Illinois Soybean Growers Encouraged by U.S-China Trade Talks
Lynn Rohrscheib, Illinois Soybean Growers (ISG) chairwoman and a soybean farmer from Fairmount, Ill., released the following statement in response to U.S. and China announcing continued trade discussions: “As the nation’s top soybean-producing state, we are encouraged that talks are occurring between the United States and China leaders with hopes that our soybean market can be restored. Free trade and access to markets are critically important to producers’ livelihoods and profitability.
Petrobras, Murphy to Explore in GoM
Brazil's state-controlled Petroleo Brasileiro SA (Petrobras) said on Monday it had sealed a joint venture with Murphy Exploration & Production Company to explore oil and gas fields in the Gulf of Mexico, according to a securities filing.Petrobras received $795 million for the deal, and will have a 20 percent stake in the venture.Reporting by Carolina Mandl
SSY Pacific Capesize Index Rises Sharply
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rise by 356 points in the week ending Monday to 4,803."The SSY Pacific Capesize Index led to a four-week high of 4,803 points, however,this still marked a sizeable annual drop of 2,104 points.The W.Australia-China iron ore spot rate gained $0.50/t to $7.50/t, as the Pacific round-voyage rate (basis 180k dwt) jumped to $15,400/day from $10,850/day the week before." SSY said.source: Reuters
Coast Guard Urges Caution after Barge Capsizes near Nahant
The Coast Guard is warning mariners to use caution and avoid the North and South Boston Main Channels after a barge carrying construction equipment capsized and…
Nautilus Minerals to Acquire Production Support Vessel
The underwater mineral exploration company headquartered in Toronto Nautilus Minerals Inc. is currently negotiating the terms of an agreement with arm's length third…
Trinidad Signs Pact with BP, Shell
The government of Trinidad and Tobago (T&T) has entered into an agreement with energy giantsShell and BP over gas pricing and LNG activities.According to local media reports…
E.on Officially Opens Rampion Offshore Wind Farm
The 400-MW Rampion offshore wind farm off the Sussex coast in the UK has been officially opened, said German energy company E.on SE. The offshore wind farm now generating…
Mitsubishi Corporation Part-divests in Moray East Offshore Wind Project
Japan's largest trading company Mitsubishi Corporation (MC) announced the divestment of shares in Diamond Green Limited, with 30% to be transferred to The Kansai Electric Power Co.…
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