Bloomberg

June 25 (Bloomberg) — Oil & Natural Gas Corp. and Oil India Ltd., India’s biggest state-run explorers, will pay $2.5 billion to buy a stake in

June 25 (Bloomberg) — Petronet LNG Ltd., India’s worst- performing oil and gas stock this year, is considering slowing contracts for importing

Rates to ship iron ore extended the year’s biggest rally on speculation Brazil expanded exports as Chinese steel mills, the biggest buyers, rebuild

Nigeria LNG Ltd. said the country’s maritime regulator issued it a ship detention order today, halting exports and detaining three of its vessels in

(Bloomberg) — Global liquefied natural gas markets will face “unprecedented” tightness this year and next as incremental LNG demand from Asia

June 19 (Bloomberg) — Golden Ocean Group Ltd., a shipowner led by billionaire John Fredriksen, climbed to the highest level in more than two years in

Australia’s New South Wales state is planning to offer a long-term lease for Newcastle port, the world’s biggest export harbor for coal used in

(Bloomberg) — STX Pan Ocean Co., South Korea’s largest commodities-shipping company, slumped to the lowest level in Seoul trading since its

June 18 (Bloomberg) — China’s oil imports are contracting for the first time since 2009, reducing the biggest source of demand for crude tankers at

June 17 (Bloomberg) — Ships hauling iron ore earned more than they need to cover running for the first time in almost five months, amid speculation that

June 16 (Bloomberg) — Chevron Corp.’s $10 billion Angola LNG plant shipped its first cargo today after an 18-month delay prompted by fires, labor

Kawasaki Heavy Industries fired Satoshi Hasegawa as president and said it ended talks to merge with Mitsui Engineering & Shipbuilding Co., two months after

Kawasaki Heavy Industries Ltd., Japan’s second-biggest heavy-equipment maker, removed Satoshi Hasegawa as president as it ended merger talks with Mitsui

Spot rates to ship liquefied natural gas will be unprofitable in the next two years as shorter voyages curb demand and new vessels join the fleet, according to

The surplus of tankers competing to ship 2 million-barrel oil cargoes from ports in the Persian Gulf expanded for a second

The U.S. may ban ships from entering Nigeria to protest insecurity in the ports and waterways of sub- Saharan Africa’s second-biggest

Two years after Tim Taylor and Christine Dennison put up $750,000 to find and document the R-12, and 70 years after the vessel sank, the two explorers are

(Bloomberg) Myanmar’s opening to foreign investment has been compared to the fall of the Berlin Wall and the start of an economic growth story to

(Bloomberg) Charter rates for the largest oil tankers hauling Middle East crude to Asia slid the most since January this week as the supply of cargoes

(Bloomberg) Rates for ships hauling coal and grains posted the longest losing streak on record as the merchant fleet’s largest glut magnified seasonal