Search results for: Glencore

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  • 25 June 2015
    Business & Finance

    Amazoil Nigeria Ltd’s owner is taking the commodities trader Glencore Plc to court for alleged failure to pay USD 5 million intended for freeing of Russian sailors detained under suspicion of guns smuggling. In the lawsuit brought before the London court Og Amazu, owner of Amazoil Nigeria and former fixer for Glencore, claims that Alex Beard, […]

  • 5 May 2015

    Australia’s Port of Townsville has opened an AUD 85 million (USD 66.97 million) Berth 8 facility, delivering two-and-a-half times more shiploading capacity, greater berth efficiency and important improvements in the Port of Townsville environmental performance. This AUD 85 million facility was jointly funded by the Port of Townsville, a commodity trading and mining company Glencore, […]

  • 8 December 2016

    Rosneft, Russia’s state-owned oil company, is selling a 19.5 percent stake in the company to a consortium comprising of Glencore and Qatar Investment Authority. According to Glencore, the consortium will pay some 10.2 billion euros for the deal. Russian government’s website, however, shows a price of 10.5 billion. Rosneft head Igor Sechin met with Russian […]

  • 12 December 2016

    Russian oil firm Rosneft has officially signed a deal to sell a 19.5% stake to Qatar Investment Authority, one of the world largest sovereign funds and Glencore, a commodities producer and trader. The sale, of which Offshore Energy Today  wrote last week, will see the consortium pay 10.2 billion euros for the stake. Under the […]

  • 6 May 2015
    Business & Finance

    The new $85 million Berth 8 facility at the Port of Townsville is now open for business. According to Treasurer Curtis Pitt, the new facility is an important piece of infrastructure that will bring widespread economic benefits to North Queensland. “It’s another sign that Queensland is open for business and of the State Government’s willingness to engage with industry […]

  • 8 October 2018
    Business & Finance

    The Australian Competition and Consumer Commission (ACCC) has finalized its arbitration of a dispute between Glencore Coal Assets Australia Pty Ltd (Glencore) and Port of Newcastle Operations Pty Ltd (PNO) about terms and conditions for accessing the ‘declared’ shipping channel service at the Port of Newcastle. The ACCC has determined that PNO should reduce its […]

  • 21 July 2014

    Glencore’s spokesperson, Charles Watenphul, has informed that the company’s London-based head of liquefied natural gas unit, Luis Lesmes, died. “It is with great sadness that we confirm the death of Luis,” said Watenphul, reports Bloomberg. Lesmes joined Glencore last year from Morgan Stanley’s LNG unit taking his whole team along with him. “Our thoughts are with his friends […]

  • 20 September 2017
    Project & Tenders

    Chevron-led Angola LNG has signed its third LNG sales agreement during the month of September, tying up with Glencore.  

  • 27 September 2011
    Business & Finance

      Glencore’s shipping unit, ST Shipping, may reduce the number of oil tankers in its fleet over the next six months because rock-bottom… By Randy Fabi and Harry Suhartono(Reuters) [mappress] Source: Reuters, September 27, 2011

  • 26 May 2015
    Business & Finance

    Erin Energy Corporation has agreed to heads of terms on a commercial agreement with an embedded prepayment element with Glencore Energy UK Ltd, a subsidiary of Glencore PLC. According to the press release, the offtake contract would allow Glencore to undertake the lifting of Oyo crude from the FPSO Armada Perdana for a minimum term […]

  • 15 February 2016

    Hong Kong-based commodity trading house, Noble Group, has reportedly lost three of its LNG traders to the rival company Glencore of Switzerland.

  • 24 July 2017

    Gordon Waters, global head of LNG at Glencore, has reportedly resigned from his position with the Swiss commodity trader. 

  • 2 October 2018

    Swiss commodity trading and mining company Glencore is reportedly eyeing involvement in a liquefied natural gas import project in the Philippines. 

  • 17 March 2016
    Business & Finance

    Sea Horizon Line, a subsidiary of Hong Kong-based Agritrade Resources Limited, has signed a floating storage tanker service agreement with a petroleum trading company Glencore Singapore, for its recently-acquired VLCC vessel.  Signed for a two-year period, the contract is scheduled to commence on 20 March 2016, giving Glencore Singapore an option to renew the contract upon its expiration. Under […]

  • 16 November 2016
    Business & Finance

    Sydney-based mining company Glencore Coal Assets Australia (Glencore) has called for an arbitration to settle an access dispute with Port of Newcastle Operations (PNO) in relation to the shipping channel service at the port, according to the Australian Competition and Consumer Commission (ACCC). Glencore requested that the ACCC arbitrate on the dispute, which relates to the level of access […]

  • 17 February 2012
    Business & Finance

      Sovcomflot (SCF Group) agreed a further joint project with Glencore International AG to own, operate and manage four coated LR1 type product tankers (74,000 tonnes DWT). The vessels “SCF Plymouth”, “SCF Pacifica” and “SCF Pearl” built in 2011 at Hyundai Mipo Dockyard Co (South Korea) will immediately be managed by the joint venture. The […]

  • 17 February 2012

    Sovcomflot (SCF Group) agreed a further joint project with Glencore International AG to own, operate and manage four coated LR1 type product tankers (74,000 tonnes DWT). The vessels “SCF Plymouth”, “SCF Pacifica” and “SCF Pearl” built in 2011 at Hyundai Mipo Dockyard Co (South Korea) will immediately be managed by the joint venture. The fourth […]

  • 8 June 2017

    The Wall Street Journal has reported that Russia could buy back the stake in Rosneft it sold to Qatar and Glencore, however the two companies have quickly issued rebuttal statements. To remind, Russia’s state-owned Rosneft in December 2016 sold a 19,5 percent stake in the company to a consortium comprising Glencore and Qatar Investment Authority […]

  • 22 January 2020
    Project & Tenders

    FAR Limited has signed a binding Memorandum of Understanding with Glencore for the full allocation of the company’s share of crude oil from the Sangomar field, located offshore Senegal. 

  • 15 January 2013
    Business & Finance, Equipment, Project & Tenders

    Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announces that it has agreed to supply its high pressure/high temperature (‘HP/HT’) POS-GRIP wellhead equipment, subject to finalisation of the contract, to Glencore Exploration Cameroon Ltd (‘Glencore’), the leading integrated commodities producer […]

  • 6 June 2013

    Commodities giant Glencore Xstrata will hire four liquefied natural gas traders from Morgan Stanley in London and Singapore, Reuters informs. The traders leaving the bank are Maggie Jia, Rajiv Panicker, Lou Montilla, and Luis Lesmes. Morgan Stanley has been particularly active trading liquefied natural gas into Argentina and Spain in the recent years. [mappress] LNG […]

  • 28 November 2013
    Equipment

    Plexus Holdings PLC, has agreed to supply its high pressure/high temperature (‘HP/HT’) POS-GRIP wellhead equipment to Glencore Exploration Cameroon Ltd (‘Glencore’), the leading integrated commodities producer and marketer, for drilling one exploration well known as Parrot, offshore Cameroon. In addition, a second call-off to supply wellhead equipment for an additional well, Malimbe, is currently being […]