Sector

GSI unveils new name and scope

March 19th, 20150 Guangzhou: Shanghai and Hong Kong dual listed Guangzhou Shipyard International (GSI) is to change the company’s name to CSSC Offshore and Marine Engineering (Group)...

ConocoPhillips to slash budget, cut jobs

March 19th, 20150 Houston: US oil and gas multinational ConocoPhillips announced on Wednesday that it is planning to shed billions of dollars from its budget as it adjusts to plunging...

U-Ming solid on cement prospects

March 18th, 20151 Taipei: Taiwan’s U-Ming Marine Transport is moving to rejuvenate its ageing cement carrier fleet. The dry bulk owner, owned by Douglas Hsu and listed in Taipei,...

Indonesia hands Statoil another licence

March 18th, 20150 Oslo: Statoil was today awarded new exploration acreage through the Aru Trough I licence offshore Indonesia. The licence covers an area of approximately 8,300 sq km,...

HPH Trust in $1bn notes issuance

March 18th, 20150 Singapore: Hutchison Port Holdings Trust has been fund raising. Yesterday, the Singapore listed arm of the global port operator issued $500m 2.25% guaranteed notes due...

Statoil’s latest gas find

March 18th, 20150 Oslo: Statoil has found gas and is now drilling at wildcat well 6706/12-2, some 6 km west of the Aasta Hansteen field in the northern part of the Norwegian...

MOL rebrands project divisions

March 18th, 20150 Tokyo: Mitsui O.S.K. Lines (MOL) has created a unified brand — MOL Project & Heavy Cargo — as it looks to get more plant and heavyweight cargoes. The new...
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