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Roxi Discovers Oil in BNG's Well 143, Kazakhstan

  Roxi Petroleum has made a new discovery at Well 143, located at the MJ-F structure, which is located towards the North of South Yelemes field at BNG, Kazakhstan The Well 143,

S.Arabia Welcomes Iran Nuclear Deal after Obama Meeting

  Saudia Arabia is satisfied with U.S. President Barack Obama's assurances about the Iran nuclear deal and believes the agreement will contribute to security and stability in the Middle East,

Petrobras Strike Postponed to Monday

  Brazil's largest oil workers union said on Friday that it has delayed the start of a planned open-ended strike against Petrobras to Monday, Sept. 7, putting

Next LCS to be Named USS Minneapolis/St. Paul

  Secretary of the Navy Ray Mabus announced today that the next Freedom-variant littoral combat ship will be named USS Minneapolis/St. Paul (LCS 21). The future Minneapolis/St.

H5 Settles With Chevron Over Ecuadorian Lawsuit

  Chevron Corporation has reached a settlement agreement with H5, a California-based e-discovery and litigation services firm. In the settlement, H5 has withdrawn

MSC Upgrades Europe-West Africa Service

  As part of our objective to continually improve our services to customers, MSC is delighted to announce an upgrade to its Angola Express service with a first

NOVATEK, Silk Road Fund Ink YAMAL Acquisition Deal

  Today, in the presence of the President of Russian Federation Vladimir Putin and the President of People’s Republic of China Xi Jinping, OAO NOVATEK and China’s

ABB's Microgrid Solution for S. Africa

  ABB announced that it will install an integrated solar-diesel microgrid at its Longmeadow premises in Johannesburg, South Africa. The 96,000 square meter facility

Brazil Prosecutors Charge Lula's Former Chief of Staff

Former Brazilian President Luiz Inacio Lula da Silva's ex-chief of staff was charged with corruption, money laundering and racketeering on Friday, making him one

Top Canada Court: Ecuador Villagers Can Sue Chevron in Ontario

Canada's top court ruled on Friday that a group of Ecuadorean villagers could pursue a multi-billion pollution lawsuit against Chevron Corp in the Canadian province of Ontario.

Glencore's South African Coal Unit will Resume

Glencore will provide financial support for its South African mining unit for a coal deal with power utility Eskom as the mine restarts supplying the commodity,

Timing in Doubt on Hapag-Lloyd IPO

German container shipping group Hapag-Lloyd has taken further steps in preparation of a stock market listing and has mandated more banks for the move, but it remains

Brent Slips Towards $50, Weak Demand Weighs

ECB cuts euro zone growth forecast to 1.4 percent. Commerzbank, Barclays, BNP Paribas cut oil price forecasts. Oil prices fell on Friday, pushing benchmark North

BofA Downgrades BP to "Underperform"

BP down more than 3 pct after BofA-ML cuts rating on stock to "underperform" and warns of growing risks to co's dividend and potential for M&A that could be financed by stock.

Sound Oil Appoints Cantor Fitzgerald as Sole Adviser

  Sound Oil, the Mediterranean focused upstream gas company, is pleased to announce the appointment of Cantor Fitzgerald Europe as the Company's sole broker with immediate effect.

Rosneft, Gazprom to Receive Four Arctic Fields

Ministry of the Environment sent to the government documents on the transfer of "Rosneft" and "Gazprom" licenses for the development of four more fields on the Arctic shelf,

Virginia-Class Submarine Named USS Iowa

  Secretary of the Navy Ray Mabus hosted a ship-naming ceremony today in Ames, Iowa to announce that SSN 797, a Virginia-class attack submarine, will bear the name USS Iowa.

Belfast Harbour Goes Live With KleinPort

  Saab has commissioned its first Port Management Information System in the UK. As of September 1st, 2015, Belfast Harbour Commission commenced live operations with its KleinPort system.

Australia's New Shipping Laws Threaten Loss of Jobs

 The planned changes to Australia’s shipping laws would cause a 93% loss of Australian seafaring jobs a new report says.   More than nine in 10 domestic seafarers

Proposed Shipping Legislation to Jeopardise$100-million Investment in Australia

 Australian-owned Bass Strait shipping operator SeaRoad Holdings has warned the Federal Government that its proposed Shipping Legislation Amendment Bill could jeopardise

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