Americas
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Citgo president detained by Venezuelan authorities on suspicion of corruption connected to PDVSA
The acting president of Venezuelan-owned American refiner Citgo has been arrested in the South American country on suspicion of corruption…
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US oil firms Talos Energy and Stone Energy are close to merger
US oil companies Houston-based Talos Energy and Stone Energy of Lafayette, Louisiana, are moving toward a $2.5bn merger, according to…
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McDermott awarded EPCI contract on Saudi Aramco field in Persian Gulf
Houston-based McDermott International on Monday announced it has been awarded a major contract with Saudi Aramco, Saudi Arabia’s state oil…
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Petrobras secures $1bn loan to pay some debt obligations
Petrobras, Brazil’s corruption-plagued and debt-burdened state oil firm, has secured a loan of $1bn from a syndicate headed by Standard…
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USCG helicopter crew airlifts ailing crewman from Maersk ship offshore Alaska
The United States Coast Guard (USCG) has made a daring medical evacuation to safely remove an ailing crewman from the…
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PDVSA defaults on billions in loans
Venezuela and PDVSA, the country’s state oil firm, have defaulted on billions of dollars of loans, according to the Associated…
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Ecopetrol acquires four Gulf of Mexico blocks for joint development with Repsol
Ecopetrol, Colombia’s state oil firm, has secured four new blocks for deep-water exploration in the US Gulf of Mexico, according…
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Anadarko budgets $1.1bn for deepwater Gulf of Mexico activity in 2018
Woodlands, Texas-based oil exploration company Anadarko Petroleum says it is setting aside $1.1bn for deepwater drilling in the Gulf of…
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US ports oppose tax reform bill’s axeing of some exemptions and credits
American seaports have expressed doubts about certain aspects of the federal tax reform bill that the US House of Representatives…
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Eagle Bulk to issue bond and secure additional loan to cover debts
Stamford-based Eagle Bulk Shipping is seeking to cover its debts with secured bond issues made through some of its subsidiary…
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USCG probes death on MOL chemical tanker
The US Coast Guard (USCG) is investigating the death of a person on board a chemical tanker moored in Richmond,…
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ICTSI hails US appeals court ruling that confirms ILWU broke labour law
International Container Terminal Services, Inc (ICTSI) on Wednesday hailed a US appeals court decision that found the International Longshore and…
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FMC names five companies operating unlicensed shipping services
The US Federal Maritime Commission (FMC) says in a release that it has recently received complaints and questions about five…
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Teekay LNG Partners launches gas pool
Teekay LNG Partners has launched Teekay Multigas Pool, a new in-house commercial management solution for ethylene-capable LPG and small-scale LNG…
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Vantage Drilling and ADES form Egyptian joint venture
US offshore driller Vantage Drilling International and UK drilling and production firm ADES International Holding have formed a joint venture…
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GE may drop its stake in Baker Hughes
Houston-based oilfield services giant Baker Hughes could be dropped from the GE family it joined only in July as the…
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US market regulator fines Statoil for manipulation
The United States’ Commodity Futures Trading Commission (CFTC) said on Tuesday it has fined Norway’s Statoil $4m for manipulating the…
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Petrobras ups its funding forecast and drops estimate for divestments
Brazil’s troubled state oil firm Petrobras on Tuesday made a bullish forecast on its funding for the year while also…
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Pemex says plant beginning to restart at quake-hit Salina Cruz refinery
Mexico’s state oil company Pemex on Tuesday announced that its Salina Cruz refinery has begun the start-up of its plants…
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Torm to list on Nasdaq
Danish shipowner Torm has announced plans to file for registration with the US Securities and Exchange Commission today for a…
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