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US Coast Guard Announces Final TWIC Rule

The U.S. Coast Guard announced Tuesday the publication of the final rule concerning Transportation Worker Identification Credential (TWIC) reader requirements. The

Iran to in Algeria OPEC meeting

Iran, OPEC's third largest producer, has confirmed it will participate in the upcoming OPEC meeting in Algeria next month, an OPEC source said on Tuesday. OPEC

Sasol boosts Lake Charles Project Price

Petrochemicals company Sasol Ltd on Tuesday raised the price tag of its U.S. ethane cracker project to $11 billion from $8.9 billion, in line with an estimate it flagged to the market in June.

BP to Shed $261 mln Castrol India stake

Castrol Ltd, a unit of oil major BP Plc, is selling an up to $261 million stake in Castrol India Ltd in a block trade on Wednesday, according to a termsheet seen by Reuters.

Riyadh MOU PSC CIC on Pilot Transfer Arrangements

Six (6) countries (Bahrain, Kuwait, Qatar, Saudi Arabia, Oman and UAE) of the Riyadh MoU in the Gulf Region are planning the following PSC Concentrated Inspection

Ukraine to Sue Russia Over Maritime

 Ukraine plans to launch legal proceedings against Russia for violating United Nations convention with its annexation of Crimea, the Moscow Times quoted Ukraine’s

British Columbia's Carbon Tax Unchanged

Canada's British Columbia unveiled a new climate action plan on Friday that kept its carbon tax frozen at C$30 per tonne, a move environmental groups warned would

Oil Surges on Reduced Short Positions: Kemp

Hedge funds executed one of the fastest U-turns on record this month as managers turned from super-bearish to cautiously bullish about the outlook for oil prices.

CIMIC sues Chevron over Gorgon LNG Dispute

Australian construction company CIMIC Group said on Monday it had started court proceedings in the United States against Chevron Corp and KBR Inc, seeking as much as A$1.

Fred.Olsen Energy, Hyundai Settle Rig Dispute

Rig firm Fred. Olsen Energy and South Korean yard Hyundai Heavy Industries settle dispute over construction of semi-submersible rig Bollsta Dolphin. Shares in Fred.

NordLB to Shed Shipping Loans to KKR

German state-owned lender NordLB and KKR Credit said they had reached an agreement by which KKR Credit will acquire a $1.5 billion portfolio of shipping loans from

Is DSME Facing Delisting?

 South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME),  faced with risks of being delisted from the stock market due to capital erosion, is seeking measures for survival,

Maersk Break-Up Soon ?

 A.P. Moeller-Maersk A/S, in its strategic review, is considering several options including a two-way split into an energy and a transport company, says a Bloomberg report.

South Africa Ratifies Fishing Vessel Treaty

South Africa has become the seventh state to ratify the 2012 Cape Town Agreement. The treaty, which implements the Torremolinos Protocol, covers various fishing

US Fines Korean Shipper for 2nd Pollution Violation

United States District Court Judge Leslie E. Kobayashi accepted the guilty plea of Doorae Shipping Co., LTD, a South Korean maritime operations company, and sentenced

USCG Aiding Preparation for Subchapter M

U.S. Coast Guard, industry working together in preparation for the implementation of inspected towing vessel regulations   Marine Inspectors from Marine Safety

Vitol: Exxon Mobil Lacked 'transparency' During Torrance Outage

Swiss commodity trader Vitol SA criticized Exxon Mobil Corp this week for failing to be transparent about maintenance at its Los Angeles refinery following a February 2015 blast,

Enterprise Products Approached Williams over Acquisition

Enterprise Products Partners LP approached Williams Companies Inc earlier this summer about combining their businesses, two of the largest U.S. oil and gas pipeline operations,

Lawyer accused of fraud in BP Spill is Acquitted

A prominent Texas lawyer was acquitted on Thursday of charges he made up thousands of fake clients to sue BP Plc for damages that the oil company caused in the 2010 Gulf of Mexico spill,

Samsung Heavy Industries to Raise $985 mln via Rights Issue

South Korean shipbuilder Samsung Heavy Industries Co Ltd said on Friday its board of directors have approved a plan to raise about 1.1 trillion won ($985.22 million) via a rights issue.

 
 
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