John Fredriksen, the billionaire who made his fortune investing in crude tankers, is reuniting two businesses he split three years ago to help gain a greater share of the oil-shipping market.
|On July 2, 2015||On July 2, 2015|
|On July 2, 2015||On June 30, 2015|
Rolls-Royce and a handful of partners are pushing ahead with the first steps of a new 6.6 million euro project that could pave the way for autonomous, unmanned ships in the not-so-distant future. The Advanced Autonomous Waterborne Applications Initiative, which Rolls-Royce has been appointed to lead, aims to produce the specification and preliminary designs […]
BP’s $18.7 billion settlement over the 2010 Gulf of Mexico spill draws a line under years of uncertainty to allow it to focus once again on growth but could make it an acquisition target.
BP Plc will pay a record $18.7 billion to resolve claims by the U.S. and five states along the Gulf of Mexico related to the 2010 oil spill.
Billionaire John Fredriksen is merging the two oil tanker companies he split up more than three years to create a market leader.
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Det Norske Oljeselskap ASA, which complained its share of the giant Johan Sverdrup oil field was insufficient, got an even smaller stake after Norway’s government was called in to resolve the dispute.
A ferry carrying 189 passengers and crew capsized off the central Philippines in heavy waves on Thursday, killing at least 36 people but the majority of those on board were rescued, the coast guard and police said.