Legal

US Oil Group File Lawsuit against EPA over Biofuels Policy

The American Fuel & Petrochemical Manufacturers (AFPM) said on Wednesday it has filed a lawsuit challenging the U.S. environment regulator's biofuels policy, the

SBM Offshore: US Authorities Reopen Corruption Probe

SBM Offshore, the world's top oil production ship leasing company, said on Wednesday that U.S. authorities had re-opened an inquiry into bribery allegations involving the Dutch company.

Caterpillar Names Official Dealer for Cuba

Caterpillar Inc. has named privately owned Puerto Rico-based company Rimco as the official Cat dealer for Cuba. Rimco, a longtime Cat partner, currently serves

U.S. Okays ConocoPhillips Alaska LNG Exports

The U.S. Department of Energy approved ConocoPhillips' application to export about 40 billion cubic feet of natural gas from its Kenai liquefied natural gas export

Maersk, MSC, 13 Others Offer to Settle EU Probe

Companies offer to announce actual prices, not future plans. Shipping container groups Maersk, MSC and 13 other companies have offered to change their pricing

Foreign Oil Firms to Settle Iran's Debt in Euros

Iran's oil minister said foreign oil companies that owe his country billions of dollars are likely to settle their debts in euros. Greece's Hellenic Petroleum,

Russia's Sechin's Output Question: Who is going to cut?

The head of Russian oil major Rosneft, Igor Sechin, when asked if world oil exporters could reach consensus on cutting crude production, responded on Wednesday

$55M Berth Upgrade in Townsville Port

Townsville contractor CivilPlus Constructions has been awarded the design and construct tender for the primary wharf works component of Port of Townsville’s $55 million Berth 4 Upgrade project.

Container Weighing at Felixstowe Port

The Port of Felixstowe has confirmed that it will offer a container weighing service to ensure UK shippers are able to comply with new international regulations

LCK - Change in Management Structure

The Board of Leigh Creek Energy's (LCK) executive management team has been restructured to better meet the needs of the Company over the next twelve months. As

CMA-CGM and Cosco Alliance in the Offing?

 The newly-formed shipping giant China Cosco Shipping Corporation and CMA CGM met recently in Shanghai to discuss the possibility of a new French-Asian alliance, say local Chinese media.

Containers to Be Weighed Before Departure

In a new measure aiming to minimize the number of shipping accidents, packed containers intended to be carried on international sea voyages must be weighed before being loaded, starting July 1, 2016.

Noncompliant Cargo Ship Banned from Australia

The 86-meter general cargo ship Noah Satu has been prohibited from entering or using any Australian ports for the second time in less than 12 months, following another round of safety,

Engie Sheds North Sea Oilfield Stake

France's Engie has sold a 20-percent stake in a North Sea oilfield for an undisclosed sum to Wellesley Petroleum, a Norwegian oil firm with private equity backing, it said on Tuesday.

Gazprom Neft: Arctic Oil Supply Deal Signed

Gazprom Neft, the oil arm of Russian gas giant Gazprom, said on Tuesday it had prolonged a deal to supply oil from the Prirazlomnoye Arctic oil field with an unnamed international firm in 2016.

Iraq raises March Basra Light OSP to Asia

Iraq crude prices follow Saudi OSPs; Mideast OPEC producers fight for market share in Asia. Iraq has raised the March official selling price (OSP) for Basra Light crude to Asia by $0.

Grounded Giant Chinese Boxship Freed

One of the world's largest container ships has been freed from a mud bank after running aground almost a week ago near Germany's largest port of Hamburg, German authorities said on Tuesday.

Migrants Reaching Europe by Sea Soars 10-fold

Ten times as many migrants and refugees arrived in Europe by sea in the first six weeks of the year as in the same period of 2015, and the number of deaths also soared,

Russia Appeals $50 bln International Damage Edict

Russia on Tuesday began its appeal in the Netherlands against an international arbitration order that Moscow pay $50 billion in damages to shareholders in the defunct Russian oil giant Yukos.

Vestas Contracts Point to Strong 2016

Denmark's Vestas beat forecasts with record orders for new wind turbines last year, signalling continued strong demand for renewable energy despite a plunge in fossil fuel prices.

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