Finance

Eni: No Problems in Nigeria

Italian oil company Eni is not experiencing any major production problems in Nigeria, the CEO said on Thursday. "The situation is fairly normal, there are no problems,

Aramco Offers Rare 1.5 pct Gasoil Cargo

Aramco Trading, the trading arm of oil producer Saudi Aramco, has offered a rare gasoil cargo with a 1.5 percent sulphur content for June lifting from Rabigh, traders said on Thursday.

Green Investment Bonds Need Rules to Boost Appeal

Guidelines have to become standardised; Green bonds offer way to fund capital intensive projects. Engie, the utility formerly known as GDF Suez, this month launched

Asia Dry Bulk-Capesize Rates Soft in Absence of Cargoes

80 Capesize vessels available for charter, but only 30 fixtures; Panamax rates likely to slip as tonnage grows. Rates for capesize bulk carriers are likely to

Golden Ocean: Worst Bulk Market Since 1980s

Dry bulk shipping firm Golden Ocean reported first-quarter earnings below forecasts on Thursday and said its market had gone from "bad to worse" with

Seadrill Sees Industry Pain Through 2016

Stock down nearly 5 pct; predicts tough market through 2016. Seadrill, the world's second biggest offshore oil driller, predicted years of pain for the global

Shell Names Top Executive to Lead BG Integration

Royal Dutch Shell has appointed the head of its Chinese operation to spearhead the integration with smaller British rival BG Group once the $70 billion deal is completed.

Norway Oil Fund May Have to Shed Coal Positions

Norway coal sales to affect up to $5 bln investment; plan won't be a model for divestment from oil, gas. Norway's $900 billion wealth fund may have to sell its

Oil Steadies Ahead of U.S. Inventory Data

Dollar steadies after almost two weeks of strong gains. Oil prices steadied on Thursday after a two-day slide as investors awaited data from the U.S. Energy

Tidewater Reports Loss in 4Q

  Tidewater Inc. reported today a fourth quarter net loss for the period ended March 31, 2015, of $9.1 million, or $0.19 per common share, on revenues of $324.

WTO Launches Dedicated Website for new TFA Facility

  The TFAF was created at the request of developing country and least-developed country (LDC) members to help ensure that they receive the assistance needed to

Rosneft Aero, Air BP Ink Fuel Supply Deal

  Rosneft Aero (Rosneft subsidiary) and Air BP Limited (BP Plc. subsidiary) have signed Aviation fuel supply agreements. The implementation of these agreements

Aegean Marine Profit Beats Estimates

 Greece-based Aegean Marine Petroleum Network Inc. (ANW) reported first-quarter earnings of $12.2 million or $0.25 per share compared with $5.1 million or $0.11 per share last year.

Shreyas Shipping Turns Around

 Shreyas Shipping and Logistics swung to a net profit of Rs. 61.75 crore (about $9.6 million) in the fiscal year ended March 31, a big turnaround from its loss of Rs.

Peru to Open Bidding This Year on LPG Pipeline

Peru will likely open bidding late this year on the rights to build a liquefied petroleum gas (LPG) pipeline to help prevent supply crunches that have prompted the import of 292,

AAPA Applauds Senate Passage of Trade Promotion Legislation

The American Association of Port Authorities (AAPA) applauded Senate passage over the past weekend of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA-2015),

Port of Duluth Intermodal Project Underway

The U.S. Department of Transportation’s Maritime Administrator, Chip Jaenichen, today joined Senators Amy Klobuchar and Al Franken, Congressman Rick Nolan, Duluth Mayor Don Ness,

Chile Exporters Fret as Customs Strike Continues

A customs strike in Chile that began last week has started to affect exports and imports, although miners in the top copper producer said this week they have not yet been significantly impacted.

India GAIL Sells Some its U.S. LNG to Shell

GAIL (India) Ltd has sold some of its liquefied natural gas (LNG) from the U.S. portfolio to European energy major Royal Dutch Shell ahead of production from early 2018, its head B.

Greece's Motor Oil Returns to Profit in the First Quarter

Greece's second-biggest oil refiner Motor Oil returned to profit in the first quarter, mainly thanks to higher refining margins and demand for heating oil. Net profit came in at 41.

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