Americas
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Morgan Stanley questions Teekay corporate structure
A report out this week from Morgan Stanley suggests Teekay Corporation might have to reevaluate its ownership structure with a…
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North Carolina town becomes 100th east coast community to oppose offshore testing
The town council of Kure Beach, North Carolina, has voted to oppose offshore drilling and seismic testing for oil and…
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Taylor Energy president tells public meeting that 11-year oil leak was an ‘act of God’
The president of Taylor Energy on Wednesday told a public meeting that an infamous and continuing leak from one of…
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Quebec politicians call on federal government to remove abandoned ship before it breaks up
Quebec politicians on Tuesday turned to Canada’s federal government to ask for assistance in resolving the potential toxic pollution hazard…
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Ports America quits terminal at Oakland
Ports America has announced it is terminating its 50-year lease on the Outer Harbor Terminal at Port of Oakland. The…
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Ex-chief of Petrobras claims bribe money went to election campaign of former national president
The former chairman of Petrobras says that as far back as 2006 he received kickbacks which made their way to…
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Pemex signs MOUs with Saudi Aramco and Mubadala Petroleum
Mexico’s state oil firm Pemex has signed memorandums of understanding (MOUs) with two major Middle East players about potential cooperation…
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Looming environmental disaster in Quebec as discarded ship could break up
Local authorities in Quebec are warning of a looming environmental disaster if nothing is done to salvage a discarded bulk…
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Petrobras exceeded offshore oil output target for 2015
Brazil’s state oil giant Petrobras had some rare good news with the announcement that it had exceeded its target for…
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Falkland Oil and Gas with Rockhopper Exploration merger complete
Two leading firms in Falkland Islands offshore oil exploration have completed their merger, it was announced on Monday. The UK-based…
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Algoma Central and Nova Marine cement new joint venture
Canadian firm Algoma Central Corporation and Italian shipower Nova Marine Holding, based in Luxembourg, have formed a joint venture which will…
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Brazilian authorities in leniency talks with companies implicated in Petrobras scandal
In a bid to unclog the arteries of Brazilian business and trade, authorities are talking deal with 10 firms implicated…
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Toxic smoke continues to hamper operations in Port of Santos
Some port operations continued to be disrupted by the effects of toxic smoke at Brazil’s Port of Santos on Friday,…
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Paragon Offshore in talks with creditors as bankruptcy looms
Struggling US drilling contractor Paragon Offshore announced on Friday that it has decided not to make a due interest payment…
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Ultrapetrol’s loan negotiations continue after deadline, share price takes a hit
Ultrapetrol’s 30-day grace period following a missed interest payment has ended, and the NASDAQ-listed company is seeking an extra two…
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Vantage Drilling’s chapter 11 plan confirmed
A US judge has confirmed Vantage Drilling’s chapter 11 plan, which aims more than halve the company’s debt load. The…
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Mississippi bridge struck for third successive day
The Vicksburg Railroad Bridge over the Mississippi River was struck by a barge towboat on Thursday, making it three successive…
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Amazon looks likely to enter ocean shipping space
Amazon, the giant American online retailer, is moving into ocean shipping. Having made inroads of late into trucking and air…
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More delays to start of Sabine Pass LNG exports
The much-anticipated Sabine Pass LNG facility is running behind schedule. Cheniere Energy has warned that the first shipments from the…
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International Shipholding Corporation continues bulker sell-off
US-based operator International Shipholding Corporation (ISH) has offloaded two dry bulk vessels and reached an agreement to sell its interests…
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