Energy News Beat Ocean Winds Ocean Winds, a joint venture between France’s Engie and Portuguese electric utilities company EDP, has been granted an electricity business license for its Hanbando wind farm off South Korea. The 1,125MW bottom-fixed project is located in the exclusive economic zone off Incheon. The license grants the project exclusive development rights […]
Energy News Beat Transnet South Africa’s Transnet National Ports Authority (TNPA) is looking for an operator for a multipurpose terminal in Durban. The state-run ports and freight-rail operator has invited interested parties to submit proposals to design, develop, fund, build, operate, maintain, and transfer the terminal in the Maydon Wharf Precinct for a 25-year concession […]
Energy News Beat Daily Standup Top Stories Chris Wright Moves to Refill The Strategic Petroleum Reserve March 9, 2025 Clark Savage 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 […] […]
Energy News Beat OperationsTech Artificial Intelligence is seen by Splash readers as the technology having the most significant impact on maritime operations in the coming 10 years in an ongoing survey being carried out in association with Inmarsat. AI beat out other tech making plenty of shipping headlines such as blockchain, Big Data analytics and […]
Energy News Beat Shanghai Waigaoqiao Shipbuilding Greece’s Performance Shipping has secured financing for its third newbuilding in China through another sale and leaseback deal. The Nasdaq-listed tanker owner and operator of seven ships on the water and four on order is selling its LNG-ready scrubber-fitted LR2/aframax product and crude oil carrier to an unnamed counterparty […]
Energy News Beat GMG UK-based subsea cabling specialist Global Marine Group (GMG) has been acquired by Singapore’s Keppel Infrastructure Fund and a co-investor. The transaction, led by Keppel’s private investment vehicle will see 100% of GMG taken from J.F. Lehman & Company (JFLCO) for an undisclosed sum. JFLCO took over the business in 2020 for […]
Energy News Beat EuropeOffshore Dana Petroleum Aberdeen-headquartered oil player Dana Petroleum has terminated the agreement with NEO Energy for the acquisition of the Western Isles FPSO. Jersey Oil & Gas, NEO Energy’s partner in the Buchan Horst joint venture, said in a statement that the termination comes after the agreement reached its longstop date at […]
Energy News Beat Taiwan’s imports of liquefied natural gas (LNG) rose last month compared to February 2024, according to customs data. Preliminary data from the Directorate General of Customs shows that the country received 1.80 million tonnes of LNG in February. This is up by 34.8 percent year-on-year compared to 1.33 million mt in 2024. […]
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 […]
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.
