Finance

Norwegian Car Carriers to Buy Two from Hyundai Samho

 Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs).

Another Grant from ExxonMobil to mark World Malaria Day

  ExxonMobil today announced $10 million in new grants to mark World Malaria Day, continuing the company’s 15-year commitment to fighting a disease that is preventable and treatable,

Norway Sale - Ithaca Energy

  Ithaca Energy Inc. has entered into an agreement to sell its wholly owned subsidiary, Ithaca Petroleum Norge AS (“Ithaca Norge”), for an initial consideration of US$60 million.

Long Beach, Los Angeles ports host forum to gather input

  More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for

BP to Sell CATS Business To Antin Infrastructure

  BP today announced it has agreed to sell its equity in the Central Area Transmission System (CATS) business in the UK North Sea to Antin Infrastructure Partners for £324 million ($486 million).

Protesting Japanese Arrested for landing drone on PM's office

  A Japanese man has been arrested for landing a drone on the prime minister's office with a minuscule amount of radiation in an apparent protest against the use of nuclear power,

Peru Postpones Bidding on Oil Blocks Amid Price Collapse

  Peru will hold off on launching an international auction for 25 oil blocks in the first half of 2015 as energy companies grapple with low crude prices, the country's

Venezuela Probes ex-minister accused of corruption in Ferry Deals

  A former minister in President Nicolas Maduro's government denied in an interview published on Friday accusations of corruption during the purchase of three

Fitch Warns it May Still Downgrade Petrobras in Next Few Years

Brazil's state-run oil company Petroleo Brasileiro SA avoided an imminent credit downgrade by publishing corruption-delayed financial statements but could still

Urals Stronger in Baltic Due to Low Volumes

Russian Urals crude strengthened on Friday after a loading programme showed an expected drop in exports from the Baltic in May.   In the Platts window, Trafigura

US Oil Rig Count Declines a Bit This Week

The fall in U.S. rigs drilling for oil quickened a bit this week, data showed on Friday, suggesting a recent slowdown in the drilling decline was temporary, after

Maruzen Runs Naphtha Crackers at Full Capacity

Japan's Maruzen Petrochemical Co has been running its two naphtha crackers at its Chiba plant, east of Tokyo, at full capacity, thanks to booming exports, company officials said on Friday.

Global LNG Prices Steady as Asian Demand Muted

Asian spot liquefied natural gas (LNG) prices for June delivery were unchanged on Friday as traders said demand remained weak.   The price of Asian spot cargoes held steady at $7.

Oil Price Shock Soon to be Positive Overall for Canada

Canada's economy will start to show more positive effects from the drop in oil prices than negatives from the second quarter onwards, Bank of Canada Governor Stephen Poloz said on Friday.

Total Eyes Sale of its Fuel Retailing Business in Turkey

Total aims to exit its fuel distribution business in Turkey and has asked Societe Generale to lead the sale, sources said on Friday, as the French oil producer

Caterpillar CEO: Dip in Oil Prices a Headwind in 2015

Caterpillar Inc chief executive Doug Oberhelman said on Friday that oil prices have been a headwind for the manufacturer and will continue to be in 2015. Oberhelman,

Brent Oil Edges Up, Set for Third Straight Weekly Gain

Brent crude edged up on Friday, poised to mark a third consecutive week of price increases as air strikes in Yemen stoked concerns over the security of Middle East oil shipments.

MISC Says AET Tankers Unit Not for Sale

MISC Berhad issued a statement today addressing recent market speculation that the company is set to sell its wholly owned petroleum tanker subsidiary AET Tankers.

Spanish Ferry Operator Enrolls in Carbon Credits Program

Spanish ferry operator Baleària has signed up to AkzoNobel’s carbon credits program. The company has enrolled its passenger ferry Martin i Soler into the scheme,

Horizon's Hawaii Business Acquisition Cleared by DOJ

Horizon Lines, Inc. reported yesterday that, after a review by the Antitrust Division of the Department of Justice, Horizon's proposed sales transaction with The

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