Contracts

Trelleborg Wins Floatover Installation Contract for BorWin3

Trelleborg’s engineered products operation announced it has been awarded a contract by the Siemens/Petrofac consortium for its first floatover installation of an

Cyprus: Statoil, Exxon, ENI, Total Mulling Offshore Gas

Cyprus received expressions of interest from ENI, Total, Statoil, Exxon Mobil, Qatar Petroleum, and Cairn in a licensing round for offshore hydrocarbon blocks which lapsed last week,

Japan's Itochu Attacked by short-seller Glaucus

Glaucus questions how Itochu's classifies some investments. Japan's Itochu Corp became the target of short-seller Glaucus Research Group on Wednesday with a

Coal Surges Past $50 as Crude Prices Sag

Both coal and oil rallied from over 10-year lows in early 2016, but coal, oil have diverged since June. Coal prices in 2016 have regained their footing above the psychological threshold of $50,

Oil hits Three-month Low

Brent on track for first monthly loss since January; weekly U.S. crude stocks fall less than expected. Oil prices fell close to three-month lows on Wednesday after U.

Norfolk Southern Profit Dips on Falling Freight Volume

Norfolk Southern Corp, the No. 4 U.S. railroad, on Wednesday reported a higher quarterly net profit, citing a 7 percent drop in freight volumes led by a precipitous decline in coal.

Eni, Saipem to Stand Trial in Algeria Corruption Case

Italian oil company Eni and oil service group Saipem have been ordered to stand trial by an Italian judge in an Algerian corruption case, judicial sources said on Wednesday.

Hess Trims Q2 Loss, Cuts Budget

U.S. oil producer Hess Corp reported a smaller quarterly loss, helped by its efforts to keep costs low, and the company further cut its exploration and production budget for the year.

DP World to Develop Kaohsiung Port's Terminal 7

Global trade enabler DP World and the state run Taiwan International Ports Corporation (TIPC), have signed a Memorandum of Understanding (MoU) for the development

Technip Bags Woodside's Subsea Contract

Technip has been awarded a large(1) subsea contract by Woodside to support the development of the Greater Enfield Project offshore Western Australia, at a water

LNG-fueled Bulker Ordered from Korea

Hyundai Mipo Dockyard (HMD) has signed a contract to build a 50,000 dwt bulk carrier with ILSHIN LOGISTICS. The project is a collaboration between POSCO and ILSHIN

Broad Declines drag Baltic Index down

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday on lower rates for capesize, panamax and supramax vessels.

BP Q2 Profit Disappoints on Weak Margins, Crude Price

British oil major BP reported lower-than-expected profit for the second quarter due to weak refining margins and oil prices, prompting another cut to its 2016 investment budget to below $17 billion.

John Kemp asks: Why Haven't Oil Prices Fallen Further

Hedge funds and other money managers have begun to amass another large short position in futures and options contracts linked to the price of crude oil. But

BP Pursues New Projects Despite Profit Miss

BP could sign off on three more projects this year. BP will forge ahead with at least three more new projects this year, its CEO said, despite the British oil

Oil Nears $44, Lowest since May

Brent falls to $44.25 intraday, lowest since May 10; BP CEO says oil stocks will take 18 months to work off. Oil on Tuesday hit its lowest since May, falling towards $44 a barrel,

MOL Makes Fleet-wide Migration to Fleet Xpress

Fleet Xpress will deliver data intelligence to drive smarter and greener shipping operations   26 July 2016: Inmarsat (LSE:ISAT.L), the leading provider of global

Bangladesh LNG Terminal Edges Closer

Excelerate Energy L.P. (“Excelerate”), Petrobangla, and the Government of Bangladesh executed the Terminal Use Agreement (“TUA”) and the Implementation Agreement

Damen Fishery Research Vessel for Angola

The Damen Shipyards Group has received an order for a state-of-the-art, 74 m Fishery Research Vessel from the Angolan Ministry of Fisheries. This special vessel,

EDF Trading Names European Gas Trading Chief

EDF Trading, a subsidiary of French energy company EDF, has hired David Brookes as its new head of European gas trading, a spokeswoman for the firm told Reuters.

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