Energy News Beat Daily Standup Top Stories How a Chinese AI Startup Just Shook the Tech Market Amid Security Concerns January 28, 2025 Clark Savage January 27, 2025 – The tech landscape was rocked today as shares of several major U.S. tech companies plummeted due to the introduction of DeepSeek, a Chinese AI startup whose chatbot rivals […]
Energy News Beat Tankers The global crude tanker fleet is getting older and older. You’d have to go all the way back to the year 1988 to find the time when there were fewer crude tanker newbuild deliveries than last year. In 2024, new crude oil tanker deliveries dropped to a 36-year low as only […]
Energy News Beat The container shipping freight market has felt like a game of snakes and ladders since the pandemic. Shippers negotiate the trade board, hoping to make steady progress. Sometimes the rates they pay climb exponentially up a ladder for a while, for instance when the pandemic and the Red Sea crisis caused elevated […]
Energy News Beat For those born in the Year of the Ox, such as 1949, the year that Chairman Mao declared the Chinese republic, the coming Year of the Snake is forecast to be a year of stability and productivity. President Xi would presumably settle for that. The dry bulk freight market however has been […]
Energy News Beat You can take your pick of a wide variety of opinions about what Trump 2.0 will do to the global oil markets, but it’s a safe bet that nearly all those opinions amount to one effect: disruption. The US president has already dropped a heavy hint to Saudi Arabia to produce more […]
Energy News Beat The Houthis of Yemen rowed back from attacking merchant shipping following January 19’s historic ceasefire agreement between Israel and Hamas, potentially bringing an end to the 14-month-long Red Sea shipping crisis. The Houthis said so long as the ceasefire remains in place, international merchant ships may now transit the Red Sea. However, […]
Energy News Beat One of the favourite parts of my job is compiling Splash Extra’s monthly review – a chance to assess concisely what were the biggest stories of the past few weeks and to place them in context and level of importance. In the six years – and 73 monthly reviews neatly composed – […]
Energy News Beat As shipping slithers somewhat apprehensively into the Year of the Snake, analysts reckon tankers – whether hauling gas or oil – are best placed to see an uptick in fortunes. The Lunar New Year is not starting too well with many sectors struggling to break even in January. The cross-sector ClarkSea Index, […]
Energy News Beat GasMiddle East Petredec Bahri and Petredec have agreed to form a strategic partnership aimed at addressing Saudi Arabia’s increasing LPG and ammonia shipping demands. The two companies will establish a dedicated joint commercial team. Bahri already controls a 40% shareholding in Petredec. Ahmed Ali Al Subaey, CEO of Bahri, Saudi’s top shipping […]
Energy News Beat Lunar New Year comes early this year. The biggest festival in the Chinese calendar sets its date by the first new moon of the lunar calendar and this year, that’s at the end of January. With the passing of the Year of the Dragon, we now enter the Year of the Snake. […]
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.
