Panama Canal Traffic Situation for August / September
It is advised that there will be average traffic delays in Panama Canal. The projected queue as of 24:00 hours on August 23 is 48 vessels. IMPORTANT: The Panama Canal invoked booking Condition 2 for the duration of Miraflores locks lane outage Aug. 26-Sep. 2 which will reduce the amount of booking slots available per day to 10 supers and 6 regulars. All slots for supers are taken Aug. 26-30. Available slots Aug. 31-Sep. 2 will be given in a first-come, first-served basis.
Norman Murray, Petrofac Chairman Quits
Petrofac, the international oil & gas facilities service provider, today announces that Norman Murray, who has been Chairman since May 2011, has resigned from the Board and will step down as Chairman with immediate effect for compassionate reasons. Senior Independent Director, Rijnhard van Tets, will assume the role of Chairman with effect from today. Rijnhard was appointed as a Non-executive Director in May 2007 and became Senior Independent Director in May 2011.
USCG Suspend Search for Missing Man in Biscayne Bay
Coast Guard search-and-rescue crews suspended their search for a burglary suspect in the vicinity of the Rickenbacker Causeway Friday afternoon. At approximately 2 a.m. Friday morning, watchstanders at Coast Guard Sector Miami received a report that two men, suspected of burglary, went missing in the water in the vicinity of the Rickenbacker Causeway in an attempt to evade City of Miami Police officers.
Polynesian Shipping Sold to Neptune Pacific Line
The Board of Polynesian Shipping Line Limited, Apia informed that the business and the Company’s associated investments have been sold to Neptune Pacific Line Limited. The sale is as a going concern and will continue to provide services in the Australian and New Zealand trades to Fiji, the Samoas and the Kingdom of Tonga as well as the interisland trade. In addition, the existing global freight services to the Samoas and Tonga will continue and be developed further.
YPF Oil Extends Operating Agreement with Sinopec to 2027
Argentina's state oil company YPF agreed Friday to extend its operation until 2027 in partnership with a local unit of China's Sinopec oil in an area of a province in the center-west of the country…
Mexican Alfa Tie-up with Pemex for Onshore Exploration
Mexican conglomerate Alfa He is interested in participating in association with the state oil company Pemex Exploration Projects in fields on earth, aunque también hacerlo the rule in shallow waters…
Rosneft and NADL Sign Exchange of Assets Deal
Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects. The document foresees the acquisition by Rosneft of NADL shares through an exchange of assets and investments in NADL charter capital. Moreover agreement’s options contemplate a possibility for Rosneft to increase its stake in NADL according to the development of the cooperation.
Gazprom, Vietnam Boost Cooperation in Energy Sector
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Fam Suan Shon, Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Vietnam to Russia. The meeting addressed the issues of the Russian-Vietnamese cooperation in the energy sector. In particular, the parties praised the results of the joint exploration and…
Kuwait to Boost Oil Exports to China
Kuwait plans to increase the volume of crude oil exports to China to 500,000 barrels a day (bpd) in three years, an executive at the state-run Kuwait Petroleum Corporation (KPC) said Saturday. On Monday, Kuwait concluded a new 10-year deal with a China's Sinopec Corp to nearly double its supplies by offering to ship the oil and sell it on a more competitive cost-and-freight basis. "With new and mutual cooperation between the two parties…
Sinopec's Profit up at 32.5 billion yuan in 1H, 2014
Asia's largest refiner - China Petroleum & Chemical Corporation announced Friday night, according to international accounting standards, the first half net profit of 32.543 billion yuan, an increase of 7.5%. Semi-annual report and display, from January to June the company achieved operating income of 52.268 billion yuan, an increase of 11.8%; basic earnings per share of 0.279 yuan, up by 6.5%, mainly due to the refining and marketing segment operating income grew.
Japanese Technology Helps Farmers to Changes in Climate
The Japanese technology firms are using their experience in saving energy and in cloud technology to help farmers cope with changes in climate, cheaper imports and declining labor. Panasonic, Fujitsu and others looking for an opportunity in a niche market to offset the decline in demand for consumer electronics, are working in greenhouses and controlled by automatic sensors to ensure constant conditions to produce high quality vegetables all year fields .