Iraq Willing to Help Prop up Oil Prices

Iraq is willing to play an active role within OPEC to support oil prices, its oil minister Jabar Ali al-Luaibi said on Saturday, without clarifying whether it was

Sempra-Techint Offer Best Bid on Odebrecht pipeline, Peru

A consortium formed by Sempra Energy and Techint Group offered the best bid to Odebrecht for acquiring its majority stake in a $5 billion natural gas pipeline project in Peru,

NParks, Keppel in S$2.08 mln Partnership for Restoring Singapore Forest Wetlands

The National Parks Board (NParks) and Keppel Corporation today unveiled plans for a partnership to restore the freshwater forest wetland ecosystem historically

Skaugen Goes to Red Again

 Norwegian Marine Transportation Service Company I.M. Skaugen SE reported interim losses but cautiously positive and expecting a gradual recovery of trading opportunities

Kongsberg Performs Well in Q2

 Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends,

How Rapid is the Fleet Growth?

 During July 2016, the containership fleet reached a landmark 20 million TEU in terms of aggregate capacity, says Clarksons Research.   To many it only seems

Hapag-Lloyd Shareholders Okays Merger with UASC

 Hamburg-based ocean carrier Hapag-Lloyd said its shareholders approved all items on the agenda at Annual General Meeting, mainly the  share capital increase needed

Onshore Spending on the Cusp of Recovery?

 DW’s recently released quarterly World Oilfield Services Market Forecast (OFS) and World Oilfield Equipment Market Forecast (OFE) continue to suggest 2016 will

Hedge Funds Strongly Bet on Crude Oil

Hedge funds and other speculators raised their bullish bets on oil by the most on record fueled by speculation that  Organization of the Petroleum Exporting Countries

U.S. Rig Count Steady after 8 Weeks of Hikes

The number of U.S. oil drilling rigs were unchanged this week after eight weeks of consecutive rises, according to a closely followed report on Friday, although

U.S. Judge Approves Energy Future's Bankruptcy Exit Plan

U.S. Bankruptcy Judge Christopher Sontchi signed off on a plan on Friday for the bulk of Energy Future Holdings Corp's operations to exit bankruptcy.   Energy Future,

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Oil Up as Yemen Missiles Hit Saudi Oil Facilities

Oil prices rose about 2 percent on Friday after reports of Yemeni missiles hitting Saudi Arabia's oil facilities.   Yemeni forces have fired ballistic missiles

Board of Russia's Novatek Recommends Dividends in H1

The board of Russia's No.2 natural gas producer Novatek recommended paying 6.9 roubles per share in first-half dividends, the company said on Friday, up 4.5 percent from a year earlier.

Steamship Mutual Receives Rating Upgrade

The Managers have reported that on August 24, Standard & Poor’s (S&P) raised their interactive financial strength rating of the Club to A with a stable outlook.

Coast Guard Foundation Awards 128 New Scholarships

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, has announced that in

Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up

Australia Warns DCNS after Security Breach

Australian defence officials warned French naval contractor DCNS to beef up security in Australia, where it is preparing to build a A$50 billion ($38.13 billion) fleet of submarines,

Castrol India Not Aware of BP Unit Sale

Castrol India Ltd said on Friday it was not aware of any stake sale in the company by Castrol Ltd, a unit of oil major BP Plc, and said recent news reports that

Norway: No Brexit Impact on Norwegian Gas Exports

Exports of Norwegian gas to Britain will not be affected by Britain's vote to leave the European Union, Norway's oil and energy minister told Reuters. The Nordic

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