Finance

Buoys in Disputed Waters Roil South China Sea Dispute

Buoys stretched "as far as eye could see" - Philippine sailor. The Philippine navy recently found a large steel marker bearing Chinese inscriptions and hundreds

Four Firms Exit Mexican Offshore Tender Opening

Four companies have bowed out of the initial installment of Mexico's so-called Round One oil auction, the first step in the country's historic sector opening, regulator CNH said on Monday.

Ghanaian Students Benefitting from Scholarship Programs

Two Robert Gordon University (RGU) postgraduate students are reaping the benefits of international scholarship schemes which will boost their career prospects. Ghanaians

Med Crude-Urals Crude Bid Higher, Kirkuk Tanker Cancellations Spread

Russian Urals crude was bid higher in northwest Europe, while differentials in the Med were supported by more tanker cancellations in the Turkish port of Cheyhan.

BOS Delivers Subsea Projects to Asia Pacific

Bibby Offshore’s Asian division, Bibby Offshore Singapore (BOS), has expanded its foothold in the Southeast Asian oil and gas sector by securing multimillion dollars

Technip Slashing 6,000 Jobs in Cost-Cutting Move

French oil industry engineering and construction group Technip will cut 6,000 jobs and book a 650 million euro ($719 million) restructuring charge as it steps up

Oil Tumbles 5 pct after Greek "No" Vote (Update)

Greek 'No' to bailout terms hits global financial markets; China imposes emergency measures to support stock markets. Oil prices tumbled their most  in three months on Monday, with U.

Siemens Could Still be Interested in Alstom

Siemens could still be interested in buying power-generation assets from French rival Alstom on the same terms it offered a year ago if General Electric's deal to buy them falls through,

Navis N4 TOS Open in Liverpool Terminal

Peel Ports, owners and operators of the Port of Liverpool, has achieved a major milestone in its multi-million investment program to transform the port into Europe’s

Gazprom Delays Link to Turkish Gas Line

Gazprom has told pipeline makers to suspend deliveries of pipes for expanding Russia's network to be connected to the proposed Turkish Stream project, an industry source said on Monday.

AkzoNobel’s Carbon Credits Methodology Wins Award

AkzoNobel’s landmark carbon credits methodology for the shipping industry has won the Best Offsetting Project award in the 2015 Voluntary Carbon Market Rankings.

Velocys Suspends CEO over Alleged Misconduct

Velocys Plc, whose technology is used to convert gas to liquid fuels, said on Monday it suspended Chief Executive Roy Lipski, pending an investigation into "serious allegations" of misconduct.

Ukraine to Create $1 bln Energy Fund

Ukraine has ordered state-run energy firm Naftogaz to create a fund worth to $1 billion to finance the purchase, transport and storage of gas, the government said on Monday.

EIB in Talks to Lend $500 mln to PGE

The European Investment Bank (EIB) is in advanced talks to lend more than 2 billion zlotys ($526 million) to Poland's biggest power producer PGE  to help finance its investments,

Douglas Westwood: Brazil In Deep Trouble

Petrobras has long been a pioneer in the adoption and deployment of deepwater technology. This has enabled them to build huge reserves of some 16 billion barrels of oil.

Valor: Petrobras to Shed Braskem Stake

State-controlled oil producer Petróleo Brasileiro SA could sell a stake in Brazil's  Braskem SA and build provisions against tax debts nearing 40 billion reais ($12.

AGL Writes Down Coal-Seam Gas Assets

AGL Energy Ltd, Australia's No. 2 energy retailer, said it will sell three coal-seam gas licences back to the government and write down the value of several more underperforming projects,

Bets on Rising Crude Up Again

Hedge funds and money managers increased their bets on rising Brent crude oil for the first time since May, data released on Monday showed, although some say the shift is unlikely to last.

South African Union Mulls Options over Glencore Layoffs

South Africa's National Union of Mineworkers is considering taking legal action against the government if Glencore cuts over 600 jobs at its Optimum Coal unit, it said on Monday.

U.S. Ethanol Makers Expand Despite Uncertainty

Some U.S. ethanol producers are racing to bring on capacity, pushing output to fresh highs even as soaring corn prices tighten margins and the nation's biofuels program faces prolonged uncertainty.

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