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Americas
Judge grants final approval to BP’s civil settlement over Deepwater Horizon disaster
A US federal judge on Monday granted final approval to BP’s $18.7bn civil settlement over the 2010 Deepwater Horizon disaster,…
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Americas
Petrobras tried and failed to go to arbitration over Sete Brasil contract
Petrobras, Brazil’s mightily troubled state oil firm, recently tried and failed in a bit to go to arbitration to re-do…
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Americas
Panama Canal tightens vessel draft restrictions for second time in two weeks
The Panama Canal Authority (ACP) has announced a second tightening of vessel draft restrictions in a matter of two weeks…
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Americas
Petrobras plans to save $500m annually with internal restructuring
Brazil’s embattled and scandal-plagued state oil firm Petrobras has revealed in a securities filing that it plans to save about…
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Americas
Algoma collects $53.4m refund for cancelled bulk carriers
Canada’s Algoma Central Corporation has received $ 53.4m in refund guarantees for three newbuild orders that it cancelled with Chinese shipyard Nantong…
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Americas
Lexington Institute defends the Jones Act
An influential think tank has come out vigorously in defence of the US maintaining the Jones Act as a bulwark…
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Americas
Brazil’s Supreme Court takes over Lula investigation from Petrobras probe judge
The investigation into Brazil’s former national president Luiz Inacio Lula da Silva was on Thursday taken over by the country’s…
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Americas
Moody’s cuts Pemex to near junk
Mexico’s struggling state oil company Pemex on Thursday had its credit rating cut to near junk value by Moody’s Investors…
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Americas
Spartan Offshore Drilling brings $7.8m case over damage to rig in 2014 incident
US firm Spartan Offshore Drilling has sued two other companies – one American, one German – for $7.8m in compensatory…
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Americas
Mexico to relax requirement for local suppliers’ participation in offshore projects
Mexican authorities, in a bid to lure more overseas players and better bids, are relaxing the requirement for homegrown suppliers’…
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Americas
Swiss to provide US investigators with bank info on Venezuela’s PDVSA
US investigators have received a boost in their investigation of corruption at Venezuela’s state oil firm PDVSA (Petroleos de Venezuela…
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Americas
PDVSA denies delays and backlog of ships at port of Jose
Venezuela’s state oil firm PDVSA has strongly denied reports that it had a backlog of ships at its main oil…
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Americas
China’s regulator gives thumbs up to merger of Schlumberger and Cameron
Multinational oil field services company Schlumberger and oilfield equipment maker Cameron International have received the all-clear for their merger from…
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Americas
Port of Los Angeles paid for China Shipping’s anti-pollution equipment
The Port of Los Angeles paid China Shipping $5m to upgrade 17 vessels with shore power equipment – a clean-air…
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Americas
Grounded bulk carrier Sparna moved safely to berth
The bulk carrier Sparna (54,881 dwt, built 2004), which was severely damaged when it ran aground in the Columbia River…
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Americas
Protesters hinder Gulf of Mexico offshore lease sale, which proceeds with tepid results
Protesters opposed to offshore oil and gas drilling in the Gulf of Mexico made their feelings felt as the latest…
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Americas
June 26 set for inauguration of Panama Canal’s expansion project
The Panama Canal Authority (ACP) on Tuesday announced that the huge, much delayed and over-budget expansion of the Canal will…
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Americas
Corruption at Odebrecht was systematic according to Brazilian prosecutor
Brazilian prosecutors on Tuesday revealed that engineering giant Odebrecht had a highly organized, even automated, system for making bribe payments…
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Americas
USCG monitoring grounded K Line bulker for pollution in Columbia River
The US Coast Guard (USCG) is monitoring for pollution a K Line bulker that ran aground on Monday in the…
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Americas
Draft restrictions for Panama Canal shipping because of El Nino-related drop in water levels
The Panama Canal Authority (ACP) announced on Monday it is introducing temporary draft restrictions on shipping through the trans-oceanic shortcut…
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