Energy News Beat Suezmax specialist Nordic American Tankers (NAT) is adding a leased vessel to its owned fleet and shipping out one of its oldest tankers. The New York-listed company said it had declared a purchase option on an unnamed 2018-built vessel “on favourable terms from a close financing partner”. NAT has three 2018 Samsung-built […]
Energy News Beat After 14 months and three days in captivity, the crew of the Galaxy Leader car carrier was released on Wednesday. The vessel’s crew, made up of 25 nationals from Bulgaria, Ukraine, the Philippines, Mexico and Romania, was captured on November 19, 2023, when armed Houthis stormed the ship via helicopter. This started the […]
Energy News Beat A new report from UCL’s Energy Institute Shipping and Oceans Research Group assesses the financial risks to the shipping industry from stranded assets due to stricter greenhouse gas regulations, possibly due for adoption at the International Maritime Organization (IMO) this year, in combination with the ongoing global transition to a low-carbon energy […]
Energy News Beat France’s CMA CGM is being widely tipped as the European owner mentioned in a release today by HD Hyundai Heavy Industries behind the biggest ship orders in the year to date. Splash understands CMA CGM has contracted the Korean shipyard to build twelve 18,000 teu LNG dual-fuel containerships valued at KRW3.716trn ($2.58bn). […]
Energy News Beat BERLIN – Germany’s usually hawkish central bank President, Joachim Nagel, is getting more serious about reforming the country’s constitutional deficit rule, pushing beyond technical changes. Germany’s strict rule for new borrowing, enshrined in the constitution, has been a major political point of controversy over the last few years. The rule, known […]
Energy News Beat Larry Fink says there is momentum towards the institutional adoption of the crypto currency Bitcoin could reach an astonishing $700,000 if institutional investors allocate between 2% and 5% of their portfolios to the cryptocurrency, Larry Fink, the head of BlackRock, the world’s largest asset management firm, has predicted. The digital coin […]
Energy News Beat The Foreign Ministry has confirmed plans to expand its diplomatic presence in Niger, Sierra Leone, and South Sudan Moscow is set to expand its diplomatic presence in Africa with the establishment of embassies in Niger, Sierra Leone, and South Sudan, Russian Foreign Ministry spokeswoman Maria Zakharova announced during a briefing on […]
Energy News Beat Donald Trump has returned to the White House as President of the United States. A new chapter in history begins and the world is bracing for another four years of his signature unpredictability. But what can we expect this time around? In 2017, the billionaire entered the presidency as a political outsider, […]
Energy News Beat The US president has said his predecessor was misled by his aides, particularly on issues such as Ukraine and Israel The incompetence of former US President Joe Biden’s advisers was one of the reasons why the situations around Ukraine and Israel escalated, Donald Trump has claimed in an interview with Fox News […]
Energy News Beat Marco Rubio’s upcoming trip to Panama reportedly comes as President Trump has threatened to reclaim the canal Marco Rubio is set to visit Panama on his first international trip as US secretary of state, according to Politico. The visit could come as early as next week and follows President Donald Trump’s […]
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.
