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Petrobras seeking $1 billion loan in China

Brazilian oil company Petrobras has signed a term sheet with China Exim Bank (Export-Import Bank of China) containing the main terms and conditions for a US$1 billion loan. According to Petrobras, the final loan agreement is already being negotiat...

10/05/2016 Read

Russia choosing consultants for Sovcomflot’s privatization

Selection of consultants for the privatization of Russian shipping company Sovcomflot has been launched, Russian Ministry of Economy said. As informed, Russia has sent proposals to banks and organizations to help organize and sell 25 per...

09/05/2016 Read

U.S. offshore rig count dips

BHI Rig Count: U.S. -5 to 415 rigs U.S. Rig Count is down 5 rigs from last week to 415, with oil rigs down 4 to 328, gas rigs down 1 to 86, and miscellaneous rigs unchanged at 1. U.S. Rig Count is down 479 rigs from last year at 894, with oil r...

09/05/2016 Read

17 missing after cargo ship collides with fishing vessel

SHANGHAI, May 7 (Reuters) – Seventeen people were missing after a Chinese fishing boat collided with a Maltese cargo ship and sank in the East China Sea on Saturday, state media reported, citing the country’s coastguard fleet. The fish...

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Maersk Group’s quarterly profit down by 86 pct

Danish shipping and offshore energy conglomerate Maersk Group reported its profit at USD 224 million for the first quarter of 2016, a drop of 86 percent compared to USD 1.6 billion seen in the same period a year earlier. Maersk’s underl...

05/05/2016 Read

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