Legal

Petrobras Cleared of Wrongdoing in Refinery Deal

Brazil's top public prosecutor cleared board members of state-run oil company Petroleo Brasileiro SA of wrongdoing in approving the 2006 purchase of an oil refinery in Pasadena,

US Proposes New Rules for Crude Oil Rail Trasport

The U.S. Department of Transportation on Wednesday announced a comprehensive set of proposed rules for the safe rail transport of crude oil and certain other flammable materials, including ethanol.

EU: Tie Arctic Russian Tech Help to Ukraine Crisis

The European Union should not give Russia technical help to develop Arctic oil and gas fields if Moscow does not help to defuse the Ukraine crisis, EU Energy Commissioner

Itochu, Sumitomo's Australia Coal stake for Sale

Japan's Itochu Corp and Sumitomo Corp want to sell their stakes in two Australian coal mines and a coal terminal they co-own with Glencore PLC, two people familiar with the matter said on Wednesday.

Freeport Earnings Flat, "Encouraged" in Indonesia

Freeport-McMoRan Inc on Wednesday reported second quarter earnings that were little changed from a year earlier, and said it is "encouraged" by its discussions with the government of Indonesia.

EU Commission Agrees to 2030 Energy Savings Goal

The European Commission on Wednesday agreed to outline a 30 percent energy savings goal as part of a package of climate and energy policy for 2030, an EU source said on condition of anonymity.

Ruling in Yukos Suit Expected Monday

A group of shareholders in Yukos expect a ruling on Monday in a $100-billion claim against Moscow for expropriating the defunct Russian oil company that was controlled by Mikhail Khodorkovsky,

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,

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