Legal

UK's SFO Launches Investigation into Soma Oil & Gas

  Britain's Serious Fraud Office (SFO) has launched a criminal investigation into British exploration firm Soma Oil and Gas, which has been searching for oil in conflict-ridden Somalia.

Eletrobras to Cut Investments by 17.3%

  Brazil's state-run power company Centrais Eletricas Brasileiras SA said on Friday it plans to invest 50.3 billion reais from 2015 to 2019, a 17.3 percent reduction

Brazil: Leniency Deal with Builder in Corruption Probes

  Brazil's antitrust regulator CADE and federal prosecutors signed a leniency deal on Friday with engineering company Camargo Correa aimed at obtaining evidence

IEnova to Buy Pemex Stake in Pipeline JV

  Mexican energy infrastructure firm IEnova, a unit of U.S.-based Sempra Energy , said on Friday it will buy out the 50 percent stake in the pipeline company Gasoductos

On USCG Anniversary, Gov. McAuliffe Urges Hurricane Preparedness

  Gov. Terry McAuliffe encouraged Virginians to get ready for hurricane season and provided an update on the commonwealth’s preparations Friday at a press conference

Diana Shipping Nets 2Q Loss

  Diana Shipping Inc. today reported a net loss of $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.

Exxon Profit Falls by half to $4.2 Bln

  Exxon Mobil Corporation today announced estimated second quarter 2015 earnings of $4.2 billion, or $1 per diluted share, compared with $8.8 billion a year earlier.

WKCTC to Host Open House for ILM Institute

  West Kentucky Community and Technical College will host an open house and ribbon cutting for the Inland Logistics and Marine Institute August 10 from 4 ­– 6 p.

Ecuador Inks Supply Deal with Thailand

Ecuador's state oil company Petroecuador has signed a crude oil supply agreement with a division of Thailand's state-run PTT under which the Andean country will receive a $2.

Tumbling Prices Slam Profit at Exxon Mobil, Chevron

Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many

Spain's Abengoa H1 Net Profit Up

Spanish engineering and renewable energy company Abengoa posted on Friday a 5 percent rise in first-half net profit to 72 million euros ($80 million). Class

Russia: New Sanctions Deepen Confrontation

New U.S. sanctions against Russia show that Washington wants to aggravate tensions with Moscow, Russian Foreign Ministry said in a statement on Friday. "Such

Petrobras Recovering $1.76 bln in Graft Losses

Brazil's state-led oil company Petroleo Brasileiro SA plans to recover $1.76 billion or more lost to a price-fixing, bribery and political kickback scheme, Chief

Enbridge Mulls M&A in Gas, Power Generation

Enbridge Inc, Canada's largest pipeline operator, is considering natural gas and power generation acquisitions to help boost the diversity of its asset base, the company's CEO said on Friday.

Eletrobras Executives Request Leave During Probe

Two senior executives at Brazil's state-run power company Centrais Eletricas Brasileiras SA told Reuters on Friday that they had requested leave as a corruption

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc.

Cruise Industry Wins Key Norovirus Judgment

In what is being seen as a landmark decision, Hill Dickinson is the first law firm to have successfully defended a UK class action case involving a Norovirus outbreak onboard a cruise liner.

MRS Oil H1 Profit Plunges

Nigeria's MRS Oil reported an 86.1 percent decline in first-half pretax profit to 64.5 million naira, the fuel retailer said on Friday. Revenue fell to 36.98

South China Sea Hotline in the Works

China and Southeast Asian nations have agreed to set up a foreign ministers' hotline to tackle emergencies in the disputed South China Sea, a senior official of

MHI: Notice of Absorption-Type Split Agreements

MHI gives Notice Regarding Conclusion of Absorption-type Split Agreements Relating to Transfer of Ship Construction and Hull Block Manufacture Businesses to Two

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