Legal

Petrobras Downgrade Shakes Market

Moody's shocked bond investors this week with a surprise two-notch downgrade that put Brazilian oil company Petrobras in junk territory. The move was seen by some investors as overly assertive,

Petrobras Names Navarro to Board of Directors

Brazil's state-run oil company Petroleo Brasileiro SA said on Friday that lawyer Luiz Navarro was named to the board of directors.   Navarro will take a seat

Watchdog Says Romanian Energy Regulator has Conflict of Interest

Romania's anti-graft watchdog has accused the head of national energy regulator ANRE of breaching its rules by simultaneously running a private gas services firm.

Rowan Reports Q4 Loss

Contract driller Rowan Cos Plc reported a quarterly loss compared with a profit a year earlier, as it wrote down the value of 12 of its oldest jack-up rigs by $438.

Statoil: Peregrino Phase II Plan Submitted

Following the sanction of the Peregrino phase 2 project in December, Statoil together with its partner Sinochem submitted the Plan of Development (PoD) to the National Agency of Petroleum,

Naftogaz Sends $15 mln Gas Payments to Gazprom

Ukrainian state gas company Naftogaz has sent $15 million to Russian gas producer Gazprom for gas supplies, Naftogaz CEO Andriy Kobolev said on Friday. Earlier,

Petrobras Denies Hiring JPMorgan for License Sales

Petróleo Brasileiro SA denied on Friday that it has hired JPMorgan Chase & Co to handle the sale of oil exploration licenses in deep-sea areas off the coast this year.

Angola to Auction 15 Offshore Blocks

Angola will this year auction 15 new oil blocks in the ultra-deep offshore waters where most of its current oil production comes from, while rights to explore 10 onshore blocks will also be issued,

PetroChina, Sinopec Merger Makes Little Sense

The market chatter over forming a giant Chinese oil major through merging PetroChina and Sinopec has ramped up again recently, but the motivations for such a deal struggle to stand up to scrutiny.

Vattenfall Win Offshore Denmark Wind Tender

Sweden's state-owned Vattenfall has won a tender to build a wind park off Denmark, which is expected to produce the world's cheapest offshore wind energy, Denmark's

USCG Makes Change in Fort Pierce Inlet Safety Zone

  The Coast Guard has made a change in the Fort Pierce Inlet safety zone Thursday afternoon. Recreational vessels with less than six-foot draft are now allowed

Woodside to Issue Corporate Bonds

  Woodside has entered into an agreement for the issuance of US$1 billion in corporate bonds into the United States 144A bond market. Settlement of the offering

Holland America Line Wins Cruise Critic Cruisers’ Choice Awards

  Holland America Line won top honors in four categories in the 2015 Cruise Critic Cruisers’ Choice Awards. The premium cruise line took first place in Best Dining

Statoil Submits plan for Peregrino Phase II

  Following the sanction of the Peregrino phase 2 project in December, Statoil together with its partner Sinochem submitted the Plan of Development (PoD) to the National Agency of Petroleum,

ST Engineering Y-O-Y Profits Slip

  Singapore Technologies Engineering Ltd  reported today its full year financial results ended 31 December 2014 (FY2014) with a Group revenue of $6.54b compared to $6.

Sulphur Enforcement Begins in Denmark

  For the first time all 16 SECA countries met for the Danish Maritime Authority’s workshop on sulphur regulation enforcement. The leaving participants’ suitcases

Industry Award for Express Global Logistics

  Express Global Logistics Pvt. Ltd.,(EXG), formerly known as Express Transport Private Limited has been bestowed the ‘ Freight Forwarder of the Year – Project

Höegh LNG to Pay 1st Q Dividend

  Pursuant to the fourth quarter 2014 financial statement approved by the Board of Höegh LNG Holdings Ltd., on 25 February 2015 and it has been decide that same

Dryships in the Red

DryShips Inc. and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, today announced its unaudited financial and

MCPON Stevens Delivers Congressional Testimony

  Master Chief Petty Officer of the Navy (MCPON)(AW/NAC) Michael Stevens testified before Congress Feb. 25. Stevens appeared before the House and Armed Services

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