Energy News Beat Spot rates for LNG carriers are now at all-time lows, although some analysts believe the shipping sector is close to bottoming out. Citing an “overwhelming oversupply” of units competing for limited employment opportunities, Clarksons Research noted in its latest weekly report, published on Friday, that spot rates have fallen to new record […]
Energy News Beat NATO The Swedish Prosecution Authority has seized a ship suspected of damaging un underwater fiber optic cable linking Latvia and the Swedish island of Gotland yesterday, the latest in a series of undersea sabotage attacks plaguing the Baltic region. The ship in question this time is the 32,200 dwt, Maltese-flagged oil tanker […]
Energy News Beat Dry CargoGreater China Siemens Gamesa There has been a remarkable doubling of the amount of project cargoes leaving China on dry bulk carriers over the past year. Citing AIS satellite dry bulk carrier movement data from AXSMarine, Greece’s Ursa Shipbrokers has tallied that project cargo exports carried by dry bulk carriers from […]
Energy News Beat New Jiangzhou Shipbuilding German MPP specialist Candler Schiffahrt has bolstered its orderbook at China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry in a deal for two additional vessels. The Bremen-based company has contracted the 12,000 dwt brace for an undisclosed price tag following a deal for four newbuildings last March. Shipbuilding sources said […]
Energy News Beat SITC Chinese boxship player SITC International Holdings has exercised options at Huanghai Shipbuilding for two additional 1,800 teu vessels. The Hong Kong-listed shipowner is paying nearly $58m to lift the series at the compatriot yard to eight, with deliveries for the latest pair scheduled by October and December of 2027. SITC signed […]
Energy News Beat Havfram Norwegian offshore wind contractor Havfram has landed another construction project in Europe. The work, anticipated to last about one year, will be executed in 2029, utilising one of the company’s newbuild installation vessels, slated for delivery in the second half of 2025, Havfram said without disclosing further details. This marks the […]
Energy News Beat EuropeOffshore DeepOcean Norwegian offshore vessel owner Solstad Maritime has secured more work for its fleet with three vessels fixed to undisclosed clients. The company, which is expected to float on the Oslo Stock Exchange in the second quarter of this year, has landed a 135-day contract for the 2014-built construction support vessel […]
Energy News Beat ENB Pub Note: While President Trump’s remarks are around coal, he says, “Nothing can destroy coal. Not the weather, not a bomb. It’s a great backup.” The topic around the President’s policies and comments sheds light on the fact that low-cost energy is critical for economic success. Germany is finding out the […]
Energy News Beat Bogota must accept the “criminals they forced into the United States,” the US president has said US President Donald Trump has said that he will impose emergency tariffs on Colombia and sanction its officials after Colombian President Gustavo Petro refused to allow American planes carrying deported illegal immigrants to land in the […]
Energy News Beat In a sweeping move that halts billions in spending, President Trump’s administration has frozen the Department of Energy’s (DOE) activities pending a comprehensive review of its alignment with his priorities. According to a memo from acting Energy Secretary Ingrid Kolb, the freeze affects grants, loans, procurement, studies, and even personnel decisions, effectively […]
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.
