News

Tanzania's Energy Minister Resigns

  Tanzania's Energy and Minerals Minister Sospeter Muhongo resigned on Saturday amid a graft scandal that has rocked the gas-rich country and led Western donors to delay aid,

Oil Majors to Preserve Dividends Despite Oil Collapse

  Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and

China's COSCO Group Returns to Profit

China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday, citing an interview with the group's chairman.

Brent Closes Up, U.S. Crude Down After Saudi King Dies

  Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply. Saudi Arabia's new king,

Peru Grants Permit for Chinese-owned Mine

  The government has granted Chinese-owned Jinzhao Mining Peru the environmental permit for its proposed $1.5 billion Pampa de Pongo iron mine, estimated to produce 22.

Collision With lock Gate in Kiel Canal

  Delays can be expected in the Kiel Canal following a collision this yesterday, 23 January, with the small north lock gate at Brunsbuettel. Only the big north

Petrobras Develops Technology to Cut GHG

  Petrobras develops a new technology that reduces the emission of gases that cause greenhouse A new technology to reduce the emission of greenhouse gases (GHG)

Naval Air Forces Holds Change of Command

  Commander, Naval Air Forces (CNAF) held a change of command ceremony aboard the aircraft carrier USS John C. Stennis (CVN 74) at Naval Air Station North Island Jan.

Liebherr to Debut 5-Axle Mobile Crane

  Liebherr will be showing its new 160-tonne mobile crane LTM 1160-5.2 at the Intermat 2015 in Paris, France. This crane on a five-axle chassis was presented to

MSC Sinfonia Upgradation at Fincantieri Shipyard

  Extension operations on MSC Sinfonia, the second out of four MSC cruise ships to undergo the Renaissance Programme of enhancements, have begunin the past days at Fincantieri shipyard in Palermo.

Genel Energy Trading & Operations Update

  Genel Energy plc issues the following trading and operations update in advance of the Company's full-year 2014 results, which are scheduled for release on 5 March 2015.

Irving Celebrates Canadian AOPS Build Contract

Government of Canada & Irving Shipbuilding mark signing of $2.3 billion AOPS build contract; 3,600 Jobs across Canada generated from Irving’s NSPS commitments to

Yamal LNG Inks Deal with Gazprom to Sell LNG in Asia

A trading subsidary of Russian gas producer Yamal LNG has signed a long-term supply contract with a trading subsidiary of Gazprom, under which liquefied natural

BIRNS Expands Sales and Marketing Team

BIRNS, Inc. has expanded its sales and marketing force with the addition of Laura Powell as sales associate and Penny Nuntavong as sales and marketing associate.

Oil Platform Ablaze in the Gulf of Mexico

Fire broke out on an unmanned oil platform in the Gulf of Mexico approximately five miles south of Port Fourchon, La., the Bureau of Safety and Environmental Enforcement (BSEE) reported.

Anadarko Finalizes Tronox Settlement

Anadarko Petroleum Corp said in a regulatory filing on Friday that it has finalized its $5 billion settlement with Tronox Ltd, ending a long-running legal saga related to environmental clean-up costs.

Venezuela Eyes Double-digit Yield on Citgo Debt Sale

Venezuela's US oil-refining unit Citgo will probably have to pay double-digit yields to lure investors into a US$2.5bn financing package aimed at pumping new cash into its state-owned parent PDVSA.

GE Profit Rises Despite Flagging Oil Unit Sales

General Electric Co reported a 9 percent rise in quarterly industrial profit on Friday as its businesses that sell power-generating turbines and jet engines helped

Global LNG Prices Fall on Lacklustre Demand

Asian spot liquefied natural gas prices for March delivery fell sharply for a second week as traders said supply disruptions failed to derail the market's downward trajectory weighed by weak demand.

India to Open Coal to Commercial Mining Firms

India expects to hold auctions for private firms to mine and sell coal in the near future, the country's coal and power minister Piyush Goyal said but first wants

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