The container transportation and shipping company American President Lines Ltd (APL) announced the proposed acquisition of the book of business of its sister company Cheng Lie Navigation (CNC), Taiwan’s Intra-Asia carrier.With this, APL will…
APL, Cheng Lie Navigation to Merge Intra-Asia Service Read More »
Florida-based provider of energy transportation services delivering crude oil and petroleum products Overseas Shipholding Group (OSC) and American Shipping Company (AMSC) jointly announced that OSG has exercised options to extend its charter…
OSG Extends Charter of AMSC’s Nine Tankers Read More »
Geneva based commodity trading company Trafigura increased its liquefied natural gas (LNG) traded volumes by 22% to 9.9 million mt in its financial year ending September 30 2018, driven by sales to China and South Korea, with the Asian share…
Trafigura Boosts LNG Volumes by 22% Read More »
UK-based independent full-cycle oil and gas company confirmed that Indico-1 well in Colombia reached target depth of 10,604 feet and encountered the Lower Sands of the Une formation.The South America focused oil and gas producer, which owns 30% non-ope…
Amerisur Resources Hits Oil at Indico Well in Colombia Read More »
Aberdeen, UK-based Verus Petroleum has secured a 12-fold increase in its production – from 1,500 to 18,000 barrels per day in less than a year – with the closing of three recent acquisitions on the UK Continental Shelf.A press release from the…
Verus Petroleum Mulls 12-Fold Production Growth Read More »