The Yamal LNG project finance deal with major Chinese banks has reduced the likelihood of significant project delays, and further capital injections from the project partners are much less likely to be needed, according to Fitch Ratings.
Turbine Transfers, a wholly owned subsidiary of Holyhead Towing Company, has won a contract to support Van Oord during the installation of foundations at the 258MW Burbo Bank Extension offshore wind farm in Liverpool Bay. Porth Eilian, an 18-metre offshore support vessel, has been deployed to provid
Turbine Transfers, a wholly owned subsidiary of Holyhead Towing Company, has won a contract to support Van Oord during the installation of foundations at the 258MW Burbo Bank Extension offshore wind farm in Liverpool Bay. Porth Eilian, an 18-metre offshore support vessel, has been deployed to provid
The Port of Oakland is extending its USD 1.5 million subsidy program aimed at stimulating night and weekend business that was scheduled to expire this week. Within the subsidy program launched in February 2016, the port opened its terminal gates at night and weekends in order to increase access hour
Ship recycling practices in Alang, India, are gradually improving, the European Community Shipowners’ Associations (ECSA) says, following a fact-finding visit from last week to Alang. “The European Commission should acknowledge this positive development under the EU Ship Recycling Regulation. Adopti
Marathon Oil Corporation, an oil and gas exploration and production company, saw its loss deepen and revenues drop during the first quarter of 2016. Marathon Oil reported a net loss of $407 million, compared to a loss of $276 million in the same period last year. The company also reported a first qu
Spanish energy giant Repsol on Thursday informed its first quarter net profit plunged 43 percent to €434 million from €761 million in the corresponding quarter in 2015.
The International Chamber of Shipping (ICS) plans to push for an improvement on the present system of the York Antwerp Rules of General Average in the proposed revision during the Comité Maritime International (CMI) Conference, being held in New York this week. Furthermore, the ICS said that it inte
Spanish oil company Repsol saw its net income for the quarter drop by 43 percent when compared to the prior-year quarter. The company’s net income dropped to 434 million euros in the first quarter 2016, from 761 million euros in the same period last year. Repsol posted an adjusted net income of 572
Polish Gas and Oil Company (PGNiG) on Wednesday informed it is looking to buy five cargoes of liquefied natural gas on the spot market.
A tanker identified as MT Marina was arrested due to suspected illegal bunkering activities by the Nigerian Navy personnel on April 28, according to the navy. At the time of the arrest the vessel, which was loaded with 100 metric tons (MT) of illegal refined automotive gas oil, was conducting a rout
TransCanada Corporation on Wednesday said it has withdrawn and will refile on May 6 its pre-merger notification for the planned acquisition of Columbia Pipeline Group.
Chevron on Thursday informed that Nigel Heame, currently deputy managing director of Chevron Australia and its Australasia business unit, has been named the managing director of the ABU, effective June 1, 2016.
One of the two Italian Navy marines, being held in India after they were accused of killing two Indian fishermen in February 2012 while on anti-piracy duty, was granted permission to return to Italy until the arbitration process, which began in June 2015, is concluded, the Italian Ministry of Foreig
