Chevron’s massive Gorgon liquefied natural gas (LNG) facility in Australia has hit technical difficulties, a spokesman said on Monday, resulting in a temporary suspension of exports less than a month after it started first production.
A.P. Moller-Maersk’s oil subsidiary said on Monday it will shut Denmark’s largest gas field in 2018 if it cannot find an economically viable solution for the ageing site by the end of this year.
Executives of Brazil’s state-run oil producer Petroleo Brasileiro SA approved a voluntary layoff program to cut about 12,000 jobs and save 33 billion reais ($9.20 billion) by 2020, the company said in a statement on Friday.
Lockheed Martin Corp and Australia’s Austal have each won contracts worth up to $564 million to build one Littoral Combat Ship (LCS) for the U.S. Navy, the U.S. Defense Department said on Thursday in its daily digest of arms deals.
China COSCO Shipping Corp has placed an order for 10 very large ore carriers (VLOC) from China State Shipbuilding Corp (CSSC), the official Xinhua news agency reported late on Thursday.
The world’s third largest port operator APM Terminals said it will invest 758 million euros ($858.3 million) in a new transhipment terminal in Tangier, Morocco, that will be the first automated terminal in Africa.
Italy on Wednesday asked judges in The Hague to order India to release a detained Italian marine, hours before Indian Prime Minister Narendra Modi was due at an EU-India summit in Brussels at which he aims to defuse the long-running row with Rome.
DONG Energy has terminated a contract to build an oil and gas platform for its Hejre field, postponing indefinitely the major development offshore Denmark, the Danish majority state-owned utility said on Tuesday.
Access to capital for cash-hungry Norwegian offshore shipowners is expected to tighten further as lower activity and falling profits continue in 2016, the Norwegian Shipowners’ Association said in its yearly outlook report on Tuesday.