Shell announced on its website that the Environmental Appeals Board (EAB) denied all petitions for review of Shell’s Noble Discoverer OCS air permits. As a result, Shell has, for the first time, usable air permits that will allow the Noble Discoverer to work in the Alaska OCS beginning in 2012. “Achieving usable permits from the [...]
A Russian court threw out two multi-billion dollar lawsuits against BP on Friday, handing the British oil company a key victory in legal … By Melissa Akin and Vladimir Soldatkin (Reuters) Source:Reuters , November 11, 2011;
The European Parliament has rejected calls for a moratorium on offshore drilling, pushing instead for Brussels to adopt new rules obliging… Read more at Euractiv.com Source: Euractiv,September 14, 2011;
Shares in struggling Neptune Marine Services jumped at the open after the company revealed late yesterday its board had rejected a … By PETER WILLIAMS, The West Australian Source:The West Australian, August 30, 2011;
Moex Offshore Announcement: “On December 15, 2010, the U.S. Department of Justice filed a complaint against nine companies, including MOEX Offshore 2007 LLC (“MOEX Offshore”). This complaint seeks removal costs, economic losses, and environmental damages under the Oil Pollution Act, and civil penalties under the Clean Water Act. MOEX Offshore is a ten percent non-operating [...]
The Board of Dana (the “Board”) is today posting a circular to Shareholders setting out the valuation of Dana based on an Independent Expert’s asset valuations. The Independent Expert’s Report supports the Board’s view that the offer made by Korea National Oil Corporation (“KNOC”) for all the issued and to be issued shares of Dana [...]
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Vantage Drilling Company received an unsolicited proposal to acquire all the outstanding shares of the Company at a premium to the current market price. The proposal was subject to due diligence and requested an exclusivity period. In addition, the proposal was conditioned on the Company abandoning its contemplated senior notes and equity offerings. After careful [...]
