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European Commission

EU Clears Statoil/Hydro Merger

Statoil and Hydro have today, May 3, 2007, received clearance from the European Commission for the announced merger between Norsk Hydro ASA's petroleum activities and Statoil ASA. The European Commission has declared that the merger is compatible with the common market pursuant to Article 6(1)(b) of the EC Merger Regulation. The clearance represents a major step forward for Statoil and Hydro in order to complete the planned merger. Merger clearances are still in the process of being obtained in other jurisdictions as required by applicable laws.


EU Members Encouraged to Adopt New Oil Pollution Compensation Fund

The European Commission (EC) issued a Press Release


Europe Gives U.S. The Raspberry

In an apparent flexing of newfound muscles, the European Union is picking another trade fight with the United States, threatening to file a World Trade Organization complaint against the U.S. over fees on cargo ships at U.S. ports, increasing tensions between the two trading giants. In a letter released last Tuesday, European Commission vice president Leon Brittan said harbor fees proposed by the Clinton administration, like those they would replace


EU and China Set to Collaborate on GALILEO

An agreement has been reached between the European Union and China on its participation in the GALILEO program. This agreement was initialled in Beijing on September 18 by F. Lamoureux, Director-General of Energy and Transport at the European Commission, and M Shi Dinghuan, Secretary General of China's Ministry of Science and Technology. “China will help GALILEO to become the major world infrastructure for the growing market for location services,” said Loyola de Palacio


Maritime Labour Standards – EU Commission Adopts New Proposals

European Commission adopts two new proposals on maritime labour standards Two new proposals adopted by the European Commission are set to bring the European Union into line with enforcements and compliance rules foreseen by the Maritime Labour Convention (MLC) 2006. The MLC provides the world’s more than 1.2 million seafarers with rights and protection at work. The proposals for two new directives clarify flag and port states’ responsibilities to ensure that maritime labour


LNG Port Safety Ruling – UK Compliance Demanded

Risk assessment for LNG imports to UK's Port of Milford Haven demanded by European Commission in response to long-term public prompting There has been a further twist in the long-running saga over the safety of shipping Liquefied Natural Gas (LNG) into the Milford Haven waterway, reports the 'Western Telegraph'. Recently the European Commission issued a formal notice over ‘failure to comply with safety rules’.


EU Set For Full Probe Into Exxon, Mobil Merger

The European Commission's (EC) competition department will reportedly launch an in-depth probe into the proposed $87 billion merger of U.S. oil majors Exxon Corp. and Mobil Corp. later this month.


Tanker Companies Investigated for Possible Cartel Activities

The European Commission (EC) has stated that unannounced inspections were carried out at the premises of a number of operators of deep sea maritime tanker services in several European Economic Area (EEA) countries. EEA countries include the 15 European Union states, plus Norway, Iceland, and Liechtenstein. The purpose of the inspections was to ascertain whether there is evidence of a cartel agreement and related illegal practices.


Kvaerner Chairman To Step Down

Kvaerner ASA Chairman Christian Bjelland reportedly he won't seek re-election because of conflict between the Norwegian maker of equipment for the energy industry and Aker Maritime ASA, its major shareholder and a rival, Reuters reported. Aker, controlled by Kjell Inge Roekke, bought options in July to purchase 26.7 percent of Kvaerner. Aker scaled back its plan to take control of Kvaerner in December after the European Commission agreed to drop a probe into the purchase.


European Commission Clears Take Over of HDW

The European Commission has authorized the proposed acquisition of the German submarine producer Howaldtswerke-Deutsche Werft (HDW) by the American banking company, Bank One Corporation. The Commission's investigation confirmed that the operation will not create anti-competitive effects, as the transaction will not result in any overlaps between the parties' activities in the European Union. The Commission's careful investigation has also failed to establish any links between Bank One and any


Croatia Resurrects LNG terminal Plans

Croatia prepares financial plan for LNG terminal; EU sees the Krk terminal helping Europe's energy independence. Croatia has reopened a feasibility study for a liquefied natural gas (LNG) terminal in the northern Adriatic which should help diversify energy supplies for central Europe


