Ministry Of Finance News

 

Iranian Gas Stations Hit By Cyberattack

Oct 26, 2021

A cyberattack disrupted the sale of heavily subsidized gasoline in Iran on Tuesday, state media reported, causing long lines at gas stations across the country.'The disruption at the refueling system of gas stations... in the past few hours, was caused by a cyberattack,' state broadcaster IRIB said. 'Technical experts are fixing the problem and soon the refueling process...will return to normal.'The…

Inpex to Drill for Gas Offshore Japan

Jan 18, 2022

Japan's biggest oil and gas explorer Inpex Corp will conduct exploratory offshore drilling off western Japan from March to July in the hope of finding natural gas, the company and a ministry of industry official said.The project, off the Yamaguchi and Shimane prefectures…

Abu Dhabi's Offshore Service Firm ZMI Secures up to $500M Financing Facility

Jan 11, 2022

Abu Dhabi's offshore marine services company ZMI Holdings said on Tuesday it had signed and closed a new senior secured financing facility of up to $500 million.It will help ZMI invest further in its growth markets, and provide committed and…

BW Ideol, Jera, ADEME Pen Investment Deal for Floating Wind Projects

Jan 05, 2022

BW Ideol, a company specializing in floating offshore wind solutions has signed an investment agreement with Japan's JERA, and France's ADEME Investissement to create an investment company for financing the co-development of offshore wind projects…

Israeli Ministry Won't Allow Oil Tankers to Enter Red Sea Resort, Potentially Blocking UAE Pipeline Deal

Dec 17, 2021

Israel's Environmental Protection Ministry said on Thursday that it would not allow oil tankers to enter its Red Sea resort of Eilat as planned under a deal with partners from the United Arab Emirates to transport crude from the Gulf to Europe via Israel…

Japan Launches Auction for Happo-Noshiro Offshore Wind Farm

Dec 10, 2021

Japan's industry ministry said on Friday it had launched a public auction to select an operator for the 356 megawatt (MW) offshore wind power project in Happo-Noshiro, off Akita prefecture in northern Japan.The Happo-Noshiro area was selected…

Report: As Power Crisis Worsens, India Presses Qatar for Delayed LNG Cargoes

Oct 18, 2021

India, grappling with its worst power crisis in five years, has asked Qatar to expedite delivery of 58 delayed liquefied natural gas (LNG) cargoes, two sources familiar with the matter said.Asia's third largest economy is suffering its worst…

Bahrain King Abolishes National Oil and Gas Authority

Sep 28, 2021

Bahrain's king issued a royal decree on Monday abolishing the National Oil and Gas Authority (NOGA), with all its functions to be undertaken by the oil ministry, the state-run Bahrain News Agency said.'All the financial appropriations allocated…

Japan to Open Bidding for Akita Area Offshore Wind Farm

Sep 14, 2021

Japan's industry ministry will open bidding for an area off Akita, northern Japan, for the development of an offshore wind farm while designating four 'promising areas' and identifying 10 as potentially suitable for development, it said in a statement…

UAE Proposes Postponing Decision to Extend OPEC+ Pact

Jul 05, 2021

The United Arab Emirates on Sunday said it supported an increase in oil output from August but suggested deferring to another meeting a decision by OPEC+ on extending its global oil supply pact beyond April 2022, state news agency WAM reported…

Japan Sets Aside $3.4B for Hydrogen R&D

May 18, 2021

The Japanese government said on Tuesday it will allocate up to 370 billion yen ($3.4 billion) from its green innovation fund for two projects to accelerate research and development (R&D) and promotion of hydrogen use over the next 10 years.Japan…

China's Fuel Clampdown Curbs Its LCO Imports

Apr 28, 2021

China’s imports of light cycle oil (LCO) are set to fall in coming months as authorities crack down on its illicit trading and sales in South China, dealing a blow to the $10 billion market and to refiners in top supplier South Korea.China’s…

Brent Tops $70 after Houthi Attack on Saudi Oil Export Hub

Mar 08, 2021

Yemen's Houthi forces fired drones and missiles at the heart of Saudi Arabia's oil industry on Sunday, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports, in what Riyadh called a failed assault on global energy security…

Guyana Terminates Taiwan Office Deal amid China Pressure

Feb 05, 2021

Guyana on Thursday abruptly terminated an agreement with Taiwan to open an office in the South American country, hours after China urged Georgetown to 'correct their mistake.'Taiwan's foreign ministry earlier on Thursday said it had signed an agreement with Guyana on Jan…

Sherrard Enhances Squire Patton Boggs Commodities and Shipping Capabilities

Jan 04, 2021

Squire Patton Boggs continued the expansion of its commodities and shipping capabilities with the addition of partner Kate Sherrard into its Financial Services Practice. She joins the firm from Clifford Chance where she was Head of the Asia…

Logistics News

Energy Transition: LNG Prices Plummet, Dual-fuel LNG Newbuilds Rise

Energy Transition: LNG Prices Plummet, Dual-fuel LNG Newbuilds Rise

Simulators Track our Changing Relationship with Technology

Simulators Track our Changing Relationship with Technology

Wallenius Wilhelmsen Inks Long-Term Lease for Georgia’s Brunswick Port

Wallenius Wilhelmsen Inks Long-Term Lease for Georgia’s Brunswick Port

Maersk Mulls Baltimore Barge Service

Maersk Mulls Baltimore Barge Service

Subscribe for Maritime Logistics Professional E‑News