Australian Navy to Upgrade Survey Vessels

FarSounder, Inc. said it has been awarded a contract to provide four complete FarSounder-1000 systems plus spare parts for the upgrade of four Paluma class hydrographic

Mexico Approves Oil Auction Terms for Onshore Tender in 2017

Mexico's oil regulator on Tuesday approved auction terms and contracts for a dozen onshore oil and gas fields, to be bid out next year as part of a series of tenders

Iran to in Algeria OPEC meeting

Iran, OPEC's third largest producer, has confirmed it will participate in the upcoming OPEC meeting in Algeria next month, an OPEC source said on Tuesday. OPEC

Sasol boosts Lake Charles Project Price

Petrochemicals company Sasol Ltd on Tuesday raised the price tag of its U.S. ethane cracker project to $11 billion from $8.9 billion, in line with an estimate it flagged to the market in June.

Repsol's Yme Platform Removed from Offshore Norway

The topside of Repsol's faulty Yme oil platform was removed from the field offshore Norway on Monday, Swiss-based heavy-lift vessel owner Allseas said, a key hurdle

Oil Below $49 as Glut Outweighs Production Reduction Hopes

Brent's August rally fizzles outas U.S. crude inventories seen lower in weekly report. Oil fell below $49 a barrel on Tuesday, giving up part of August's strong rally,

China's Fuel Exports Dwarfed by Refiner's Cost for Crude

A surge in China's diesel exports last month to record levels is probably the last thing refiners in the rest of Asia wanted to hear, but they should probably worry more about rising crude oil prices.

BP to Shed $261 mln Castrol India stake

Castrol Ltd, a unit of oil major BP Plc, is selling an up to $261 million stake in Castrol India Ltd in a block trade on Wednesday, according to a termsheet seen by Reuters.

Nakilat Upgrades VSAT Service for LNG/LPG Fleet

Nakilat, the shipping arm of Qatar’s liquefied natural gas sector, has entered into a contract with Global Eagle Entertainment Inc.’s Emerging Markets Communications

Oil Surges on Reduced Short Positions: Kemp

Hedge funds executed one of the fastest U-turns on record this month as managers turned from super-bearish to cautiously bullish about the outlook for oil prices.

Iraq Exports more LPG, Condensate Cargoes

Iraq exported two new cargoes of liquefied petroleum gas and one cargo of gas condensates, the oil ministry said in a statement on Monday. The shipments were exported from the southern ports,

CIMIC sues Chevron over Gorgon LNG Dispute

Australian construction company CIMIC Group said on Monday it had started court proceedings in the United States against Chevron Corp and KBR Inc, seeking as much as A$1.

Anger in the Delta Keeps Nigerian Crude Offline

Splinter militant groups a hurdle to ceasefire talks. Oil companies and even Nigerian officials are losing faith in a deal anytime soon with militants who have slashed the nation's oil output,

Fred.Olsen Energy, Hyundai Settle Rig Dispute

Rig firm Fred. Olsen Energy and South Korean yard Hyundai Heavy Industries settle dispute over construction of semi-submersible rig Bollsta Dolphin. Shares in Fred.

NordLB to Shed Shipping Loans to KKR

German state-owned lender NordLB and KKR Credit said they had reached an agreement by which KKR Credit will acquire a $1.5 billion portfolio of shipping loans from

Oil Sags on China Fuel Exports, U.S. Rig Count

Refined product glut ongoing as China exports soar; U.S. drillers add rigs for eighth consecutive week. Oil prices fell nearly 3 percent on Monday as China ramped up exports of refined products, U.

APM Terminals JV Inks AP Solar Project Deal

APM Terminals Inland Services, South Asia has signed a contract with Mahindra Susten to provide exclusive Third Party Logistics (3PL) services in India for an upcoming

Vitol: Exxon Mobil Lacked 'transparency' During Torrance Outage

Swiss commodity trader Vitol SA criticized Exxon Mobil Corp this week for failing to be transparent about maintenance at its Los Angeles refinery following a February 2015 blast,

Enterprise Products Approached Williams over Acquisition

Enterprise Products Partners LP approached Williams Companies Inc earlier this summer about combining their businesses, two of the largest U.S. oil and gas pipeline operations,

Samsung Heavy Industries to Raise $985 mln via Rights Issue

South Korean shipbuilder Samsung Heavy Industries Co Ltd said on Friday its board of directors have approved a plan to raise about 1.1 trillion won ($985.22 million) via a rights issue.

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