Legal News

 

Oil Industry, Green Groups Challenge Biden Offshore Drilling Plan

Feb 12, 2024

Oil and gas companies and environmental groups on Monday filed dueling legal challenges to the Biden administration's five-year plan to offer drilling leases in the Gulf of Mexico.The petitions to a U.S. appeals court come four months after the Interior Department unveiled a congressionally-mandated plan for offshore leasing that included just three sales, the lowest since the government began publishing the schedules in 1980…

Hess Facing Three Lawsuits Over Disclosures in Chevron Deal

May 21, 2024

Oil producer Hess on Tuesday said it is currently facing three lawsuits alleging inadequate disclosures over its proposed sale to Chevron.Chevron last October offered to acquire Hess in a move to gain a foothold in oil-rich Guyana's lucrative offshore fields…

Siem Offshore Rebrands as Sea1 Offshore Following Chairman Exit

May 13, 2024

Siem Offshore has changed its name to Sea1 Offshore followong an ownership change that saw the company's founder and chairman exit the Norwegian offshore support vessel (OSV) firm.Kristian Siem, longtime leader of Siem Offshore, stepped away…

Norwegian Court Pauses Ban for Two Aker BP-Operated Oil and Gas Fields

Mar 21, 2024

A Norwegian appeals court put on hold an injunction that could have halted the development of two oilfields operated by Aker BP, environmental group Greenpeace said on Thursday, in a win for the government and energy companies.In January, the…

MARAD’s Title XI Changes: Good News for Offshore Wind?

Feb 12, 2024

The U.S. Department of Transportation's Maritime Administration (MARAD) in December issued a final rule updating its financial requirements for the Federal Ship Financing Program, commonly referred to as Title XI. While the move applies to the U…

SLB Recovers $560 Million from Pemex

Jan 24, 2024

The world's largest oil services company, SLB, said on Wednesday that it was recovering $560 million of the $1.015 billion it is owed by Pemex via a financial institution that had loaned the Mexican state company money.SLB, formerly known as Schlumberger…

Three Norwegian Oil and Gas Field Permits Invalidated on Environmental Grounds

Jan 18, 2024

Three permits given by the Norwegian government to develop new offshore oil and gas fields were found to be invalid on Thursday because their environmental impact was not sufficiently assessed, in a ruling that could set a precedent for new fields…

Group of 27 Shell Investors Co-file New Climate Resolution

Jan 15, 2024

A group of 27 investors that own around 5% of Shell's shares has co-filed an independent resolution urging the energy company to set tighter climate targets, the biggest such drive to date.The resolution, led by activist shareholder Follow This…

Saipem Barred from Public Contracts in Brazil for 2 Years

Jan 12, 2024

The Brazilian administrative authority has suspended Italy's Saipem and its subsidiary Saipem do Brasil from contracting with the country's public administration for two years, the engineering and construction group said on Friday.The decision…

Eastern Awarded Contract to Complete MPSV Builds for Hornbeck

Jan 03, 2024

Panama City Fla. based Eastern Shipbuilding Group announced it has been awarded a contract to complete construction of two ultra high-spec 400 class multipurpose support vessels (MPSVs) for Hornbeck Offshore Services (HOS).The newbuilds were originally started by Gulf Island Shipyards in Houma…

Repsol Fined for Flaring and Venting Breach in the UK

Dec 13, 2023

Spanish multinational energy company Repsol has been fined in the U.K. after its platforms in the North Sea were found to be emitting greenhouse gases into the atmosphere without permission.The North Sea Transition Authority (NSTA) said the £160…

FTC Seeks Additional Data on Chevron-Hess Deal

Dec 08, 2023

The U.S. Federal Trade Commission has sent a second request to Chevron and Hess, seeking additional information and documentary materials related to their pending merger, the companies said on Friday.(Reuters Reporting by Sourasis Bose)

Shell Sues Greenpeace for Boarding Penguins FPSO While in Transit

Nov 09, 2023

Shell is suing Greenpeace for $2.1 million in damages after the environmental group's activists boarded the company's oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters.The British oil and gas major filed the claim in London's High Court…

US Postpones Gulf of Mexico Oil and Gas Auction Due to Litigation

Nov 02, 2023

The Biden administration on Thursday postponed a Nov. 8 sale of offshore drilling rights in the Gulf of Mexico pending the outcome of a lawsuit over oil and gas development and federal protection of an endangered species of whale.The move comes after a U…

China Ship is Focus of Pipeline Damage Probe, Finland Says

Oct 22, 2023

An investigation into the damage to the Balticonnector gas pipeline is currently focused on the role of the Chinese NewNew Polar Bear container vessel, Finland's National Bureau of Investigation (NBI) said on Friday.Early on Oct. 8, a gas pipeline…

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