Legal

Nevzlin Unlikely to Leave Yukos Fight

Nevzlin was partner with Khodorkovsky in Yukos; has said he will fight if Russia resists paying $50 bln claim. Former Yukos executive and top shareholder Leonid

Hess Plans IPO for Bakken Assets

Hess to form a MLP holding pipeline and other assets; file registration statement with regulators in Q4. Expects to launch an IPO in 1st-quarter of 2015. Oil

Orica Fined Heavily for Australian Pollution Incidents

Orica Australia Pty Ltd has been convicted and penalised $768,250 in relation to charges brought by the NSW Environment Protection Authority (EPA) for pollution

Canaveral Shipwreck Search Permit Granted to Seafarer's Quest

Research and recovery of historic shipwrecks experts Seafarer Exploration Corporation says that Seafarer's Quest, LLC has successfully been granted a three year

Maritime Attorney Named Partner by New Orleans Law Firm

The Lambert Firm in New Orleans says that Emily C. Jeffcott, Cayce C. Peterson, and Jeremy Z. Soso have been named partners in the firm. Of the three, Attorney Cayce C.

Höegh LNG Partners Launch IPO

  Höegh LNG Partners LP ("Partnership"), a Marshall Islands limited partnership formed by Höegh LNG Holdings Ltd. ("Company"), announced today that it has commenced an initial public offering of 9,

More Coverage Expected from New Federal Regs

Legislation passed on Tuesday, July 29, 2014 by the U.S. House of Representatives will bring a benefit to improve insurance coverage at lower cost to companies

Anadarko Profit Drops 76% on Settlement

Anadarko Petroleum Corp on Tuesday posted a 76 percent drop in profit due in part to a $5.15 billion payout to settle environmental pollution charges, though oil and natural gas production rose.

BP, Shell, Morgan Stanley Seek End of Oil Price-Fixing Lawsuit

BP Plc , Royal Dutch Shell Plc, Morgan Stanley and other companies urged a U.S. judge to dismiss nationwide litigation claiming they conspired for 12 years to fix prices of Brent crude oil,

Company Fined for Oil Spill Near Anacortes

Ecology issues $112,500 penalty for sunken vessel.   American Gold Seafoods faces a $112,500 penalty for an oil spill caused by the accidental sinking of its vessel,

London Shipping Professionals Weigh in for SPNL Report

The Shipping Professional Network London (SPNL) has  released their full Future London report, an initiative that gathered the views and opinions of London’s young

Mexican Lawmakers Approve Key Plank of Energy Reform

Lawmakers in Mexico's lower house approved on Tuesday a key package of bills needed to implement a landmark energy overhaul, but made minor changes that will now need to be approved by the Senate.

Update: U.S. to Seize Kurdish Oil from Tanker off Texas

U.S. authorities are set to seize a cargo of oil from Iraqi Kurdistan anchored off the Texas coast after a judge approved a request from Baghdad, raising the stakes

White House: Condensate Export Decisions 'not coordinated'

The U.S. Commerce Department's decision to give two companies permission last month to export lightly processed crude oil was not coordinated with the White House,

Yukos Shareholders Ready for $50 bln Compensation Talks

Shareholders of former Russian oil producer Yukos are ready to discuss with Russia a court's decision to award them $50 billion in compensation, Tim Osborne, director of holding company GML,

U.S. Marshalls Ordered to Seize Kurdish Oil Cargo off Texas

Acting on a request from the central government in Iraq, a U.S. judge has signed an order telling the U.S. Marshals Service to seize a cargo of oil from Iraqi Kurdistan

Warning: Fraudsters Invoice Ships for Needless Clean-ups

Diversified marine insurer Skuld informs that fraudsters have sought to obtain payment for alleged services provided for alleged pollution matters and clean-up work.

UN Throws the Book at North Korea Ship Operator

A U.N. Security Council committee on Monday blacklisted the operator of a North Korean ship, which was seized near the Panama Canal last year for smuggling Soviet-era arms,

Desulfurization of Exhaust Gases in Shipping

Are shipowners prepared to enter SECA zones?   Due to existing regulations on air exhaust emissions from the International Maritime Organization (IMO), and with

Japanese Hedge Fund Challenges Regulators

A small Japanese hedge fund has made a rare challenge against financial regulators over a 2010 insider trading case, disputing a finding that one of its fund managers

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