Legal News


WFW Advises Galloper on Sale of Assets

Mar 05, 2020

UK-based Galloper Wind Farm Ltd recently agreed the sale of its transmission assets relating to the 353 MW Galloper Wind Farm  to Diamond Transmission Partners pursuant to the Offshore Transmission Owner (OFTO) regime.The international law firm…

Protecting Offshore Production Innovations

Mar 04, 2020

Answers to six key questions regarding protection of offshore production innovations.Congratulations! You’ve just redesigned the subsea isolation valve control system (SSIV) that your company sells for use as part of an emergency shutdown system for an offshore production site…

EU Clears OLT Takeover by SNAM and FSI

Feb 18, 2020

The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of…

NABU Objects to Gennaker OWF

Feb 16, 2020

A German non-governmental conservation organisation, Naturschutzbund Deutschland e.V. (NABU), has filed an objection to the building permit for the Gennaker offshore wind farm (OWF) in the coastal waters of Mecklenburg-Western Pomerania.Massive…

UKCS Mediation Pilot Launched

Feb 10, 2020

UK oil and gas industry regulator Oil and Gas Authority (OGA) has revealed that it has launched a year-long UK Continental Shelf (UKCS) “mediation pilot”.According to the OGA, the pilot aims to test the extent to which mediation can resolve certain disputes between oil and gas licensees…

Coro Energy Awaits Approval on Duyung

Feb 10, 2020

Southeast Asian focused upstream company Coro Energy Plc said that Duyung PSC partners have agreed to a six-month extension for receipt of the necessary Indonesian approvals for the transfer of a 15 percent interest in the Duyung PSC offshore IndonesiaIn February 2019…

MOL in Restructuring Excercise

Feb 02, 2020

Japanese shipping major Mitsui O.S.K. Lines (MOL) has unveiled a number of new restructuring measures effective April 1, 2020.According to a press release, the  marine transportation provider intends to establish three new divisions and integrate its two tanker divisions to achieve synergy…

JFLCO Acquires Global Marine Group

Jan 31, 2020

British-headquartered specialist provider of submarine cables Global Marine Group (GMG) has been acquired by an investment affiliate of private equity firm J.F. Lehman & Company (JFLCO) for around $250 million.With a legacy dating to 1850, GMG…

Prosafe Misses Payment to Cosco

Jan 14, 2020

The largest and most versatile fleet of semi-submersible accommodation vessels in operation worldwide Prosafe SE has missed its final payment to China’s Cosco shipyard for the Safe Notos flotel.Offshore accommodation specialist  informed last…

Fugro Loses Arbitration Case

Jan 06, 2020

Dutch multinational Geo-data specialist Fugro announced that it has been disappointed in an arbitration case involving Tasik Toba Subsea in March 2019, of a long-term chartered DP3 diving support vessel, the Southern Star.An arbitration tribunal…

SHI Pays Valaris $200 Million

Dec 30, 2019

UK headquartered offshore drilling contractor Valaris announced on Monday that it has received a $200 million cash payment resulting from a settled dispute with South Korean shipbuilder Samsung Heavy Industries (SHI).Earlier this year, an arbitration…

Greece Proposes World Court if Maritime Dialogue with Turkey Fails

Dec 30, 2019

Greece's Prime Minister said in remarks published on Sunday that if Athens and Ankara cannot solve their dispute about maritime zones in the Mediterranean they should turn to the International Court of Justice (ICJ) in The Hague to settle the disagreement…

Petrobras Approves Sete Brasil Plan

Dec 26, 2019

Petrobras reports that its Executive Board and Board of Directors have approved the final terms of an agreement with Sete Brasil subject to the fulfillment of precedent conditions.The Agreement preserves the terms previously announced: (i) maintenance…

SNC-Lavalin to Pay Over $210 Mln for Libyan Affair

Dec 19, 2019

Canadian offshore contractor, SNC-Lavalin, will pay a CAD 280 million (USD 213 million) fine after pleading guilty to fraud and an influence-peddling charges involving the son of former Libyan leader, Moammar Gadhafi.On Thursday, the Quebec…

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