’s largest independent tank terminal operators primarily handling and storing chemicals in Europe and the US. The acquisition of the Dutch firm will cost $1.72bn with the closing of the transaction subject to obtaining permits and approvals from […]
Energy News Beat The Houthis in Yemen issued an ultimatum to Israel on Friday, repeating it yesterday. Unless Israel resumes shipments of humanitarian aid into Gaza by Tuesday, the Houthis will resume attacks on ships. “If the Israeli enemy continues after the first four days to prevent the entry of aid into the Gaza Strip […]
Energy News Beat EnvironmentOperations Ocean-going merchant ships are moving slower than ever. Average speeds across the deep sea cargo fleet in the first quarter this year are at a new low, according to data from Clarksons Research. Certain sectors that have been struggling commercially in the opening months of the year are going especially sedately […]
Energy News Beat Andrew Craig-Bennett calls for new requirements before going to sea. The need to recruit cadets is constant and many, but certainly not all, ship managers and ship owners have cadet recruitment and training programmes. I hear rather often from friends at sea that they are concerned about the education that their cadets […]
Energy News Beat Xingtong Shipping Chinese chemical tanker player Xingtong Shipping has contracted four stainless steel newbuilds at Taizhou Kouan Shipbuilding. The Shanghai-listed company said its subsidiaries are paying $91.5m in total, excluding tax, for two 13,000 dwt and two 13,800 dwt vessels. Set up in 1997, Xingtong controls a fleet of 45 vessels comprising […]
Energy News Beat Many people are curious about the Trump administration’s plans to refill the Strategic Petroleum Reserve (SPR) that was so callously abused by whomever was making decisions in the Biden administration, which drew this national security tool down to depleted levels not seen in more than 40 years. Created in the early ‘70s […]
Energy News Beat ENB Pub note: Interesting from Bloomberg. Also, we need to look at how much oil California potentially still imports from Iran. The official list of imported oil in California is: “According to the California Energy Commission, in 2020 (the most recent detailed foreign source data available), the state imported approximately 60% of […]
Energy News Beat ENB Pub Note: This will be a story to watch. When you ask Grok on X who will be affected, the response is; “The 25% electricity tariff from Ontario hits 1.5 million homes in Michigan, New York, and Minnesota. It’s a retaliation move against U.S. tariffs, and despite Trump’s suspension of some […]
Energy News Beat According to our Natural Gas Annual Respondent Query System, 1,653 natural gas delivery companies delivered natural gas to end-use customers in 2023 in the United States. A delivery company is defined as any entity that delivers natural gas directly to end users. Natural gas deliveries by pipeline companies to the electric power sector […]
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.
