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.
The European Commission (EC) issued a Press Release
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’.
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
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
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
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.
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
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.
The European Commission (EC) issued a Press Release stating that it has issued revised guidelines regarding state aid to maritime transport. The guidelines emphasize its support of various maritime programs, including short sea shipping and certain tax exemptions for seafarers. Source: HK Law
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
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.
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
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 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
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
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.
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
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
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.
Iran is not ready to replace Russia as a key gas supplier if sanctions against Tehran are removed, Itar-Tass news agency quoted Iranian President Hassan Rouhani as telling Russian TV channel Rossiya 1. The European Union is quietly increasing the urgency of a plan to import natural gas
The Port of Felixstowe, the Port of Britain, has become the first UK port to receive full Authorised Economic Operator (AEO) status. The AEO initiative was introduced by the European Commission through the Union Customs Code to help simplify customs procedures and secure international
The increasing use of LNG (Liquefied Natural Gas) as a fuel was given another boost with today’s commissioning of a new type of inland navigation vessel: Sirocco. Owned by Chemgas Barging, this conventional gas tanker is equipped with a main engine capable of running on marine gas
The European Commission is taking action against Spain before the Court of Justice of the European Union, because 20 Spanish ports have yet to adopt and implement the port security plan. The main objective of European port security policy is to provide protection for ships and port facilities
The Dutch company Falck Risc is becoming the number one expert on LNG safety in Europe. Together with the Unified Fire Department, Falck Risc will draw up guidelines and recommendations for emergency response services in dealing with Liquefied Natural Gas (LNG)