Americas
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Seadrill to lay off 112 in Houston
John Fredriksen’s Seadrill is planning to layoff 112 employees in Houston from May 1, according to a notice to the…
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Four more families of El Faro crew settle with Tote
Another group of El Faro victims’ families reached legal settlements with the sunken cargo ship’s owner Tote Maritime, it was…
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Proposed Oregon LNG terminal dropped for lack of funding
Leucadia National Corporation on Monday withdrew its plan for a liquefied natural gas (LNG) export terminal on the Oregon coast…
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Brazil recovers $54m from agent involved in corrupt payments between SBM Offshore and Petrobras
Brazil’s attorney general’s office announced it has managed to recover $54m that had been diverted from Petrobras in corrupt dealings…
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Search for El Faro’s VDR resumes today
The search for the missing voyage data recorder of the sunken El Faro ship resumes today, the National Transportation Safety…
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Former president of Guatemala accused of taking bribes for container terminal contract
A former President of Guatemala, already in jail, has been accused of taking bribes to favour a Spanish bidder for…
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Aker Solutions signs maintenance deal with Petrobras
Norwegian oilfield service company Aker Solutions has signed a three-year maintenance and service contract worth $124m with Brazil’s Petrobras. It…
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Mexico loosens requirements for December deepwater auction
Mexico’s oil industry regulator CNH (Comisio Nacional de Hidrocarburos) has voted to change the terms for December’s deepwater oil and…
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Deutsche Bank selling Maher Terminals
Maher Terminals, part of the Port of New York/New Jersey, is being sold by Deutsche Bank (DB) to investment firm…
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Torm puts wheels in motion towards US IPO
Torm has completed its corporate reorganisation and expects to list A shares in Torm Plc, its newly created UK-based entity,…
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Energy XXI files for Chapter 11
Houston-based oil and gas producer Energy XXI announced on Thursday it has filed for Chapter 11 bankruptcy protection amid the…
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A weighty issue
John Butler, president and CEO of the World Shipping Council, yesterday spoke before the US House Committee on Transportation and…
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Oil industry claims new US safety rules financially crippling
Six days before the sixth anniversary of the Deepwater Horizon disaster the US Department of the Interior released much-heralded new…
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More draft restrictions for vessels using Panama Canal
The Panama Canal Authority (ACP) has announced its third recent temporary draft restriction because of water-level concerns in Gatun Lake,…
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Schlumberger to scale back in Venezuela over payment problems with PDVSA
Multinational oilfield services provider Schlumberger is scaling back its business in Venezuela because of payment problems with that country’s state…
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Mexico’s government to give Pemex multibillion-dollar boost
Mexico’s struggling state oil firm Pemex will receive a huge financial boost to the tune of $4.2bn the country’s Finance…
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US offshore firms braced for stricter regulations
The US government’s Department of the Interior is all set to unveil on Thursday its much-anticipated new safety rules for…
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Glencore and Oldendorff charter more panamax bulk carriers
Two more period charters of panamax bulk carriers have been reported as strengthening markets for almost all bulker types helped…
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Petroleum Geo-Services and EMGS settle patent dispute
Petroleum Geo-Services (PGS) and Electromagnetic Geoservices (EMGS) have entered into a settlement agreement that will resolve their dispute of patents for offshore…
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Former Senator arrested for allegedly interfering with Petrobras corruption probe
The corruption probe into Brazil’s state oil firm Petrobras has reeled in another big political fish with the arrest on…
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