Legal News

Axxis Geo Announces Court Decision to Confirm Reconstruction Proposal
Norway >> 5/3/2021 - Reference is made to the stock exchange announcement by Axxis Geo Solutions ASA ("Axxis" or the "Company") on 29 April 2021 concerning the approval by the required majority of Axxis' creditors of ...
JKX Oil & Gas Announces Final Decision on the Merits Case
Ukraine >> 4/28/2021 - JKX 's wholly owned subsidiary, Poltava Petroleum Company ("PPC") has received the final judgement of the Supreme Court of Ukraine in Case No.816/4476/14 relating to the Poltava Tax Authorities appeal...
Gulating Court of Appeal Judgement in the Case Between Prosafe & Westcon
Norway >> 4/15/2021 - Reference is made to press release dated 8 March 2018 in which Prosafe informed that the Stavanger District Court issued its judgement in favour of Prosafe in respect of the dispute between Westcon Ya...
COSL Announces Proposed Appointment of Independent Non-Executive Director
China >> 3/24/2021 - The Board announces that Mr. Fong Chung, Mark, a current independent non-executive director, will resign from the conclusion of the 2020 AGM of the Company for expiration of six years. Pursuant to the...
Premier Oil Announces Court Sanction
Scotland >> 3/19/2021 - Premier is pleased to announce that the restructuring plans of Premier and Premier Oil UK Limited (the "Restructuring Plans") received sanction at a hearing of the Court of Session in Scotland. Follow...
Investigation of Incident with BOP Ram Door on Rowan Stavanger
Norway >> 3/18/2021 - The Petroleum Safety Authority Norway has completed its investigation of an incident where a ram door was blown off the blowout preventer (BOP) during a connection test on Rowan Stavanger on 14 Septem...
Nord Stream 2 and Potential Sanctionable Activity
Russia >> 3/18/2021 - As the President has said, Nord Stream 2 is a bad deal — for Germany, for Ukraine, and for our Central and Eastern European allies and partners. The Department is tracking efforts to complete the Nord...
Enshrining Victoria’s Ban on Fracking Forever
Australia >> 3/5/2021 - The Andrews Labor Government has listened to farmers and regional communities and banned fracking in Victoria for good, enshrining the ban in the state’s Constitution. ...
Aker Solutions Announces Update on Nordsee Ost Arbitration
Germany >> 3/5/2021 - Aker Solutions has received the final ruling from an arbitration tribunal in Germany in a proceeding between Aker Solutions and a German multinational energy company. ...
OGA Launches Full Investigation into Possible License Breach
United Kingdom >> 2/15/2021 - The Oil and Gas Authority (OGA) has opened an investigation into a possible breach of reporting requirements under a license. ...
U.S. Oil & Gas Announces Regulatory Update
United States >> 1/22/2021 - U.S. Oil & Gas Plc, (“USOIL” ), the oil and gas exploration company with assets in Nevada, makes the following announcement: ...
NOPSEMA Reinforces Offshore Obligations under New Compliance Plan
Australia >> 1/21/2021 - NOPSEMA is implementing a compliance plan to reinforce legal requirements regarding the removal of property associated with offshore petroleum activities, under section 572 of the Offshore Petroleum a...
Jersey Oil and Gas Announces TGS Dispute Settlement Payment
United Kingdom >> 1/4/2021 - Jersey Oil & Gas (JOG), an independent upstream oil and gas company, ?focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to announce that it has reached a settlement with...
Petrobras Informs on Arbitration Award
Brazil >> 1/4/2021 - Petrobras informs that an arbitral tribunal, based in New York, issued an arbitration award initiated by IESA Oleo e Gas SA determining the payment of approximately US $ 37 million, plus interest, by ...
Bahamas Petroleum Provides Update on Court Process in the Bahamas
Bahamas >> 12/28/2020 - - An Application to the Supreme Court of the Bahamas (“Court”) for leave to apply for a Judicial Review, brought against the Government of The Bahamas in respect of the issue to BPC (in February 2020)...
Bahamas Petroleum Outcome of Court Proceedings in the Bahamas
Bahamas >> 12/24/2020 - BPC advises that the Supreme Court of The Bahamas has issued a ruling refusing leave in relation to an application for an extension of time to apply for Judicial Review of the decision by the Governme...
Gazprom’s Complaint Rejected by Swedish Court
Poland >> 12/23/2020 - The Svea Court of Appeal in Stockholm rejected Gazprom’s complaint to set aside the partial award of the Arbitral Tribunal concerning the dispute over the pricing terms under the Yamal contract. The r...
Pacific Drilling Announces Confirmation of Prearranged Plan
United States >> 12/22/2020 - Pacific Drilling S.A. (OTC: PACDQ) announced today that the United States Bankruptcy Court for the Southern District of Texas confirmed the First AmendedJoint Plan of Reorganization of Pacific Drillin...
Strike Shuts Down Four Equinor Fields in the North Sea
Norway >> 10/5/2020 - The trade union Lederne has stepped up its strike on the Norwegian continental shelf from Sunday midnight. As a result of the escalation, Equinor has conducted a controlled closure of the fields Gudru...
BIS Fines with $31M for Using US Equipment to Conduct Survey in Iranian Waters
Iran >> 8/24/2020 - BIS Acting Under Secretary Cordell Hull issued a final order imposing a $31,425,760.00 penalty on Singapore based Nordic Maritime Pte. Ltd. (“Nordic”) and its Chairman, Morten Innhaug (Innhaug). The ...

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