Maersk Could Lose Qatar field, its Largest Oil Asset

Denmark's A.P. Moller-Maersk said for the first time on Wednesday there was a risk it could lose its largest oil producer, a 300,000 barrel per day Qatari field,

OMB - Subchapter M Cleared for Publication

The Office of Management and Budget (OMB) completed its review of the draft final rule entitled Inspection of Towing Vessels, also known as "Subchapter M." The

Vale, BHP hit with $44 bln Civil Lawsuit for Dam Collapse

Prosecutors seek $2.16 bln payment upfront; Vale, BHP say yet to receive notice of claim. Mining companies Vale SA and BHP Billiton were hit with a 155 billion-real ($43.

Tanker Departs Libya Empty amid Political Crisis

A tanker that an oil company set up by Libya's eastern government prevented from loading has left the eastern port of Marsa el-Hariga, a port official said on Wednesday.

Maersk Mulls Acquisitions after Surprising Profit

Fragmented sector chasing alliances to cut costs; Maersk has plenty of cash for deals - CEO. A.P. Moller-Maersk returned to profit at its main container shipping business in the first quarter,

Shell Slashes CapEx Further after BG Deal

Shell cuts 2016 capex by 10 pct to $30 bln. Royal Dutch Shell reduced its 2016 spending plans on Wednesday by another 10 percent from the target set in February

Sale of Petrobras Argentina

Petrobras has completed negotiations with Pampa EnergĂ­a on the main terms and conditions of the sale of its stake in Petrobras Argentina (PESA), owned by Petrobras Participaciones S.

113 Migrants Drown in Libya-Italy Weekend Transits

An estimated 113 people died in four shipwrecks between Libya and Italy at the weekend as the crossing becomes the preferred sea route for migrants to Europe, the

'Technical' Errors Caused Fatal Norway Helicopter Crash

The helicopter crash that killed 11 oil workers and two crew on Friday was due to a technical error, the country's Accident Investigation Board said on Tuesday.

Risks Rise as Hedge Funds Bet on Oil: Kemp

Hedge funds increased their net long positions in Brent and WTI derivatives by 7 million barrels to a record 663 million barrels in the week ending April 26. Even

Norway Fund Supports Exxon, Chevron Shareholder Proposals

Norway's $872 billion sovereign wealth fund, the world's largest, will back shareholder proposals aimed at changing corporate governance and climate policies at U.

GE Ramps up Offshore Wind Game, eyes Takeover

General Electric wants to become a major player in the offshore wind industry and is interested in buying the Areva-Gamesa offshore joint venture Adwen, GE's new head of renewables said on Tuesday.

Energy Transfer, Williams Deal Amended

Energy Transfer Equity LP and Williams Companies Inc amended the terms of their $20 billion-deal agreement to reduce the number of days specified for completing some administrative requirements.

Crowley Acquires Ace Fuels Assets in Anchorage

Anchorage-based Crowley Fuels yesterday completed an asset acquisition of the aviation fuels business of Ace Fuels, LLC, a fixed base operator (FBO) headquartered

CMI, MLA to Host Joint Event in New York

The 42nd Conference of the Comité Maritime International (CMI), hosted by The Maritime Law Association of the United States (MLA), will take place in New York between May 3-6 at the New York Hilton.

U.S. Supreme Court Rejects Appeal in Shareholder Suit Against BP

The U.S. Supreme Court on Monday declined a request from shareholders seeking to revive their class action lawsuit against BP claiming the British oil company misrepresented

Ukraine Energy Firms Turn to Arbitrator Over Crimea Losses

Two Ukrainian energy companies that lost control of assets in Crimea when Russia seized control of the peninsula have asked a U.N. arbitrator to award compensation,

USCG Sets 2nd Round of Hearings for El Faro

The U.S. Coast Guard will conduct a second round of public hearings May 16-27 for the Marine Board of Investigation into the loss of the U.S.-flagged cargo ship El Caro, and its 33 crewmembers.

French PM: Aussie Subs to be built in Australia

French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the

Diamond Offshore Beats Street on Lower Costs

May 2 (Reuters) - Rig contractor Diamond Offshore Drilling Inc reported a higher-than-expected quarterly profit as its ongoing cost-cutting measures pay off. The company has scrapped its dividend,

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