GasLog tightens BG ties

NYSE-listed GasLog will charter up to nine LNG carrier newbuildings to the BG Group, which is in the process of being acquired by Royal Dutch Shell.
GasLog announced on 21 April that BG will charter three previously ordered newbuildings for an average of 9.5 years, commencing in mid-2018 and early
Details

US senator urges export ban lifting

The ban on US crude oil exports is “a sanction on itself”, US senator Lisa Murkowski told delegates at the opening day of CERAWeek.
The senior senator for Alaska, who is chairman of the Senate Energy and Natural Resources Committee, said it was wrong to negotiate the lifting of sanctions on Iranian
Details

Demographic dilemma for Big Oil

Oil companies struggling to come to terms with a low oil price environment are facing two critical issues: how to respond to plunging revenues and how to retain skilled engineers.
Stephen Chazen, president and CEO of Occidental Petroleum, acknowledged at CERAWeek on 20 April that the oil industry
Details

Pan Ocean to raise USD785 million

South Korean bulker operator Pan Ocean is to raise KRW850 billion (USD785 million) through the issuance of 340 million shares in a paid-in capital increase.
The shares, worth KRW2,500 each, would be bought by Cheil Holdings and Poseidon2014, which would take 272 million shares and 68 million shares
Details