Antwerp Port Looks For LNG Station Manager

Antwerp port

By 2016 it should be possible for barges in the port of Antwerp to fuel up with LNG at a fixed station. The possibility for truck-to-ship bunkering with LNG already exists, but the construction of a bunkering station will make LNG continuously available for barges


Regulators Invited to Witness Ship Breaking in India

Photo: IMO

Global Marketing Systems, Inc (GMS) has challenged the European Commission’s intention to ban ship recycling by beaching, by inviting the commission and a major representative group of top level shipping industry stakeholders to India to witness the recycling process first hand at one of the


EU Funds Study into New Aberdeen Harbor

Nigg Bay

The EU's TEN-T Program will invest over $940,000 for development studies for a new harbor at Nigg Bay in Aberdeen, Scotland. The harbor is to support the existing Port of Aberdeen with a view to a significant traffic growth forecast. The Port of Aberdeen handles around 8


Opposition Builds to UK Nuclear Project in EU Executive

Nuclear power plant

  A landmark deal to use British taxpayers' money to build a 16 billion pound ($25.6 billion) nuclear power station has triggered opposition from a quarter of EU policy-makers, who want to overturn approval from the top European regulator, EU sources said.


Russia Going Ahead with South Stream Gas Pipeline

South Stream gas pipeline design capacity 63 billion cubic meters per annum.

The Russia-led South Stream undersea gas pipeline is still going ahead, Energy Minister Alexander Novak was quoted as saying on Saturday, following concerns the European Union might be losing enthusiasm for the project. The natural gas pipeline, which will cost an estimated $40 billion


Austria to Sue if EU Regulator Clears UK Nuclear Plan

Nuclear plant

Austria will take the European Commission to the European Court of Justice (ECJ) if it approves Britain's plans for a 16 billion-pound ($26 billion) nuclear power plant, a spokesman for the chancellor said on Sunday. The deal to pay a guaranteed price for the power produced in the plant faces


EU Approves Klesch Refinery Purchase

Regulator sees no competition concerns; Klesch announced purchase in July. EU regulators cleared U.S. entrepreneur Gary Klesch's purchase of the Milford Haven oil refinery on the coast of Wales, the European Commission said in a statement on Friday.


EU to Ban Fish from Sri Lanka, Saying Lax on Illegal Fishing

The European Commission proposed a ban on imports of fish from Sri Lanka for not tackling illegal fishing properly and lifted a ban on fish imports from Belize following the reform of its vessel inspection practices. The Commission on Tuesday also lifted warnings on Fiji, Panama


European Commission VP Welcomes European Shipping Week

Siim Kallas

European Transport Commissioner and Vice President of the European Commission Siim Kallas voiced his support for the launch of European Shipping Week, claiming it will help to raise the profile of shipping in Brussels "and allow for a good interaction between its multiple players and decision


Ocean Power Technologies to Deploy PB40 PowerBuoy Off New Jersey

The PB40 protoype powerbuoy undergoihng a final inspection

Ocean Power Technologies, Inc., announced today that the PB40 PowerBuoy(R) fabricated for the WavePort Project has shipped from Santander, Spain to Bayonne, NJ with the intent to deploy off the coast of New Jersey in the first quarter of 2015


European Parliament Backs European Shipping Week

Martin Schulz (Photo: European Parliament)

European Shipping Week has been granted the European Parliament’s official patronage by its President, Martin Schulz. Both the European Commission and the European Parliament have now actively expressed their support for the week-long event which will be held in Brussels during March 2-6


EU to Invest in Port of Dublin Development

The EU's TEN-T Program  will co-fund with almost €2.5 million studies on the capacity development in the Port of Dublin to improve the freight traffic connection to the main rail and road axis linking Ireland to the UK and continental Europe.


EU Says No Deal Yet in Ukraine-Russia Gas Talks

The European Commission cancelled a news conference planned to follow talks between Russia and Ukraine on gas supplies on Wednesday, saying negotiations in Brussels were continuing late into the evening. All three parties had been hoping to conclude a deal on resuming Russian natural gas


Total CEO: EU Must Fight US Crude Export Law

First major public appearance of new Total head; he challenges European politicians to fight US ban. The new head of French energy major Total challenged Europe to fight Washington over the U.S. oil export ban, in his first public appearance since his predecessor Christophe de Margerie was






 
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