Legal News - page 240


Fracking Inquiry Puts Aussie Energy at Risk

Nov 10, 2014

The South Australian Liberal Party risks damaging investor and public confidence in the natural gas industry by moving to establish a Parliamentary inquiry into hydraulic fracturing – an industry practice that has been used safely in the State for many decades…

Additional Fosun Reps Appointed on ROC Board

Nov 10, 2014

The Board of Roc Oil Company Limited (ROC) has today announced the appointment of Dr Yuanlin JIANG, Mr Yao XU and Mr Qunbin WANG as Non-Executive Directors of ROC, as nominees of Transcendent Resources Limited (Fosun), a wholly-owned subsidiary…

Keppel T&T Proposes Listing of Keppel DC REIT

Nov 10, 2014

Keppel Telecommunications & Transportation (Keppel T&T) has today issued a circular to Keppel T&T shareholders together with a notice of extraordinary general meeting (EGM).Approval will be sought at the EGM, which will be held on 25 November 2014…

Caterpillar CEO Will Attend APEC CEO Summit

Nov 09, 2014

Chairman and CEO Doug Oberhelman is joining APEC economic leaders, business decision-makers and academics to discuss opportunities to strengthen regional economic integration and the global multilateral trade system during the 2014 APEC CEO Summit in Beijing…

MHI to Transfer Ownership Stake to MEG

Nov 09, 2014

Mitsubishi Heavy Industries, Ltd. (MHI) yesterday concluded an agreement with Miyaji Engineering Group, Inc. (MEG) whereby, effective April 1, 2015, MHI will transfer a 51% ownership stake in Mitsubishi Heavy Industries Bridge & Steel Structures Engineering Co…

Egypt, Greece, Cyprus Pledge More Energy Cooperation

Nov 09, 2014

Egypt, facing its worst power crisis in decades, on Saturday pledged greater energy cooperation with Greece and Cyprus, a diplomatic move that opened up the possibility of progress in talks to import natural gas from Cyprus.Cypriot President…

Libyan Protesters Stop Oil Exports from Eastern Hariga Port

Nov 09, 2014

Libyan state security guards have started a protest at the eastern Hariga oil port, banning any oil exports, a Libyan oil official said on Saturday.A tanker had been waiting for three days to lift oil but the guards did not allow it, the official said…

In Gazprom Deal, JPMorgan Takes on Business

Nov 09, 2014

When JPMorgan Chase & Co agreed to lead a $700 million bond offering for Russian gas producer Gazprom OAO, it was doing business that some U.S. banks are afraid to do, several lawyers and a banker said.Gazprom faces U.S. sanctions after the U…

Natural Gas Workers in Peru May Strike

Nov 09, 2014

Natural gas workers in Peru, South America's biggest exporter of liquefied natural gas, said on Friday they had pulled out of wage talks with Argentine energy company Pluspetrol and would vote on a possible strike in a few weeks.Pluspetrol leads the consortium that taps Peru's Camisea fields…

Hapag-Lloyd Update on Congestion in Manila.

Nov 08, 2014

The ongoing congestion in Manila has not improved. Consequently, the situation resulted in cumulative delays and build up of containers at the transhipment port in Singapore.In view of this, Hapag-Lloyd will temporarily halt booking acceptance…

Fuel Scandal Sends Traders Scrambling, Investors Eye Lawsuits

Nov 07, 2014

Traders and shipping companies scrambled to source fuel and take over supply contracts on Friday after Danish marine fuel supplier OW Bunker said a suspected fraud at its Singapore subsidiary had pushed it to the brink of bankruptcy.The…

OW Bunker Applies for Court Restructuring

Nov 07, 2014

Following the announcement made yesterday regarding fraud in Singapore and significant risk management loss, the board of directors regret not having found able to find a solution with the syndicate banks. On this basis, it has been decided…

USCG Responds to Report of Downed Aircraft near Panama City

Nov 07, 2014

The Coast Guard is responding to a report of a downed military aircraft approximately 57 miles south of Panama City, Florida, Thursday.Watchstanders at the 8th Coast Guard District received a call from the Air Force at approximately 9:30 a…

Longshore Union’s Job Actions Spread

Nov 06, 2014

ILWU withholds hundreds of skilled workers from vital terminal jobs at Los Angeles andLong Beach Ports, threatening holiday commerce and U.S. economySan Francisco, CA (November 6, 2014) – Escalating its use of orchestrated job actions…

Shippers, Traders Scramble After OW Bunker Says Near Bankruptcy

Nov 06, 2014

Shipping companies and bunker oil traders scrambled to source fuel and take over supply contracts on Thursday after OW Bunker, one of the world's biggest shipping fuel firms, said it faces possible bankruptcy after uncovering internal fraud…

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