Egypt Picks 7 Winners in Tender for 55 LNG Cargoes

 Seven companies reportedly met with Egyptian Natural Gas Holding Co. (EGAS) to discuss an  liquified natural gas (LNG) tender, including: Vitol, Noble Group, Trafigura,

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),

Poland: First LNG Shipment due in Nov-Dec

Poland expects to receive its first cargo of liquefied natural gas at its new LNG terminal at the end of November or early December, the treasury minister was quoted as saying on Sunday.

Statoil Starts Subsea Gas Compression at Gullfaks

Statoil with partners Petoro and OMV have started the world´s first wet gas compression on the seabed of the North Sea Gullfaks field.​ The unique technology

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.

Oil Up on Kuwait Minister Remarks

Both crude oil benchmarks trade close to $50 a barrel. Kuwait oil minister tells Reuters he sees prices rising. Oil prices rose on Monday after Kuwait's oil

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

U.S. Shale Snaps up $50 Oil Hedges

Welcome to the oil market's new vicious cycle. This past week, as oil prices barreled over 9 percent higher to break out of a weeks-long trading range, U.S.

OPEC Sees Higher Demand for its 2016 Output

OPEC Joins IEA in saying non-OPEC supply to fall in 2016. OPEC forecast on Monday that demand for its oil in 2016 would be much higher than previously thought

Ukraine, Russia Ink New Gas Supply Deal

Ukrainian state energy firm Naftogaz and Russia's Gazprom have signed a deal on Russian gas supplies to Ukraine for the winter period and Kiev has already started gas imports,

LR Approval for GTT's Mark V Technology

  GTT, the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), announces that

Yildirim to Sell its CMA CGM Shares

 French shipping company CMA CGM has revealed that the Turkish conglomerate Yildirim Group wants to sell its 24% stake in the carrier.   Yildirim Holding planned

Hapag-Lloyd Continues to Prepare for its IPO

 Confirming that the company is preparing its initial public offering, Hapag-Lloyd said it “expects total gross proceeds in the equivalent euro amount of US$500 million from the IPO,

Malaysia, China to Boosting Port Connectivity

 Malaysia and China are working to boost connectivity between their sea ports to raise bilateral trade to achieve a trade volume of $160bn by 2017, says a report in the Star.

LUKOIL-Komi Gas Flows to GPP

  Associated petroleum gas produced from the northern group of fields owned by LUKOIL-Komi started flowing to the Gazprom-owned Sosnogorsk gas processing plant (GPP).

Retailers Well Stocked as Holidays Approach

Import cargo volume at the nation’s major retail container ports is expected to increase 3.3 percent this month over the same time last year as retailers make final

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