Energy News Beat SBM Offshore ExxonMobil Guyana, the local arm of US supermajor ExxonMobil, has acquired the FPSO Liza Destiny from Dutch floater expert SBM Offshore. ExxonMobil bought the FPSO ahead of the maximum lease term which would have expired in December 2029. The purchase allows the US supermajor to assume ownership of the unit […]
Energy News Beat EuropeOffshore Vår Energi Norway’s Aker Solutions has signed a contract for maintenance and modification services on Vår Energi’s Jotun, Balder, and Ringhorne assets in the southern area of the Norwegian Continental Shelf. The five-year agreement includes an option for Vår Energi to extend the contract by up to three additional two-year periods. […]
Energy News Beat Brian Kushner/Marine Traffic Cyprus-based shipowner Castor Maritime has announced its second containership sale. The Nasdaq-listed company is offloading the 2005-built 2,700 teu Gabriela A for $19.3m at a net gain of $0.8m. Castor picked up the German-built boxship, with charter attached, in a family-related deal from Ismini Panagiotidi-controlled Pavimar Shipping for $25.38m […]
Energy News Beat Belships US asset management firm EnTrust Global is set to launch a voluntary cash tender offer to take over Norwegian bulker owner Belships. Blue Northern, a special purpose vehicle formed by funds managed by the Blue Ocean maritime investment team at EnTrust, will offer NOK20.50 per share in cash for all issued […]
Energy News Beat OperationsPorts and Logistics Qube Strikes at major Australian ports are set to continue in an ongoing dispute between unionised workers and Qube Ports over contract negotiations. Work stoppages will take place in Adelaide, Brisbane, Darwin, Gladstone, Melbourne, and Port Kembla. On Monday, union members went on strike at 10 ports around the […]
Energy News Beat Dry CargoGreater China COSCO Shipping COSCO Shipping is pressing ahead with its massive newbuilding programme in the dry bulk segment. The Chinese state-owned shipping giant has partnered up with Everbright Financial Leasing for 10 kamsarmax newbuilds, which will be built at Jiangsu Hantong Ship Heavy Industry. Financial details and delivery dates for […]
Energy News Beat MarineTraffic / Benjamin Marfil Swedish police on Thursday boarded the Yi Peng 3, a 23-year-old panamax bulker owned by Ningbo Yipeng Shipping and linked to the severing of two data cables in the Baltic Sea after being invited by Chinese authorities. The vessel has been wanted for questioning by Sweden as the top […]
Energy News Beat Total Employment to be substantially revised higher early 2025 when the BLS incorporates these up-revisions into its household survey employment data. By Wolf Richter for WOLF STREET. The Census Bureau released its updated population estimates with data through July 2024 today, which corrected its vastly underestimated figure of immigrants for the past few years. The […]
Energy News Beat Existing home sales rise from multi-decade rock-bottom, still -34% from 2021, -22% from 2019. Supply highest for November since 2018, days on market highest since 2019. By Wolf Richter for WOLF STREET. Sales of existing single-family houses, townhouses, condos, and co-ops that closed in November fell to 315,000 homes, according to data from the National […]
Energy News Beat [[{“value”:” When a solar energy developer approached Halifax County, North Carolina, in the early 2010s about renting its former airfield in Roanoke Rapids, community leaders had a condition. “If they were willing to lease this land for the very first solar project in the area, the county needed to get something back […]
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.
