Shift in Saudi oil thinking deepens OPEC split

Saudis no longer targetting oil prices. As OPEC officials gathered this week to formulate a long-term strategy, few in the room expected the discussions would end without a clash.

Oil Falls on Investor Profit Taking

Brent set for biggest weekly loss in nearly four months. Oil prices fell on Friday as investors cashed in on a 20-percent rise over the past month, outweighing

Ships Idled as Greeks Strike Again

Policy reforms required to meet bailout terms; parliament expected to measures on May 8. Greeks started a 48-hour nationwide strike on Friday in anger at tax

Kremlin: Output Talks Should Start Anew

Negotiations between leading oil producers on possible production curbs, aimed at propping up weak oil prices, should broadly be restarted from scratch, a Kremlin spokesman said on Friday.

Evergreen Holding Group May Miss Bond Payment

Evergreen Holding Group, an unlisted company that specialises in building boats, issued a warning on Friday that it may have trouble making coupon and interest payments on a bond maturing on May 15.

Maersk Drilling Profit Up

Facts about the Q1 2016 performance: Profit of USD 222m (USD 168m) ROIC was 11.2% (8.5 %) Operational uptime averaged 97% (97%) Maersk Drilling delivered

Norwegian Cruise Line, EMC Ink Internet Deal

EMC has entered a long-term strategic agreement with Norwegian Cruise Line Holdings to deliver a faster Internet experience and premium entertainment over satellite

McDermott Wins Contract in Arabian Gulf

 McDermott International Inc. received three separate engineering, procurement, construction, and installation (EPCI) projects in multiple Arabian Gulf fields.   The

Ensco Lost 2 Petrobras Contracts

 Ensco Plc has concluded discussions with Petrobras regarding revised commercial terms with respect to some rig contracts.   Ensco 6003 and Ensco 6004 had their contracts terminated effective May 1,

National Bank of Canada's Q2 Energy Loan Set Asides Soar

May 5 (Reuters) - National Bank of Canada estimated that it would set aside C$250 million ($195 million), before taxes, in the quarter ended April to cover bad loans to the oil and gas industry.

Apache's Q1 Loss Narrows

Oil and gas producer Apache Corp reported a much smaller quarterly loss compared with a year earlier, when the company took a near $5 billion asset impairment charge.

Chesapeake Energy Trims Losses, Sheds Some Assets

Chesapeake Energy Corp, the second-largest U.S. natural gas producer, reported a smaller quarterly loss and said it had struck a $470 million deal with Newfield

Asia Dry Bulk-Capesize Rates Under Pressure

Capesize rates fall in a quiet market as holidays weigh; 20 charter-free capesize ships could add to downward trend. Freight rates for large capesize dry cargo

Egypt to receive first LNG shipment from Rosneft in May

Egypt will receive the first of five agreed shipments of liquefied natural gas (LNG) from Russia's Rosneft this month, an official at the state gas board EGAS told Reuters on Thursday.

Oil Rallies on Canada Fire, Libya Violence

Fort McMurray evacuees told to head to oil sand camps; fighting in Libya escalates, disrupts supplies. A huge wildfire near Canada's oil sands region and escalating

Exxon Fends off Climate Change Charges, Plans Fuel Cell Venture

Exxon Mobil Corp, which has been fighting accusations it misled investors and the public for years about the risks of climate change, said on Thursday it will expand

DNV GL 7 JIPs in North America

In a concerted drive to find smart solutions to safely reduce complexities and cost in the North American oil and gas industry, DNV GL is leading seven new joint

$280m Deal for Pacific Patrol Boats Replacement

The Turnbull Government today signed a contract with Austal Ships Pty Ltd to build and sustain up to 21 steel-hulled vessels to replace the existing fleet of Pacific

ABS Wins Certification Contract for Hornsea Wind Farm

ABS Group Ltd., headquartered in England and a subsidiary of ABS Group of Companies, Inc., has received a contract to provide project certification services from

Skandi Paraty Delivered and On-hire

Skandi Paraty, owned by Norskan Offshore Ltda, has been delivered from the yard and went on-hire on a four years contract with Petrobras.   Skandi Paraty is an AHTS,

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