Hyundai Heavy fined in the U.S.

Seoul - Hyundai Heavy has agreed to pay a 47 million dollars fine to the U.S. authorities for selling engines that violated environmental rules in the country


Blackstone, “Next wave of U.S. LNG export to be tougher”

Houston - The next wave of U.S. LNG export projects will be “tougher” to bring online, as companies with existing facilities take advantage of lower costs to expand capacity in coming years, said the chief executive of Blackstone Group


Qatar Petroleum and Shell in LNG venture

Dubai - Qatar Petroleum and Shell agreed to establish a partnership to accelerate the development of liquified natural gas (LNG) fuelling infrastructure around the world


China’s logistic expands at lower pace

Beijing - China’s logistics business continued to expand in August, but the expansion rate was lower than the previous month


Oil drops sharply as Saudi output seen returning soon after attacks

London - Prices rose sharply in previous session. Threat of military response hangs over market.

Senvon and Siemens Gamesa sign exclusivity deal
Gazprom studies consequences of EU court Opal ruling
China exempts some U.S. goods from retaliatory tariffs as fresh talks loom
Aramco pursues IPO with local listing plan as lines up banks