Finance

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

Newport Shipping Debuts New Revenue Sharing Concept

London-based ship manager Newport Shipping has introduced a new revenue sharing agreement (RSA) concept to the Handysize bulk carrier sector and will now market

Matson Announces Quarterly Dividend

The Board of Directors of Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a U.S. carrier in the Pacific, has declared a fourth quarter dividend of $0.17 per common share.

Clean Marine Wins New Contract

Clean Marine has been selected by Hyundai Mipo Dockyard in South Korea to supply exhaust gas cleaning systems (EGCS) for two new MR tankers. IMO’s convention

Moore Stephens Expects Vessel Operating Cost to Rise

Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, according to a new survey by international accountant and shipping consultant Moore Stephens.

Express Agrees to Be Acquired by Apollo

Premier Oilfield Services Company Partners with Apollo to Support Continued Growth. Express Energy Services (“Express” or the “Company”), a North American oilfield services company,

Statoil Appoints Hutton

Peter Hutton has been appointed senior vice president CFO investor relations and will report to chief financial officer Torgrim Reitan. Hutton is currently director

Proserv Acquired by Riverstone

Energy services company Proserv has reinforced its ambitious growth plans after announcing it has signed a definitive agreement to be acquired by major US private

Pemex Loses $4.4B in Q3

Mexico's state-owned oil company Pemex reported a sharply deeper third quarter loss, nearly 50 percent larger compared to the same period last year, the company

Putin Hopes for Russia-Ukraine Gas Deal Next Week

Russian President Vladimir Putin said on Friday he hoped a deal would be reached next week with Ukraine to end a long-running dispute in which Moscow has halted natural gas supplies to Kiev.

Chesapeake Oilfield Services Pulls IPO Plans

Chesapeake Oilfield Services, a unit of Chesapeake Energy Corp, said on Friday it would withdraw its plans for an initial public offering. The Oklahoma-based company, in a filing with the U.

Putin: Europe Unlikely to Stop Buying Russian Gas

Russian President Vladimir Putin said on Friday he did not expect European countries to stop buying natural gas from Russia as there is no real alternative. "Can

European Prices Flat, Australia Mixed

Newcastle price for Dec. down 25 cents to $64.35/tonne Newcastle price for Jan. inch up 15 cents to $64.75/tonne European physical coal prices for

Steady as Rising Solar, Nuclear Offset Lower Wind Power

Wind power output seen down 840 MW in Germany by Monday French nuclear reactors to restart next week European spot power prices for early next week were barely changed on Friday,

UASC Targets Expansion to Beat Container Market Blues

UASC expects to reach volume of 2.35 mln TEU in 2014 Global carriers still struggling with weak conditions United Arab Shipping Company (UASC) is on a major expansion drive,

Ecoships Claims 15% Ship Efficiency Gain

Ecoships introduced a customized version of the Six Sigma DMAIC approach to process and performance evaluation in order to optimize the energy-efficiency of the vessels under its management.

Growing Supply Pushes December Prices Sharply Lower

Asian spot liquefied natural gas (LNG) prices dropped this week as scarce demand, rising supplies and continuing weak crude oil markets put off hopes of a winter rally.

Spain Appeals Planned Canary Island Vote on Oil Drilling

Spain's government launched an appeal in the Constitutional Court on Friday seeking to halt a Canary Islands referendum next month on a $7-billion oil exploration project,

Prompt Prices Ease on Falling Demand, Mild Weather

Hungarian spot premium persists Wind generation forecast to fall to 3.3 GW Central European day ahead power drifted lower on Friday, pushed down

Genesis Energy Acquires Jones Act Tanker

Genesis Energy, L.P. (GEL)  agreed to acquire for approximately $157 million the M/T American Phoenix from Mid Ocean Tanker Company and two related charters and management agreements.

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