Chinese PM Inks 2 Agreements During CMA CGM Visit

The CMA CGM Group hosted the Chinese Prime Minister, the French Foreign Affairs Minister and a ministerial delegation at its headquarters in Marseilles, July 1, the global shipping company announced.

Kenyan Port Workers Strike Over Higher Health Costs

More than 2,000 workers at East Africa's biggest port in Kenya's coastal city Mombasa went on strike on Wednesday protesting an increase in the amount they will

Turkey Sees Gas Price Deal with Gazprom in Two Weeks

Turkey and Russia's Gazprom are likely to finalise a deal on natural gas prices by mid-July, Turkish officials told Reuters, after Ankara warned last week it could

A/S Trumf Bunker Joins KPI Bridge Oil Group

KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, has announced the take over of A/S Trumf Bunker. A/S

High Fuel Demand Not Enough to Shore Up Crude

High refinery margins, remaining storage mask glut. Sales of transport fuels have exceeded all expectations this year, making demand from reviving economies

Shell Advances Deep Water GoM Play

Shell takes final investment decision for the Appomattox deep-water development in Gulf of Mexico. Royal Dutch Shell plc has announced the final investment

Gazprom: No Gas Interruptions to EU via Ukraine

Gazprom's Chief Executive Officer Alexei Miller said there were no interruptions in the supply of Russian gas to Europe through Ukraine, the news agency Interfax reported on Wednesday.

Union Vows More Channel Tunnel Disruption

Ferry workers will disrupt traffic through the sub-sea Channel tunnel between France and Britain for 48 hours from midday on Thursday, a union official said. "We

Chinese Carbon Market Doldrums Impact Climate Efforts

China pledges to extend emissions trading to national scheme; prices on existing trading schemes plummet amid policy confusion. Regulatory uncertainty and a

Statoil to Suspend Saipem Rig Contract

Norwegian oil major Statoil said on Wednesday it will suspend a rig contract with Italy's Saipem due to overcapacity in its rig portfolio. The suspension of

Oil Below $63 as Greece Defaults, OPEC 'Floods Market'

Greece misses 1.6 billion euro IMF loan repayment; OPEC, U.S. output rises to multi-year highs. Oil fell below $63 a barrel on Wednesday after Greece defaulted

Ukraine Halts Russian Gas Imports, EU Flow Unaffected

Ukraine halted natural gas imports from Russia on Wednesday after a failure to agree on a price for the third quarter, state transport monopoly Ukrtransgaz said,

Vestas Q2 Order Intake is Highest Since 2010

Danish wind turbine maker Vestas Wind Systems has reported its strongest quarter for five years in terms of order intake. The company secured orders totalling 2,

China Launches Oil & Gas Trading Platform

A new trading platform for oil and gas was launched in China on Wednesday, state media reported, as the world's largest energy consumer looks to extend its influence over global commodity pricing.

Petrobras Promises Fail to Convince Investors

Brazilian state-run oil company Petroleo Brasileiro SA's long history of failed spending and output plans may be the biggest obstacle to its efforts to convince

Beach Begins Gas Supply to Origin Energy

  Long term gas sales agreement with Origin Energy Retail Limited (“Origin”) has been initiated for delivery of up to 139 PJ of sales gas over an initial eight

Samsung Bags $4.7bn Order for 3 FLNG from Shell Gas

 South Korean shipbuilder Samsung Heavy Industries Co. as won a 5.2 trillion won (US$4.7 billion) order to build three floating liquefied natural gas (FLNG) facilities, reports Yonhap.

FLEX Acquires LNG Assets from EXMAR

 Nicolas Saverys-led Exmar has agreed to integrate its LNG assets and infrastructure with those of John Fredriksen’s Geveran and Flex LNG under a new USD 2.3 billion company – Exmar LNG Ltd.

COSCO Receives Fund for Fleet Renewal

 China COSCO Holdings Co Ltd says it has received ship scrapping subsidies for about 3.96 billion yuan ($638.71 million).    It came through China Ocean Shipping,

EU Funds Port Move

 The Port of Cork has received almost EUR13 million in EU funds for the Euro100 million redevelopment of Ringaskiddy, as part of plans to modernize the port.   The

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