Finance

White House: Climate Change Action Now or Costs Soar

Putting off expensive measures to curb climate change will only cost the United States more in the long run, the White House said on Tuesday in a report meant to

White House: Condensate Export Decisions 'not coordinated'

The U.S. Commerce Department's decision to give two companies permission last month to export lightly processed crude oil was not coordinated with the White House,

Global Nuclear Power Falls to Lowest Level Since 1980s

Atomic power's share of global electricity supply is at the lowest level since the 1980s following the shutdown of Japan's reactors after the Fukushima disaster,

Chesapeake Energy Buying Back Preferred Shares

Chesapeake Energy Corp said it would spend $1.26 billion to buy back all of the outstanding preferred shares issued by its CHK Utica unit to simplify its balance

Talisman Energy Posts Surprise Loss

Talisman Energy Inc, Canada's fifth-largest independent petroleum producer, reported a surprise loss, hurt by lower gas prices in North America and higher royalty payments on production.

National Oilwell Profit Beats Street, Rig Margins Up

National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a better-than-expected rise in profit for the fourth quarter in a row due to

Fire at CVR Energy Refinery Injures Four

A fire which lasted about an hour injured four people early Tuesday at CVR Energy Inc's Coffeyville, Kansas refinery, according to local media reports. The fire,

BP's Whiting Refinery Processing 270,000 bpd in Heavy Crude

BP's 405,000-barrel-per-day Whiting refinery reached a record heavy crude oil processing level of 270,000 bpd in the second quarter, the oil and gas company said on Tuesday.

Yukos Shareholders Ready for $50 bln Compensation Talks

Shareholders of former Russian oil producer Yukos are ready to discuss with Russia a court's decision to award them $50 billion in compensation, Tim Osborne, director of holding company GML,

China Oil Demand Masks Diesel Weakness

China's refineries produced the most fuel on record in June and oil consumption reached the highest in 17 months, but there are still doubts as to the true strength of demand.

Arch Coal Loss Widens, Prices Weak

Arch Coal Inc reported a bigger quarterly loss as it continued to face transport issues and low prices for steel-making coal. The company's loss widened to $97 million,

Brent Dips Toward US$107 on Back of Ample Supplies

* Global oil supply seen rising fastest in a decade * Israel warns of protracted war in Gaza * Libya slides into chaos, but low output factored in * Coming up:

Diana Containerships Q2 & 1H 2014 Financial Results

Greece-based Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported net income of $0.6 million for the second quarter of 2014,

Mercator Lines Profit Hit by Low Bulk Freight Rate

Mercator Lines (Singapore) reported a revenue of US$ 16.5 million for Q1 2015, an increase of 19% as compared to correspoding period in the previous previous year, however a net loss of US$ 7.

Warning: Fraudsters Invoice Ships for Needless Clean-ups

Diversified marine insurer Skuld informs that fraudsters have sought to obtain payment for alleged services provided for alleged pollution matters and clean-up work.

China Shipyards Bag the Week's Ocean-going Newbuild Orders

Reported ordering this week has been exclusively focussed on the Chinese yards, says Clarkson Hellas in their latest 'S&P Weekly Bulletin'. Dry bulk carriers COSCO

Aker Philadelphia Shipyard ASA: Purchase of own shares

  Aker Philadelphia Shipyard AKPS), a leading U.S. commercial shipyard constructing vessels for operation in the Jones Act market, has on July 25, 2014 purchased 1,

Scorpio Tankers Report Q2, 1H 2014 Profit Slip

Scorpio Tankers Inc. has reported its results for the three and six months ended June 30, 2014. Highlights excerpted here as follows: Results for the three months ended June 30,

Danaos Corporation 2Q and 1H 2014 Results

  Danaos Corporation ("Danaos") (NYSE: DAC), a leading international owner of containerships, today reported unaudited results for the period ended June 30, 2014.

Corvus Energy, GMC Close Financing Agreement

Corvus Energy today announced that it has completed a strategic investment by Green Marine Capital (GMC) previously announced on May 5, 2014. Green Marine Capital,

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