Energy News Beat MOL Japan’s largest shipowner has teamed up with a top yard and tech firm Furukawa Electric to trial a laser system to remove rust and coatings from a bulk carrier. Mitsui OSK Lines (MOL) worked with Tsuneishi Shipbuilding to use Furukawa’s InfraLaser system when a bulk carrier went in for a regular […]
Energy News Beat Operations Hapag-Lloyd Retaining seafarers has improved slightly over the past year, thanks in part to salary raises, the annual Crew Managers’ Survey by Danica Crewing Specialists has revealed. In its survey of in-house crew managers in shipowning and shipmanagement companies, almost 90% reported that they had increased salaries in 2024. Only 7% […]
Energy News Beat Kpler Spire Global is suing Kpler, claiming the Belgian tech firm has failed to follow through on its plans to buy Spire Maritime, an AIS data provider. On November 13 last year, Spire Global entered into a share purchase agreement with Kpler to sell its maritime business. Since then, however, Kpler has […]
Energy News Beat Ahead of a big green meeting at the International Maritime Organization next week, John Maggs from the Clean Shipping Coalition writes on how getting a global fuel standard and levy over the line will set us up for the future. The international shipping sector provides an outsized and growing contribution to the […]
Energy News Beat By Wolf Richter for WOLF STREET. The summary could go something like this in terms of the past three years: More workers (employment +7.79 million, or +5.0%, BLS data), earning more money (average hourly earnings +13.4%), boosted total disposable income (+20%, BEA data). And over these three years, these workers added to their debts but […]
Energy News Beat Assisting Kiev’s war effort without US support will be a blow to the bloc’s budget, Bloomberg economists have warned The EU is facing extra costs of $3.1 trillion over the next decade if it wants to support Ukraine while member states build up their own militaries in the absence of US assistance, […]
Energy News Beat By Wolf Richter for WOLF STREET. As has been the case for many months, today’s Producer Price Index for January included big up-revisions of the prior month, driven by a whopper up-revision for services which account for two-thirds of the overall PPI. On top of these upwardly revised December figures, the PPI rose further in […]
Energy News Beat Despite soaring solar and wind power installations, China launched construction of as many as 94.5 gigawatts (GW) of new coal power projects in 2024, the highest level since 2015, new research showed on Thursday. China also approved 66.7 GW of new coal-fired power capacity in 2024, as approvals picked up in the second half […]
Energy News Beat Golar announced the sale of the 2003-built steam turbine LNG carrier, Golar Arctic, in a statement on Thursday, but the firm did not reveal the buyer. The sale price for the vessel is $24 million before transaction-related expenses. Golar said the LNG carrier is unencumbered. Moreover, the transaction is expected to close, […]
Energy News Beat Trump froze billions in renewable energy funding, sparking opposition in rural districts and legal battles over local control of renewable projects. President Donald Trump last month froze billions of dollars the Biden-Harris administration was pouring out to renewable energy projects. [emphasis, links added] Despite the widespread claim that wind and solar power […]
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.
