Legal

Six Williams Directors Quit after CEO Ouster Fails

Six of Williams Cos Inc's directors, including the pipeline company's chairman, resigned on Thursday after a failed attempt to oust Chief Executive Alan Armstrong,

Milton to Replace Retiring Kelly, President, ExxonMobil

Alan Kelly, president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company, has announced his intention to retire effective Aug. 1, 2016, after more than 34 years of service.

UASC Fully Compliant VGM Lift Now

 United Arab Shipping Company (UASC) announced today the conclusion of a 100% compliant Verified Gross Mass (VGM) lift of 159 UASC containers on board CSCL’s Saturn.

Netherlands Opts for ‘Flexible’ Container Weighing

As of July 1, shippers and freight forwarders are required to verify the weight of a container before the container is loaded onto a ship.   The Netherlands’

Enclosed Space Safety Rule Enters into Force

 A new regulation aimed at protecting seafarers who need to enter enclosed spaces, by requiring ships to carry portable atmosphere testing equipment on board, enters into force on July 1, 2016.

Petrobras Adds C-Suite Position, Plans New Strategy

Brazil's Petrobras said late Wednesday that its board of directors had created a new senior management post responsible for strategy, organization and system management

Beijing Slams South China Sea Court Proceedings

Permanent Court of Arbitration ruling set for July 12. An international court said it would deliver a hotly anticipated ruling in the Philippines' case against

Norway Oil & Gas Output to be Impacted if Workers Strike

Norwegian oil companies and trade unions began two-day wage talks on Thursday in a bid to avert a strike that would initially cut the country's output by 229,000 barrels of oil equivalents,

Brexit: No More than a Bump in the Road for Oil

Rebalancing the oil market could take slightly longer as a result of the upsurge in uncertainty following Britain's vote to leave the EU but most traders seem to

SOLAS Container Mass Verification Rule Enter into force

A new regulation requiring the gross mass of a container to be verified before it is loaded onto a ship enters into force today (1 July 2016). It will assist in

Paris MoU Reports Decrease in 'Bans'

Paris MoU reports that 2015 shows a large decrease in the refusal of access (“bans”) within the region: 11 bans compared to 20 in 2014. The detention percentage has remained stable at 3.

Coal Mining Starts in Taimyr, World's largest anthracite deposits

The Arctic Mining Company, a subdivision of coal company Vostok-Ugol, has begun mining one of the world's largest high-quality coal (anthracite) deposits on the

Boon, Non-executive Director of ST Engineering Resigns

Singapore Technologies Engineering Ltd (ST Engineering) today announced the resignation of Mr Quek Tong Boon as non-executive Director with effect from 1 July 2016.

BSM Acquires USCG Qualship 21 Program Approval

Bernhard Schulte Shipmanagement is proud to announce that it has received US Coast Guard (USCG) Qualship 21 Program approval for the BSM India-managed, Algoma-owned

UASC and Hapag-Lloyd Merger in the Last Leap

 A merger between United Arab Shipping Company (UASC)  and German container shipping line Hapag-Lloyd will create a shipping group that is the 5th largest in the

China Slams South China Sea Case as Court Set to Rule

An international court said on Wednesday it would deliver a hotly anticipated ruling in the Philippines' case against China over the South China Sea on July 12,

Energy Transfer Ends Williams Merger Deal

Energy Transfer Equity (ETE) said on Wednesday that it has terminated its merger agreement with Williams Cos Inc after ETE's counsel were unable to declare the deal as tax-free.

Rasgas inks New LNG Deal with EDF

Qatar's RasGas said on Wednesday it signed a new agreement with French energy company EDF to deliver up to 2 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) starting from next year.

Oil Rises after Brexit Shock; Norway Strike Threatens Output

Falling crude output in Venezuela; U.S. crude stocks down by 3.9 mln barrels. Oil rose on Wednesday as traders poured money back into markets hit by the initial

Statoil to keep Fields Operating if Strike Happens

Statoil will initially keep oil fields operating even if negotiations set for June 30 to July 1 fail to avert a strike that would halt output at others, the Norwegian

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