Finance

Afren Gets a Months Grace for $65m in Debt Payments

Oil producer Afren Plc, struggling with looming debt payments, said lenders had agreed to defer a $50 million amortisation payment by a month and that it would

Shippers Must Monitor Greek Government Changes

Moore Stephens says shipping must monitor developments in wake of Greek government change   International accountant and shipping adviser Moore Stephens says

Chevron Scraps 2015 Share Repurchase Program

Chevron Corp halted its 2015 share repurchase program on Friday, a move to conserve cash amid tumbling oil prices.   The company's shares extended loses on the news,

Shell Corrects Q4 Results, Earnings Unaffected

Royal Dutch Shell said on Friday it had overstated its fourth quarter results by $178 million due to an error in the valuation of its fuel inventory.   The company said its underlying earnings,

Global LNG-Price Slump Deepens

Asian spot liquefied natural gas prices for March delivery extended losses as winter demand failed to materialise to the extent hoped, traders said on Friday. The price of spot LNG fell to $7.

Buyers Bide Their Time in $110 bln Oil Asset Sell-Off

With more than $110 billion of oil and gas assets on the block as companies big and small count the cost of the collapse in oil prices, it is now a question of

OPEC January Output Rises

OPEC oil output rises in January as key members stand firm.   OPEC's oil supply has risen this month due to more Angolan exports and steady to higher output

Marquette Transportation Reportedly for Sale

Marquette Transportation Company LLC, a U.S. towboat operator, is exploring a sale that could value it at more than $1 billion and has attracted the interest of

Keystone Bill Passes, Obama Veto Looms

Republicans in the U.S. Senate made good on a pledge to pass the long-pending Keystone XL oil pipeline on Thursday, a measure the White House said President Barack Obama would veto.

Shell 'Optimistic' on U.S. Refinery Contract Talks

Lead industry negotiator Royal Dutch Shell Plc said on Thursday it was "optimistic" a new three-year agreement could be reached with a union representing hourly workers at 63 U.

Total Slashes 2015 Exploration CapEx by 30 pct

Total's new chief said in a newspaper interview that the French oil company aimed to cut exploration spending by 30 percent in 2015 to cope with falling oil prices.

Tohoku Electric's LNG Buy Sets Asian Spot Level

Japanese utility Tohoku Electric has purchased an LNG cargo for delivery in the third week of March at a price in the low $7 per million British thermal unit (mmBtu) range,

Consol Profit Plunges on Rising OpEx

Coal and natural gas producer Consol Energy Inc reported a nearly 50 percent fall in quarterly profit as exploration and production costs shot up. Net income from continuing operations fell to $73.

Europe's Offshore Wind Capacity Growing

New capacity edges down 5 pct from record 2013; industry body forecasts stable growth over 2015/6. Europe's offshore wind capacity kept up a steady rate of growth

BP Quits Indonesian Blocks on Risk Concerns

UK-listed energy giant BP has decided to relinquish two exploration blocks to Indonesia, after a survey of the blocks found them to be high risk, the company said on Friday.

Brent Rises Despite 7th Straight Monthly Drop

Brent headed for seventh month of losses; renewed violence in Iraq supports prices. Oil rose above $49 a barrel on Friday, supported by renewed violence in Iraq

Enterprise Tender Fails on Low Bids

U.S. pipeline company Enterprise Products Partners did not award a tender to sell a year's supply of processed condensate due to low bids, U.S. and Asian trade sources said on Friday.

Gazprom, OMV Ink Additional Deal

  Vienna hosted today the signing of an Addendum to the existing contract for gas supply to Austria between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Gerhard Roiss,

Strategic Sale of Braemar's H.O.

On 27 January 2015 Braemar Shipping Services Plc exchanged contracts for the sale of our leasehold interest in our Marylebone corporate headquarters to Greenhouse

31st Edition of Cruise Shipping Miami

 Cruise Shipping Miami 2015 is gearing up to offer the most comprehensive and robust roster of panel discussions featuring the industry's most knowledgeable and experienced executives.

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