Energy News Beat Port of Long Beach Shipping is reeling from what could be the most seismic decision to effect the industry yet in the opening weeks of Donald Trump’s second term in office. The American president will make a decision, likely in around a month’s time, on whether to carry out suggestions made by […]
Energy News Beat Megamas Malaysia’s Semarak Renewable Energy has formed a joint venture company with Singapore-based offshore service provider Megamas Resources to develop subsea cable vessels. The new joint venture company, to be named Semarak MIS, will develop high-tech and fuel-efficient vessels for the installation and maintenance of offshore energy cables and submarine fibre optic […]
Energy News Beat Sonangol Angola’s Sonangol is lining up suezmax crude tanker newbuildings in South Korea. Shipbuilding sources report the state-controlled oil company has returned to HD Hyundai Heavy Industries for a pair of scrubbed-fitted 158,000 dwt units. The deal, still at the letter of intent stage, is estimated to be worth about $190m, with […]
Energy News Beat BlueFloat Energy The chief executive officer and founder of Spanish offshore wind developer BlueFloat Energy has decided to step down from his role. BlueFloat CEO Carlos Martin Rivals revealed via social media that his time at the company has come to an end. “After careful thinking, I’ve concluded that it is the […]
Energy News Beat Shapoori Pallonji Brazil’s state-owned oil and gas giant Petrobras has cancelled a tender for chartering an FPSO for the Barracuda-Caratinga revitalization project. Initially, Petrobras started the contracting process for the FPSO back in the summer of 2023 but it suffered several setbacks and postponements due to a lack of sufficient interest from floater […]
Energy News Beat Wood UK consulting and engineering firm Wood has responded to recent media speculation regarding an approach from Dubai-based company Sidara for a possible offer for the entire issued and to be issued share capital of the company. Wood confirmed the reports on Tuesday and directed its shareholders to take no action concerning […]
Energy News Beat Panama Canal Authority The Panama Canal board of directors has approved funding for the construction of a new lake in the middle course of the Indio river watershed, a massive project designed to help ensure the waterway can combat droughts. For much of 2023 and last year, the canal was forced to […]
Energy News Beat EuropeTankers Prices are up for vintage VLCCs as brokers predict higher rates for ships trading outside the dark fleet. Prices for vintage VLCCs went down in January. Now, VLCC pricing is firming again for reputable sales candidates, and a whopping $10m spread can be spotted in the latest sales filling up broking […]
Energy News Beat AsiaBunkering An approval in principle (AiP) certificate has been granted for an ammonia fuelled ammonia bunkering vessel. The project has been led by Japanese shipowner Nippon Yusen Kaisha (NYK) along with Singaporean shipyard group Seatrium and its design subsidiary LMG Marin. The design will now be submitted to the Maritime and Port […]
Energy News Beat Regulatory BSM Shipmanagers have expressed concerns in connection with the International Maritime Organization’s future net-zero framework and have suggested changes which they believe would make the proposals more effective. Acting on behalf of the global shipmanagement sector, InterManager, the international association for shipmanagers, has submitted a proposal to the next meeting of […]
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.
