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Americas
Trial transit of Panama Canal’s new Cocoli locks completed
The new Cocoli locks at the Panama Canal’s Pacific end were subjected to a trial transit on Monday as the…
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Americas
Petrobras weighing up offers for its fuel distribution arm
Petrobras, Brazil’s troubled state oil firm, has received bids for its fuel retail unit BR Distribuidora S.A., according to Reuters.…
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Americas
PDVSA says it can stave off default if oil stays at $50 per barrel
Venezuela’s state oil firm PDVSA, believed to be billions of dollars in arrears to various service providers, could avoid default…
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Americas
Pemex agrees $1.2bn sale and leaseback with US-based equity fund
Mexico’s troubled state oil firm Pemex announced a deal with US private equity fund KKR whereby Pemex will sell some…
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Americas
Petrobras confirms Libra consortium’s large oil find in the Atlantic
Brazil’s state oil firm Petrobras has confirmed a huge oil find in the Libra field in the Atlantic Ocean. Petrobras…
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Americas
Future of offshore drilling in the US Arctic in the balance
The future of offshore oil and gas drilling in the US Arctic is in the balance as the Obama administration…
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Americas
Hercules Offshore lays off 60 workers
Houston-based offshore oil driller Hercules Offshore has started laying off workers, with 60 jobs cut in its home city. The…
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Americas
Pemex readying asset sell-offs, farm outs and joint ventures
The CEO of Pemex, Jose Antonio Gonzalez Anaya, says the Mexican state oil firm is picking up the pace of…
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Americas
Petrobras workers face major pay cuts
Pedro Parente, the recently appointed new CEO of Brazil’s troubled state oil firm Petrobras, is planning to slash pay and…
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Dry Cargo
Scorpio Bulkers raising cash with new share offering
NYSE-listed Scorpio Bulkers on Tuesday announced it will make a public offering of 20 million shares of its common stock.…
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Americas
Court papers allege Singapore firms paid over $9.5m in bribes for Petrobras contracts
Prominent Singapore companies Keppel and Sembcorp Marine are accused in US court documents of paying specific amounts in the Petrobras…
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Americas
Roger Blough heads to Wisconsin shipyard for repairs
The Canadian-owned Great Lakes freighter Roger Blough, which grounded in US waters of Lake Superior on May 27, has been…
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Americas
Port of NY and NJ plan upgrade to handle 14,000 teu containerships
The Port of New York and New Jersey will be ready to accommodate 14,000 teu vessels before the end of…
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Americas
Amendment to exempt Puerto Rico from Jones Act rejected
The US House of Representatives Rules Committee has rejected a proposed bill amendment that would have exempted Puerto Rico from…
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Americas
Call to halt seismic testing in the Atlantic
A large group of US Congressmen has signed a letter to US President Barack Obama urging a cessation to the…
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Americas
Draft restrictions lifted at Panama Canal
The Panama Canal Authority (ACP) announced on Thursday it is lifting all the draft restrictions that have been in play…
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Americas
Shell Canada donates its Arctic exploration permits to conservancy charity
Shell Canada, the Canadian subsidiary of the Anglo-Dutch supermajor, on Wednesday donated its Arctic offshore oil exploration rights to the…
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Americas
Miscommunication and pilot failure likeliest causes of Houston Ship Channel collision
The US National Transportation Safety Board (NTSB) has announced that the most likely cause of a ship collision last year…
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Americas
AMP slams bill amendment to exempt Puerto Rico from the Jones Act
A politician’s proposal to exempt Puerto Rico from the Jones Act has come under heavy fire from the US marine…
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Americas
Former executive at Chile’s CSAV indicted for price rigging at US ports
A former executive at Chile’s Compania Sudamericana de Vapores (CSAV) on Tuesday was indicted by a US grand jury in Maryland…
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