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Vale Profit Falls Amidst Record Output

Brazilian miner Vale SA posted a sharp decline in profit from the previous quarter as lower iron ore prices undermined record production of the steel-making ingredient.

CEO: Siemens Needs Time to Fix Energy Issues

Q3 core profit misses consensus on one-off charges; CEO says problems may persist well into 2015. Siemens AG will need more time to shake off problems at its

Kinder Morgan inks New England Gasline Contracts

Kinder Morgan Energy Partners LP said natural gas distribution companies in New England have agreed to buy firm gas on the U.S. energy company's proposed new pipeline into the region.

Norway Delays Key Gas Maintenance

Norwegian gas system operator Gassco will start a round of maintenance work involving 124 million cubic meters per day one day later than earlier planned, it said in a market message on Wednesday.

FERC Approves Freeport LNG Export Project

U.S. federal regulators on Wednesday approved construction of Freeport LNG Development LP's liquefied natural gas export project in Texas. Freeport is the third U.

Oil India Bids for Murphy Oil's Malaysia Assets

ONGC to own 20 percent stake, Oil India 10 percent; Murphy invited bids for 30 pct stake in Malaysian assets. India's state-owned Oil & Natural Gas Corp and

Apache: Exiting LNG Projects as 2Q Profit Falls

Apache Corp, a U.S. oil and gas company under pressure from activist investor Jana Partners, reported lower quarterly profit on Thursday and said it plans to sell

Exxon Mobil quarterly profit jumps 28 percent

Exxon Mobil Corp, the world's largest publicly traded oil company, said on Thursday its quarterly profit jumped 28 percent on higher prices for crude and natural gas.

Bulgaria Revokes Charge on Solar, Wind Firms

Bulgaria's top court has revoked a 20 percent charge imposed on the income of solar and wind power producers this year, in a ruling that protects renewable energy

ConocoPhillips Q2 Profit, Output Up

ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported a quarterly profit that just beat Wall Street expectations, helped by an increase in oil and gas production.

Marathon Petroleum Profit Up 44 pct

Marathon Petroleum Corp, the third-largest standalone U.S. refining company, said its quarterly profit rose 44 percent, helped by higher crude refining margins on the Gulf of Mexico coast.

Rio's Mozambique Retreat in Advance of Next Commodity Boom

While it's easy to point the finger of blame at Rio Tinto's former management and feel a tad smug about their downfall, the real lesson of the company's humiliating

Africa Oil Prospectors Afren Suspend CEO, COO

London-listed oil explorer Afren Plc said its board had temporarily suspended Chief Executive Osman Shahenshah and Chief Operating Officer Shahid Ullah pending an investigation into payments,

ISC Profit Slip in Q2 2014 but Pay Dividend

International Shipholding Corporation (ISC) has announced financial results for the quarter ended June 30, 2014, summarized here: Net Loss he Company reported a net loss of $664,

Admiral on U.S. Navy & Asia Pacific Re-balancing Act

The commander of U.S. Pacific Command has briefed Pentagon reporters, discussing the U.S. rebalance to the Asia-Pacific region, successful engagement with partners

MOL Aims for Long-term Stability Steadies Past Wobbles

The MOL President Koichi Muto explains his strategies in a letter to shareholders in the company’s Annual Report 2014 and reports an ordinary income of ¥54.9 billion and net income of ¥57.

DW to Present at Upcoming Floating LNG 2014, Houston

Douglas-Westwood (DW) says that its manager in Houston, Andrew B. Meyers will be joining the speakers on the platform at the upcoming 27th-30th October 2014 'Floating

Crowley Maritime Open Singapore Office

Crowley Maritime Corp. says it has opened a full-service project management and logistics solutions office in Singapore under the leadership of industry veteran William Hill.

Growing American Shipping Bill Introduced by Garamendi

Congressman John Garamendi (D-CA-03), Ranking Member of the House Transportation and Infrastructure’s Coast Guard and Maritime Transportation Subcommittee, informs ot the introduction of  H.

EU Names 8 Russians, 3 Firms Subject to Asset Freeze

The European Commission published the names of eight Russians, including some of President Vladimir Putin's associates, and three companies which will have their

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