Total, Aramco Mull Saudi Petrochemical Expansion

France's Total and state oil firm Saudi Aramco remain interested in expanding petrochemical production at their joint refining project in Saudi Arabia, Satorp,

Calpine Acquiring New Hampshire Power Plant

U.S. power producer Calpine Corp said it would buy a gas-fired power plant from Granite Ridge Holdings LLC for $500 million. Calpine said Granite Ridge Energy Center,

Iran Exporting via UAE Ahead of Sanctions Relief

Iran's fuel oil exports flow more easily. Iran has boosted exports of fuel oil through U.S.-ally the United Arab Emirates and also almost doubled its imports of gasoline,

Petrobras Inks $2 bln Leasing Contract with ICBC

Brazil's state-run oil firm Petroleo Brasileiro SA will raise $2 billion through a 10-year leasing contract with China's Industrial and Commercial Bank of China Leasing,

NYK Joanna Rescues Fishermen off Philippines Coast

  On October 3, NYK Joanna, a containership operated by NYK, rescued seven fishermen in distress off the coast of the Philippines. While the NYK vessel was sailing on October 3 from Vungtau,

Noreco CEO Quits

  Norwegian Energy Company ASA (Noreco) announces that Tommy Sundt is stepping down as CEO of Noreco ASA. Since joining Noreco in September 2014, Tommy Sundt

BSM Completes Global Management Program

  Bibby Ship Management has successfully completed its second Global Management Programme which, it says, has helped to develop the management skills of all its

DP World Leading M.E. Investor - MEIRS Awards

  Global marine terminal operator DP World has collected an impressive four awards including the Grand Prix of ‘Leading Corporate for Investor Relations in the

USCG, RCAF to Conduct Joint Training

  The crew of Coast Guard Air Station Traverse City is hosting an international joint search-and-rescue exercise with members of the Royal Canadian Air Force beginning

Long Beach Port Delivers Best Quarter

  With the best September in its 104-year history, the Port of Long Beach last month moved enough cargo volume to also achieve its busiest quarter, signaling a return to pre-recession trade levels.

Hapag-Lloyd Revises Schedules Following Vessel Delays

  Hapag-Lloyd has informed that due to severe delays in the Conosur service, following schedule changes are due to be implemented for vessels concerned: Barry

Billions of Juvenile Fish under Arctic Ice

  Using a new net, marine biologists from the Alfred Wegener Institute have, for the first time, been able to catch polar cod directly beneath the Arctic sea ice with a trawl,

Icon Terminates Shipbuilding Contract

 Icon Offshore Bhd and its partner FOB Swath Malaysia A/S have agreed to terminate their shipbuilding contract with Denmark-based Danish Yachts AS.    Icon-FOB

Asian Shipping Lines Lowers Fees

 China’s National Development and Reform Commission (NDRC) said Japan’s Kawasaki Kisen Kaisha (K Line), South Korea’s Hanjin Shipping, Hyundai Merchant Marine (HMM),

Captain, 2 Crew Convicted in Illegal Fishing Case

A Sao Tome and Principe court won a key victory against illegal fishing by organized syndicates on Monday when it convicted the captain of a vessel and two crew members on a number of charges,

China: Asian Box Shipping Lines Cut Fees

Asian shipping lines including Japan's Kawasaki Kisen Kaisha and China Shipping Container Lines have voluntarily lowered shipping surcharges, the country's top economic planner said on Monday.

Saudis Warn Russia on Syria Actions

Russia's military intervention in Syria will have dangerous consequences, escalate the war there and inspire militants from around the world to participate, Saudi

Phillips 66: $3.6 bln '16 CapEx, More Buybacks

U.S. refiner Phillips 66 announced a capital budget of $3.6 billion for 2016 and raised its share buyback plan by $2 billion. The capital budget excludes Phillips 66 Partners' capital program,

Egypt to Buy 55 LNG Liftings

Egypt's state gas board EGAS said on Monday it is to buy 55 cargoes of liquefied natural gas (LNG), 10 more than originally planned, via a tender it has awarded

Saudi, Norway Sovereign Funds shedding European Shares

The three biggest sovereign wealth funds of oil-producing countries have been selling European equity holdings since May, a study showed on Monday, another sign

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