News & Events
WTO, IMF, World Bank seek ‘urgent’ international trade reforms
(Oct 1): The World Trade Organization, International Monetary Fund and World Bank issued an emergency call to reform the multilateral trading system as the US retreats from prior agreements. “The…
Read MoreShip Operating Costs Decline for Sixth Successive Year
International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by 1.3 percent in 2017. This compares with the 1.1 percent average fall…
Read MoreSaudi Aramco Set To Boost Oil Capacity By 550,000 Bpd In Q4
Saudi Arabia’s oil giant Saudi Aramco is expected to pick up an additional 550,000 bpd of oil production capacity from two giant oil fields in the fourth quarter, so it…
Read MoreTotal Bets On Deepwater Oil, Gas To Boost Production
Total will be looking to develop low-breakeven deepwater resources in the coming years, expecting to increase production by 6-7 percent every year through 2020, the French oil and gas company said in…
Read MoreUK Approves BP’s Plan To Develop New North Sea Field
BP has received the approval of the UK’s Oil and Gas Authority (OGA) to proceed with the development of the Vorlich field in the North Sea—a project that is expected…
Read MoreRisks growing but still little chance of global recession: Oxford Economics’ outlook
SINGAPORE (Sept 25): Oxford Economics says there is little chance of a global recession next year given evidence on the ground of a major and sustained worldwide slowdown is still…
Read MoreTesla Signs Lithium Supply Deal With China’s Biggest Producer
China’s largest lithium producer, Ganfeng Lithium, said on Friday that it had signed a three-year deal to supply Tesla with lithium hydroxide for batteries—another lithium supply agreement for Tesla as it tries…
Read MoreRisk management integration & disruption crucial to digital transformation projects: EY poll
SINGAPORE (Sept 21): Risk professionals are essential for building trust and confidence when implementing emerging technology and digital transformation projects, suggests the findings of a recent EY poll. Out of…
Read MoreExxon, Chevron, Occidental Join Oil And Gas Climate Initiative
ExxonMobil, Chevron, and Occidental Petroleum are joining the Oil and Gas Climate Initiative (OGCI), becoming the first U.S. companies in the CEO-led voluntary alliance of some of the world’s biggest oil and…
Read MoreEnergy, Banking Majors Launch Blockchain Oil Trading Platform
Commodity traders, energy majors, and large banks have set up a new venture to digitalize and facilitate commodity trade through a blockchain-based open platform, one of the banks in the…
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