UK-based integrated offshore infrastructure services company North Star has completed a £275 million (US$370 million) debt financing, adding to debt commitments to support continued growth, broadening its lender group and improving its terms.The package is structured across sterling and euro…
Oil prices fell about five per cent to a three-week low on Monday after US President Donald Trump held off on a fresh attack on Iran in the hope of sealing a quick deal that could boost oil supplies from…
Water levels on the Rhine river in Germany fell to near record lows on Friday as a heatwave and prolonged dry weather gripped the region, the country's navigation agency said, though cargo vessels continued to operate.Inland navigation agency WSV said…
The two very large crude carriers (VLCC) carrying oil loaded from the Persian Gulf exited the Strait of Hormuz on Friday, with traffic through the waterway remaining thin, according to Kpler ship-tracking data.The Spain B vessel is carrying crude oil…
Shell said on Friday it had agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group for up to $720 million, as the British oil major sharpens its focus on LNG operations.BG Cyprus' 35 per…
ExxonMobil missed Wall Street estimates for second-quarter profit on Friday, even as high oil prices and improved refining margins brought by the Iran war led to its biggest quarterly profit in four years.
