Finance

OW Bunker Bankruptcy has ‘Limited Impact’ on Monjasa

Though OW Bunker’s collapse has varyingly affected many companies around the globe, Danish bunker fuel provider Monjasa A/S said in a statement that the news holds

Tenacious Brazilian Judge Oversees Petrobras Probe

In a country where big court cases often drag on for a decade or more and abruptly fall apart on technicalities, the man leading a bribery probe at Brazil's state-run

Venezuela Willing to Cut Oil Output Along with OPEC

Venezuela would be willing to cut its own oil production if OPEC decides to limit output when it meets on Nov. 27, Foreign Minister Rafael Ramirez said on Thursday.

Enel to price Endesa Shares at 13.5 Euros

Italian utility Enel will price the sale of a stake in its Spanish subsidiary Endesa at 13.5 euros per share, three sources close to the share sale said on Thursday, which would raise about 3.

Sustainability Report: Carnival Ahead of Emissions Goal

Carnival Corporation & plc released a report today detailing its sustainability efforts, including initiatives which enabled the company to meet its corporate goal

EU Funds Study into New Aberdeen Harbor

The EU's TEN-T Program will invest over $940,000 for development studies for a new harbor at Nigg Bay in Aberdeen, Scotland. The harbor is to support the existing

Less Demand, More Renewables Push Down Spot Prices

Forecasts for lower electricity consumption heading into the weekend and expectations for a pick-up in renewable supply pushed spot power prices lower in central and southeastern Europe on Thursday,

European Physical Prices Edge Up, Australia Flat

European physical thermal coal prices inched up on Thursday afternoon amid low volume, while Australian prices were flat. In the European market, cargoes for delivery in January to Amsterdam,

Fulcrum Buys BMT Snyek Technologies

BMT Group announced the sale of BMT Syntek Technologies Inc to Fulcrum Corporation. Fulcrum Corporation, based in Arlington, VA., providies customized services

Russian Firms Face Huge Insurance Costs as Foreign Providers Flee

Russian companies face billions of dollars in extra insurance costs as Western sanctions prompt foreign insurance firms to start pulling out, worried that any business

Telefonica to Use Israeli Software to Cut Energy Costs

Israeli tech start-up eVolution Networks said it won a deal with Telefonica allowing the Spanish telecoms group to use its software to reduce energy consumption in cellular towers.

NAT CEO: Low Oil Prices Benefit the Tanker Market

Nordic American Tankers Limited Chairman & CEO Herbjørn Hansson addressed the impacts of low oil prices on the tanker business in a letter to shareholders, citing

Aussie Tug Engineers take Deal, Cancel Strike

Tug engineers withdrew plans to strike at Port Hedland, Australia's biggest iron ore port, tug operator Teekay Shipping said on Thursday, removing a threat to exports

Mombasa's 2014 Port Cargo to Soar 14 pct

East Africa's biggest port, Mombasa, expects to handle at least 14 percent more cargo this year, helped by its expanded capacity and a marketing drive, its management said on Thursday.

Ineos to Invest Big in UK Shale Gas

Swiss chemicals group Ineos announced on Thursday plans to invest $1 billion in shale gas exploration in Britain as efforts to emulate the U.S. shale boom ramp up.

Shell Completes Nigeria Oil Stake Sale

Royal Dutch Shell said on Thursday it had completed the sale of its 30 percent stake in Nigeria's onshore Oil Mining Lease (OML) 24 in the Eastern Niger Delta to

UK Pledges $1.1 bln to U.N. Climate Effort

UK govt says fund now stands at around $9 bln; Berlin to host donor meeting on Thursday. Britain has pledged up to 720 million pounds ($1.13 billion) on Thursday

Russia No Help in Oil Price War

Russia needs oil price of $100 to balance budget. Oil prices at four-year low of $78 and Russia can't cut output, has no storage to limit exports. Russia can

MoA for APM Terminals in Ghana Port Deal

Port operator APM Terminals, a unit of shipping and oil conglomerate A.P. Moller-Maersk , said on Thursday it had signed a memorandum of understanding with the

Apache Corp to Shed Oil & Gas Assets

Apache Corp said it would sell oil and gas assets in southern Louisiana and the Anadarko Basin, spanning western Oklahoma and the Texas panhandle, for about $1.

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