Contracts

Areva to Explore Bringing in Chinese Investors

  Areva will seek partnerships with Chinese energy companies that could see them take stakes in the French nuclear reactor maker in an upcoming multi-billion euro capital increase,

Ross is Fleet Manager, Heidmar

  Heidmar announced the promotion of Duncan Ross to Fleet Manager. Duncan joined Heidmar’s London office in 2012 as vessel manager.  Prior to joining Heidmar,

Eletrobras to Cut Investments by 17.3%

  Brazil's state-run power company Centrais Eletricas Brasileiras SA said on Friday it plans to invest 50.3 billion reais from 2015 to 2019, a 17.3 percent reduction

Mexican Crude Oil Output Up in June

  Mexican crude oil output in June rose nearly 1 percent from the previous month, while June crude exports slid 6 percent, national oil company Pemex said on Friday.

Fugro Wins BG Honduras Contract

  Fugro has been awarded a contract by BG International Limited Sucursal Honduras to conduct an integrated multibeam echosounder survey and seabed coring campaign

Diana Shipping Nets 2Q Loss

  Diana Shipping Inc. today reported a net loss of $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.

Ecuador Inks Supply Deal with Thailand

Ecuador's state oil company Petroecuador has signed a crude oil supply agreement with a division of Thailand's state-run PTT under which the Andean country will receive a $2.

U.S. Nuclear Operators Look to Save Plants

The U.S. nuclear industry has made a last-minute push to urge the Obama administration to protect the country's 100 nuclear units in its forthcoming carbon rule

Tumbling Prices Slam Profit at Exxon Mobil, Chevron

Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June,

Petrobras Recovering $1.76 bln in Graft Losses

Brazil's state-led oil company Petroleo Brasileiro SA plans to recover $1.76 billion or more lost to a price-fixing, bribery and political kickback scheme, Chief

Enbridge Mulls M&A in Gas, Power Generation

Enbridge Inc, Canada's largest pipeline operator, is considering natural gas and power generation acquisitions to help boost the diversity of its asset base, the company's CEO said on Friday.

OPEC Output Hits New High in Market Share Push

OPEC oil output reached the highest monthly level in recent history in July, a Reuters survey found on Friday, as Saudi Arabia and other key members show no sign

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc.

MRS Oil H1 Profit Plunges

Nigeria's MRS Oil reported an 86.1 percent decline in first-half pretax profit to 64.5 million naira, the fuel retailer said on Friday. Revenue fell to 36.98

MHI: Notice of Absorption-Type Split Agreements

MHI gives Notice Regarding Conclusion of Absorption-type Split Agreements Relating to Transfer of Ship Construction and Hull Block Manufacture Businesses to Two

Sinopec Restructures Overseas Unit

BEIJING, July 31 (Reuters) - Chinese energy giant, Sinopec Group, is relocating nearly 40 percent of its staff in its global exploration and production unit back to its headquarters,

Imperial Oil's Profit Disappoints on Weak Prices

Imperial Oil Ltd , Canada's No.2 integrated oil producer and refiner, reported a lower-than-expected quarterly profit, hurt by the slump in crude prices. Global

First LNG Deal on Japan's OTC Exchange

The first liquefied natural gas (LNG) non-deliverable forward deal has been struck on Japan's over-the-counter market, the Japan OTC Exchange said on Friday, nearly

Afrens Putting Company into Administration

Oil producer Afren Plc said its board has decided to put the company into administration after failing to secure support for a refinancing and restructuring plan.

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