Legal

Oil Smuggling Finances Islamic State's New Caliphate

Islamic State militants seized four small oilfields when they swept through north Iraq last month and are now selling crude oil and gasoline from them to finance their newly declared "caliphate".

Thai Resort Owners Sue State Owned Company for Oil Spill

Business owners on Koh Samet island are suing a state-owned petroleum enterprise for the oil spill that polluted the resort island's beaches last year. More than 50,

Nigerian Piracy Threatens UK Interests: New Report

The UK economy is heavily exposed to lawlessness off the coast of Nigeria, a new report published today by the UK Chamber of Shipping says. The report found that almost all of the UK’s annual £6.

New ABYC Categories for Insurance, Law Firms

The American Boat & Yacht Council (ABYC) is now offering a new membership category designed for insurance companies and law firms operating in the marine industry.

Maine Port City Bans Oil Loading

City councilors in South Portland, Maine, voted late Monday night to ban the loading of crude oil onto tankers along its waterfront, throwing up yet another roadblock

Electronic Navigation & Dispute Resolution: Coming of Age

ECDIS, AIS, GPS Electronic navigation systems such as GPS, Electronic Chart Displays (ECDIS) and Automatic Identification Systems (AIS) provide great assistance

Peabody Quarterly Revenue Rises 2 pct

Coal miner Peabody Energy Corp reported a 2 percent rise in quarterly revenue, helped by an increase in shipments and prices at its mining operations in western U.

S.African Anti-Fracking Group Threatens Legal Action

Green group ready to challenge fracking in highest court; Pretoria sees shale gas as economic "game changer" but Karoo landowners fear environmental damage. A

Britain Firm on Carbon Target Despite Opposition

Britain's government said it would stick with a goal to curb emissions by 2027 to 50 percent of the 1990 levels, a target that has led to political opposition and

Korea Ferry Businessman's Body Located

Yoo had been target of South Korea's largest manhunt; Failure of police to catch Yoo had been burden for Park government. The body of South Korea's most wanted man,

Flirting with Default, Argentina Enjoys Oil Drilling Boom

  Holders of Argentina's  defaulted debt and their supporters have warned the country risks being frozen out from international capital markets unless it finds

Mexico's Senate OKs Bills Expanding Power of Energy Regulators

Mexico's Senate gave general approval on Monday to legislation laying out expanded powers for energy regulators, part of the fine print needed to implement a constitutional

South Korea Police: Body May Be Ferry Disaster Fugitive's

South Korean police are trying to confirm the identity of a body they believe may have been the fugitive head of the family that owned the operator of a ferry that capsized in April,

Mexico's Senate OKs Changes to Pemex, CFE

Mexico's Senate passed two bills late on Sunday that set out modified structures for the country's two state-owned energy companies, part of a sweeping reform that overhauls the oil,

Oil Steadies at $107 After Iran Talks Extended

Iran nuclear talks extended, pressure for deal intensifies; U.S. accuses Russia of complicity in shooting down flight MH17 Brent crude oil steadied around $107

Chinese Carbon Projects Could Exit UN Offset Market

Some developers of projects to cut carbon emissions in developing nations, particularly China, are likely to pull out of the U.N. offset scheme and move to markets with higher prices,

Kemp: Britain Should Privatize Onshore Oil & Gas

Oil and gas taxation has become a major source of conflict between producers and Britain's tax authorities. But like other indirect taxes, the amount of attention

Britain warns Putin: Russia Sanctions Possible

Britain warned Kremlin chief Vladimir Putin on Monday that the Russian economy would face sectoral sanctions unless Moscow granted full access to the Malaysia Airlines

Exxon Rig Enters Uncharted Waters of Russian Political Storm

U.S. sanctions on Russia include Rosneft, Exxon's partner: Project may not break sanctions, but brings political risks. An ordinary, long-scheduled journey of

More Boat Migrants to Italy Die

Nineteen people died trying to reach Italy on a boat packed with hundreds of migrants, probably poisoned by carbon monoxide fumes from its engines, said the Italian Navy on Saturday,

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