Legal

McGonigal Joins Hill Dickinson Commodities Team

International law firm Hill Dickinson has appointed lawyer Patric McGonigal to its commodities team.   McGonigal joins the firm’s London office from Hogan Lovells,

Brazil Prosecutors Investigate Two Petrobras Pipe Suppliers

Brazilian police and prosecutors said they are investigating pipe suppliers Apolo Tubulars and Confab in the latest phase of a sweeping investigation of contracts

Total CEO: Total Reconsidering French Investments due to Strikes

French oil and gas company Total will "seriously reconsider" its investment plans in France due to strikes in the oil sector that forced the company to shut down refineries,

San Leon's Nigerian Production Deal Update

San Leon Energy plc the AIM quoted oil and gas exploration and production company focused on Europe and Africa provides the following update on its production deal on the OML 18 block,

Sovcomflot IPO Soon

 The long-awaited initial public offering (IPO) of Sovcomflot, which runs one of the world’s largest tanker and gas carrier fleets, has moved a step closer.    Economy

First Cruise Company Fined under Australia’s New Fuel Rules

Australia’s NSW Environment Protection Authority (EPA) has fined Carnival PLC $15,000 after one of its P&O Cruises ships, the Pacific Jewel, breached new low sulfur fuel regulations in Sydney Harbour.

UASC Completes Award Winning Finance Deal

United Arab Shipping Company (UASC) announced  the recent conclusion of a series of transactions that resulted in the issuance by a U.S. based trust of $162 million

South Africa arrests Chinese ships for illegal squid fishing

South Africa's navy has detained three Chinese ships with around 100 crew on board on suspicion of illegal squid fishing, officials said on Monday. The ships

Exxon: French Strike Has No Impact on Refinery Output

The ongoing anti-labour reform strike that has paralysed some sectors of the French oil industry and disrupted fuel supply has not impacted output at Exxon Mobil's two refineries,

Vitol, Aegean Marine trade First DME-Listed Fuel Oil Derivatives

Energy trader Vitol and shipping fuel company Aegean Marine Petroleum Network swapped 7,000 tonnes of July 180-centistoke in the first-ever trade of fuel oil derivatives

China Mulls Russia's Urals Oil Futures Trading

Chinese companies would be interested in trading futures contracts for Russia's main export crude blend Urals, St Petersburg International Mercantile Exchange first

Russian Shipbuilder Wins $1 bln Iran Oil Rig Deal

Russian shipbuilder Krasnye Barrikady has been awarded a near-$1 billion contract by Iran to build five offshore drilling rigs for use on Iran's part of the Gulf shelf,

Phillips 66 in Final Stages of Selling Ireland's only oil refinery

U.S. independent refiner Phillips 66 is in the final stages of selling the only oil refinery in Ireland, a source familiar with negotiations said on Saturday. Responding

Saudi Aramco, SABIC say no Merger Plans

National oil giant Saudi Aramco and Saudi Basic Industries Corp denied on Saturday they had any plans to merge their petrochemicals businesses after media reports on the possibility.

Turkmenistan seeks IDB, Saudi, Japanese funding for gas link

Turkmenistan is in talks with the Islamic Development Bank, the Saudi Fund for Development and Japan's government on financing the construction of a gas pipeline to Afghanistan,

IMO to Prevent Cyber-attacks

At a meeting of the IMO's Maritime Safety Committee (MSC), it was recognised that ships may also be exposed to so-called cyber-attacks. Now, the IMO wants to

Canada's Aboriginals tell Trudeau they can Block Pipelines

Canadian aboriginal groups and their allies said on Friday they have the power to block proposed oil pipelines on land where they have proven title, dismissing

Alberta Court Ruling may Trigger rise in Orphaned Wells

Lawyers in Canada's energy capital Calgary warned on Friday that a judge's decision to grant lenders priority over environmental clean-up costs in oil and gas bankruptcies

HCI Group Takes Over 13 Feeder Containerships

The HCI Group and two other investors have taken over a total of thirteen ships from the loan portfolio of HSH Nordbank. The HCI Group structured the portfolio

AEP: Spinoffs Not Impacted by McClendon's Firm Closure

The closure of American Energy Partners after the sudden death of founder Aubrey McClendon will not affect companies it formed and spun off with Texas-based private

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