Legal

Top Canada Court: Ecuador Villagers Can Sue Chevron in Ontario

Canada's top court ruled on Friday that a group of Ecuadorean villagers could pursue a multi-billion pollution lawsuit against Chevron Corp in the Canadian province of Ontario.

Glencore's South African Coal Unit will Resume

Glencore will provide financial support for its South African mining unit for a coal deal with power utility Eskom as the mine restarts supplying the commodity,

Timing in Doubt on Hapag-Lloyd IPO

German container shipping group Hapag-Lloyd has taken further steps in preparation of a stock market listing and has mandated more banks for the move, but it remains

Brent Slips Towards $50, Weak Demand Weighs

ECB cuts euro zone growth forecast to 1.4 percent. Commerzbank, Barclays, BNP Paribas cut oil price forecasts. Oil prices fell on Friday, pushing benchmark North

BofA Downgrades BP to "Underperform"

BP down more than 3 pct after BofA-ML cuts rating on stock to "underperform" and warns of growing risks to co's dividend and potential for M&A that could be financed by stock.

Sound Oil Appoints Cantor Fitzgerald as Sole Adviser

  Sound Oil, the Mediterranean focused upstream gas company, is pleased to announce the appointment of Cantor Fitzgerald Europe as the Company's sole broker with immediate effect.

Rosneft, Gazprom to Receive Four Arctic Fields

Ministry of the Environment sent to the government documents on the transfer of "Rosneft" and "Gazprom" licenses for the development of four more fields on the Arctic shelf,

Virginia-Class Submarine Named USS Iowa

  Secretary of the Navy Ray Mabus hosted a ship-naming ceremony today in Ames, Iowa to announce that SSN 797, a Virginia-class attack submarine, will bear the name USS Iowa.

Belfast Harbour Goes Live With KleinPort

  Saab has commissioned its first Port Management Information System in the UK. As of September 1st, 2015, Belfast Harbour Commission commenced live operations with its KleinPort system.

Australia's New Shipping Laws Threaten Loss of Jobs

 The planned changes to Australia’s shipping laws would cause a 93% loss of Australian seafaring jobs a new report says.   More than nine in 10 domestic seafarers

Proposed Shipping Legislation to Jeopardise$100-million Investment in Australia

 Australian-owned Bass Strait shipping operator SeaRoad Holdings has warned the Federal Government that its proposed Shipping Legislation Amendment Bill could jeopardise

China Ready with ECAs

 China has taken 'important step' in tackling ship-generated emissions. China is also developing Emission Control Areas (ECAs) in its major ports.   China's Ministry

Repsol Settles with EPA Over Alaska Spill

In a settlement reached with the U.S Environmental protection Agency (EPA), Repsol E&P USA, Inc., a subsidiary of the Spanish Repsol S.A., has agreed to pay a penalty

Transocean Senior VP to Resign

Lars Sjöbring, Senior Vice President and General Counsel at Transocean Ltd., will be leaving the company, Transocean announced today. Sjöbring has agreed to aid in the search for a replacement,

Libya Plans to Sell Ex-rebel Tanker

Libya plans to sell a tanker that a former rebel group used in an attempt to bypass the Libyan government and export oil on its own last year, the Tripoli-based state prosecutor said on Thursday.

Turkey Detains 4 in Connection with Capsized Migrant Boat

Turkish police have detained four Syrians suspected of involvement in organising the passage of a boat which capsized, drowning 12 people including a toddler, as

Power of Siberia, Amur GPP to speed up Socio-Economic Development

  Alexey Miller, Chairman of the Gazprom Management Committee and Alexander Kozlov, Acting Governor of the Amur Region.met today toaddressed the progress with the Agreement on Cooperation.

Singapore Becomes Sea-Dispute Settlement Centre

 The government of Singapore has become a venue in Asia to settle maritime disputes for proceedings before the International Tribunal for the Law of the Sea (ITLOS).

USN's Fourth MUOS Satellite Launched

  After a two-day delay due to tropical storm conditions, the Navy's fourth Mobile User Objective System (MUOS) satellite launched at 6:18 a.m. EDT from Space Launch Complex 41.

Husain appointed ABB’s CTO

  ABB, the leading power and automation technology group, has appointed Bazmi Husain as Chief Technology Officer (CTO), effective January 1, 2016. Husain, an expert

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