Energy News Beat Canadian Coast Guard Thirteen days on from its grounding off Newfoundland, salvors are struggling to work out how to remove the MSC Baltic III from the icy, stormy shoreline near Lark Harbour. With reports emerging of a hull breach, and the ship carrying 1,710 tonnes of heavy fuel oil, local media is […]
Energy News Beat As the week comes to an end there’s signs that the dry bulk markets – led by capes – are picking up finally. Will this mini-revival be sustainable all the way through to the end of April when Geneva Dry, the global dry bulk summit, returns for its second edition? Alexis Ellender, […]
Energy News Beat AmericasOffshore Karoon Australian oil and gas player Karoon Energy has bought the Cidade de Itajaí FPSO for $115m from Altera & Ocyan, the joint venture formed by the Brazilian company Ocyan and Altera Infrastructure. The FPSO was bought by Karoon’s wholly-owned Brazilian subsidiary Karoon Petróleo & Gás. The deal also includes approximately […]
Energy News Beat AmericasOperations While much of the world is pushing back from carrying live animals by sea, one South American nation is gearing up to return to the livestock trades after a 52-year absence. Argentina has repealed a 1973 ban on livestock exports saying the decision was based the Javier Milii-led government policy to […]
Energy News Beat The European Union has unveiled its Clean Industrial Deal that will prioritise the domestic production of renewable fuels for aviation and shipping, among a host of measures worth more than EUR100bn designed to green many industry sectors. “The EU needs to secure access to such materials and reduce dependence on unreliable suppliers. […]
Energy News Beat EuropeOffshore Golden Energy Offshore Norway’s Golden Energy Offshore Services (GEOS) has won a batch of deals for three of its vessels with unnamed international majors. GEOS said in an Oslo Bors filing that it secured a firm deal for the 2019-built multipurpose support vessel (MPSV) Energy Dutchess until September 1, 2025, with […]
Energy News Beat AsiaGas BW LPG VLGC owner and operator BW LPG is adding another modern gas carrier to its owned fleet. The dual-listed unit of Singapore’s BW Group has exercised a purchase option on the 2020-built BW Yushi for around $70m. The vessel, estimated by Veson Nautical’s pricing platform VesselsValue at $96.5m, will be […]
Energy News Beat The second enlarged edition of Geneva Dry is just 60 days away with close to 200 companies signing up to attend the world’s premier commodities shipping summit. The global dry bulk event is on track to surpass last year’s 600 delegates figure and can report 53 brands have signed on as sponsors […]
Energy News Beat EPS Singapore-based Eastern Pacific Shipping (EPS) and SPDB Financial Leasing, the leasing arm of Shanghai Pudong Development Bank, have signed a financing agreement for two newbuild LNG dual-fuel neopanamax containerships. The agreement strengthens the longstanding collaboration between the two companies. Looking ahead, the two firms will look to develop more green, energy-efficient, […]
Energy News Beat Daily Standup Top Stories Trafigura: Iran Sanctions Are Biggest Bullish Catalyst On Oil Prices February 26, 2025 Clark Savage Trafigura Head of Trading: U.S. foreign policy vis-a-vis Iran is the main upside risk for oil. Last year, Trump pledged in his Republican National Convention speech to dramatically lower Iranian oil exports. On Tuesday, […]
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.
