News

Kuwait Petroleum International says Oil prices to reach $50 a barrel mid-2017

Kuwait Petroleum International said on Saturday oil prices could reach a range of $50 to $60 a barrel by mid-2017, the official Kuwait news agency reported. The

Nord Stream II to be Implemented on Schedule - Gazprom CEO

The Nord Stream II pipeline project will be implemented on schedule by the end of 2019 and laying of pipes for the project will start next year, Alexei Miller, chief executive of Russia's Gazprom,

Brazil's CEEE to sell stakes in Wind Farms, Dams

Brazil's Companhia Estadual de Energia Elétrica (CEEE), a power utility controlled by the state of Rio Grande do Sul, will sell assets including stakes in wind farms,

Chile Exports Electricity to Argentina for First Time

Chile begun selling electricity to neighboring Argentina for the first time ever on Friday, said local power producer AES Gener SA, which owns the transmission line used for the transfer.

Pemex Taps Alternative Funding Source in KKR Loan

 A US$1.35bn loan to finance KKR's purchase of Pemex assets could be the first of several such transactions as the Mexican state-owned oil company seeks to tap alternative funding sources.

N.E. Fishermen Warned of Extreme Cold, Wind Chills

The Coast Guard is urging the Massachusetts and Rhode Island fishing fleet to take caution heading into the weekend when life threatening temperatures and wind chills are forecasted.

Europa Wins Licensing Option in offshore Ireland

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, announced that it has been awarded

Hapag-Lloyd Enhances Conosur Service

Hapag-Lloyd has informed about its service enhancements on the Conosur Service (South America West Coast to South America East Coast). This is being upgraded by

SBM Offshore Dividend Returns in 2015

Financial Highlights   * Directional revenue in line with expectations at US$2.6 billion   * Underlying Directional1 EBIT of US$348 million and underlying EPS of $0.

Green Appointed President, Chevron Asia Pacific E&P

Chevron Corporation (NYSE:CVX) today named Stephen W. Green president of Chevron Asia Pacific Exploration and Production effective April 1, 2016. Green, 58, succeeds Melody B.

Andy Lawrence Joins T&T Salvage

Andy Lawrence has signed on to bring his background and experience to T&T Salvage’s global response team, where he will have the opportunity to apply his know-how and grow professionally,

Nordana Sea Delivered to Symphony Shipping

After successful sea trials, M.V. Nordana Sea was delivered to Symphony Shipping on February 11, 2016. Constructed by builder Ferus-Smit in the Netherlands (yard number 419),

WQIS Hires Mongello as COO and Senior VP

WQIS, underwriter of pollution liability insurance for marine vessels, has created the new position of Chief Operating Officer and has selected Justin A. Mongello to fill the role,

NATO Ships Arrive in Batumi

This morning, four NATO ships assigned to Standing NATO Mine Counter-Measures Group TWO (SNMCMG2) arrived in Batumi, Georgia for a scheduled visit in an effort

US Oil Drillers Cut Rigs to Least in 6 Years

U.S. energy firms this week cut oil rigs for an eighth week in a row to the lowest levels since January 2010, data showed on Friday, as energy firms continue to

Polarcus Extends Bareboat Agreement with SCF Group

Polarcus Limited announced a three-year extension of the Bareboat Charter Party Agreement (BBCP) for M/V Vyacheslav Tikhonov between Polarcus Selma Limited, Polarcus' wholly owned subsidiary,

SunEdison Restrained from 'Unusual' Asset Transfers

Solar company SunEdison Inc said a U.S. court has restrained the company from making any unusual asset transfers until a hearing in a lawsuit brought on by investors

Valero Energy Sues US EPA over Biofuels Plan

Valero Energy Corp filed lawsuits against the U.S. Environmental Protection Agency on Friday to push the regulator to alter a U.S. policy designed to boost use of renewables in transportation fuels.

Canada Government May Fund Clean-up of Spent Oil Wells

Ottawa may help pay for the clean-up of spent oil wells, Canadian Natural Resources Minister Jim Carr said on Friday.   A crash in crude oil prices has led oil companies to abandon more wells,

OMV Looks to Sell Turkish Unit Petrol Ofisi

Austrian oil group OMV said on Friday that it is putting its Turkish subsidiary Petrol Ofisi up for sale as part of its strategy to dispose of non-core assets.   OMV

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