Finance

Greece's Hellenic Petroleum Pays Bond Coupon on Time

Greece's biggest oil refiner Hellenic Petroleum made an 8 million euro ($8.76 million) coupon payment last week on an international bond, a spokesman for the company said on Tuesday.

Dry Bulk Market Crisis: Opportunity or Threat?

The shipping industry is experiencing the biggest dry bulk market recession since the 1980s, as uncertain global economic outlook and increased imbalance between

Botswana Seeks Bids to Build Solar Plants for Mines

Botswana's government launched a bidding process on Tuesday to construct solar power plants near its huge Jwaneng diamond mine and for the nation's northwest, where copper assets are being developed.

ShipServ Scales New Heights for Heart Research UK

An 11 strong team from ShipServ, a  leading maritime e-marketplace, has raised $6,616 for charity Heart Research UK by scaling three mountains in the Yorkshire Dales National Park in only 13 hours.

Noble Group Starts Third-Party Model Review

Noble Group Ltd, under scrutiny for its accounting methods, said on Tuesday that it had commissioned a third-party review of its mark to market (MTM) models and

UK Energy Suppliers Actions are Legal: watchdog

Britain's largest energy suppliers have acted in line with competition laws, the country's anti-trust watchdog said on Tuesday in its preliminary findings of an anti-trust probe.

ChemChina to Open London Trading Unit

China National Chemical Corp (ChemChina) will set up a trading unit in London this month as it expands its network to buy crude for its refineries. The London

Q4 UAE Crude Exports Expected to Fall

United Arab Emirates (UAE) crude oil exports are expected to fall in the fourth quarter of 2015 as the Gulf OPEC member upgrades its Ruwais refinery and processes

Oil Up After Selloff, Outlook Remains Weak

China stock markets fall again, Greece fights to stay in euro. Oil rose on Tuesday after one of its biggest selloffs this year but looked vulnerable to more

Data Availability Bias in Oil Market: Kemp

Why is there such good data about oil in the United States but such poor data about everywhere else? Accurate information is essential for good decision-making,

As First Victims Mourned, Italian Navy Searches On

Italy held a funeral service on Tuesday for 13 migrants who died in the worst shipwreck in the Mediterranean in recent history, while the navy continued its search for other victims of the disaster.

China to Allow Non-State Bids for Xinjiang Oil Blocks

China will allow private domestic enterprises to bid for a handful of oil and gas blocks in the far-western region of Xinjiang, the Ministry of Land and Resources said on Tuesday,

EU Set to Back Carbon Market 2019 Reform Start

Carbon price expected to reach 20 euros by 2020. The European Parliament on Wednesday is expected to back a 2019 start to reform of the world's largest emissions

Egypt Inks Energy Import Deal with Rosneft

Egypt and Russia's top oil producer Rosneft have signed two initial deals for the supply of petroleum products and liquefied natural gas to Cairo, the two sides said on Tuesday.

Migrant Sailboat Sinks in Aegean, 17 Missing

A sailboat carrying migrants sank in in the Aegean sea between Turkey and Greece on Tuesday and at least 17 people were missing, Greek authorities said. Greece's

Nigeria Offsetting Debt with Oil Savings

Nigeria will pay out $3.5 billion to federal, state and local governments to reduce a growing backlog of debts and restructure short-term loans as Africa's biggest

Japan's MHI Bags Indian Oil's LNG Storage Tank Contract

 Indian Oil Corp (IOC) has awarded a contract to build two football stadium-sized liquefied natural gas (LNG) storage tanks at its upcoming Ennore LNG import terminal

GAIL to Offer Sops for Foreign Shipbuilders

 GAIL India will offer foreign shipbuilders five years to make liquefied natural gas (LNG) carriers in India, double the time allowed to deliver ships from their home shipyards,

Impact of Financial Crisis on Greek Shipping

 Though international analysts like Morgan Stanley said that the Greek crisis will not have a direct impact on shipping companies, Greek shipping companies listed on U.

NORECO's Production Update

The Norwegian Energy Company ASA (Noreco) group, reported a net production in June 2015 at an estimated 4,320 barrels of oil equivalents (boe) per day. Net realised price in June was USD 54.

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