Cenovus Energy Inc , Canada's No.2 independent oil producer, said on Friday it has received regulatory approval for its Telephone Lake oil sands project, a facility that could eventually produce more than 300,000 barrels of oil per day.The…
MAN Diesel & Turbo has secured a contract for the supply of four 9L48/60CR engines for the diesel-mechanical propulsion of two passenger ferries for Chinese shipping companies, Huadong Ferry and Dadong Ferry. The two newbuildings are currently under construction at Huanghai Shipyard in Shangdong…
With regards news reports involving SBM Offshore, Petrobras wishes to clarify the following:The company established an Internal Investigation Commission on February 13, 2014, the same day it became aware of the news about the alleged payment of bribes by SBM to Petrobras employees…
Effective April 1, 2015 Mitsubishi Heavy Industries, Ltd. (MHI) will revamp its production structure for casting products. From that date all current Group casting operations will be consolidated at the company's Futami Plant, part of its Kobe Shipyard & Machinery Works…
A shortage of inland transport capacity and increased waiting times for lorries at ports in the south of England have brought an uplift in the volume of containers to the Port of Liverpool.Over the last 12 months Metro Shipping has transferred…
Essar Ports Ltd. (Essar Ports), part of the Essar, today announced its unaudited results for the quarter ended September 2014.Highlights of Consolidated Results:*Revenue for the quarter increased by 1% at Rs. 435.3 crore as against Rs…
Brent crude jumped almost $2 a barrel on Friday for its biggest daily gain in three weeks as support emerged a day after prices crashed to four-year lows below $80, but analysts were skeptical the rebound would continue, citing concerns over oversupply…
Leaders at the G20 Summit are seeking to lay the foundations for a new global energy trade regime to help ensure open markets and prevent oil and gas supplies being used as tools of foreign policy, the Australian newspaper reported on Saturday…
Following the results of nine months of 2014, Syzran Refinery, a part of the Samara group of refineries of Rosneft, increased output of major oil products compared to the same period in 2013.For instance, almost 1.5 million tons of diesel…
Simrad Yachting, announced today its partnership with Key West Boats, Inc. With a reputation for uncompromising attention to detail, particularly in construction and design, Key West has established a history of a worry-free experience for…
Notice of foreign vessels and crew arriving at PTK Cabang Cilacap (the Government terminal in Cilacap) must be sent to the Immigration office at least 48 hours (2x24 hours) before arrival.Failure to comply with this regulation will result in a fine of up to (equivalent to approximately USD 4…
The Shipping Corporation of India declared its unaudited financial results for the quarter ended 30.09.2014 posting a profit of Rs.18.59 Crores as compared to a loss of Rs.123.53 crores during the quarter ended 30.09.2013. This has resulted in a cumulative profit of Rs…
Q3 TRADING UPDATE - HIGHLIGHTSGood third quarter with sizable financial settlements on old projectsOrder book increased slightly to EUR 3.3 billion2014 OUTLOOKMarket conditions remain challengingGood second half-year expectedFull…
Hamburg Süd shipping line has awarded the contract for handling its new EMCS – Europe-Mexico/Caribbean Service to EUROGATE Container Terminal Hamburg. The first ship will berth at the terminal on 13 November 2014. The regular service links…
The 'Consórcio Tomé Ferrostaal' (CTF) named consortium of Rheinmetall International Engineering, a joint venture of Ferrostaal and Rheinmetall, and the Brazilian company Tomé Engenharia have handed over two modules for the first of a series…
