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S. Korea Becomes the Largest Importer of U.S. LNG

South Korea has emerged as a major importer of U.S. energy resources amid the Donald Trump administration’s strong push for resource exports such as LNG.

US fines Petrobras $853m for corrupt payments

Petrobras agreed with US and Brazilian authorities to pay $853.2 million in penalties to resolve the US government’s investigation into violations of the FCPA in connection with Petrobras

Bimco fast tracks 2020 sulphur cap bunker clause

Bimco is fast-tracking its first 2020 bunker clause that could be published as early as the end of October.

Guyana Puts Oil Auctions on Hold

Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister of State Joseph Harmon said on Monday.

An LNG cargo’s journey is just beginning when it reaches port

Considering the expected growth in US LNG exports over the next several years, it is natural to focus on the developers, construction contractors, regulators and contract pricing mechanisms that enable the resources to flow.

IMO 2020 to cause one-off oil demand surge before market adjusts: OPEC

Tighter global shipping pollution regulations from 2020 will lead to a temporary surge in oil demand while denting the oil revenues of producers of heavy or high sulfur crudes

Why China buying up ports is worrying Europe

There is rising concern about whether China will use its commercial acquisitions of overseas ports for military purposes

ARA diesel, gasoil stocks up 1.2% on week: PJK International

Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub increased 1.2% on the week to 2.889 million mt in the seven days to Wednesday, according to PJK International data.

To excel in marine insurance, it helps to earn stripes in the marine sector

Paul Mendham, president of Vancouver-based Navis Marine Insurance Brokers, didn’t get his start in insurance by working behind a desk at a brokerage.

Bangladesh Shelves LNG Projects as Others Ramp Up

Bangladesh has put aside two smaller liquefied natural gas (LNG) projects with trading houses Gunvor and Vitol to focus on two larger LNG import terminals, one of which is already in use while the second will start up in March.

Noble buys newbuild jackup, wins first contract

 Noble Corp. plc has purchased a new GustoMSC CJ46 design jackup rig from the PaxOcean Group in connection with a concurrently awarded drilling contract.

LNG shipping rates spike with no respite seen through 2019

The price of shipping liquefied natural gas (LNG) has spiked in September and is likely to remain high next year

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