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Exxon Settles Indonesia Torture Case that Led to SEC Official's Ouster

May 15, 2023

Exxon Mobil Corp on Monday settled a long-running human rights lawsuit with villagers who claimed soldiers Exxon hired to guard a natural gas facility in Indonesia committed murder and torture.The two sides said in a Washington, D.C., federal court filing that they had resolved the 2001 case. Agnieszka Fryszman, a lawyer for the Indonesian villagers at law firm Cohen Milstein Sellers & Toll, said the terms are confidential…

Iran Denies Oil on Tanker Seized by Indonesia Belongs to Tehran

Jul 21, 2023

Iran said the oil cargo of an Iranian-flagged supertanker seized by Indonesia last week does not belong to Tehran, Iranian state media reported on Friday. A statement from Iran's oil ministry did not identify the owner of the cargo of MT Arman 114…

Sakhalin Energy Sues Svitzer over Tugboats

May 19, 2023

Russia's Sakhalin Energy operating company has filed a lawsuit in a Russian court over tugboats owned by Denmark's Svitzer, a unit of shipping and oil group A.P. Moller-Maersk, court documents showed on Thursday. The Russian court on the Pacific…

Russian Court Seizes Four Danish-owned Tugboats in Sakhalin

May 10, 2023

A Russian court on the Pacific island of Sakhalin has ordered the provisional seizure of four tugboats belonging to Denmark's Svitzer, the world's biggest tugboat operator, at the request of a Russian energy company. Moscow has been seizing…

Philippines' Supreme Court Voids 2005 South China Sea Oil & Gas Exploration Deal

Jan 10, 2023

The Supreme Court in the Philippines on Tuesday declared the country's 2005 energy exploration agreement with Chinese and Vietnamese firms was illegal, ruling that the constitution does not allow foreign entities to exploit natural resources…

How Will Japan Resolve Shipping Insurance for Russian LNG imports?

Dec 29, 2022

Japan, the world's top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from Russia after Western reinsurers said they would halt marine war insurance for ships travelling in Russian waters from Jan…

Japan Insurers in Talks with Reinsurers to Resume Coverage in Russian Waters

Dec 27, 2022

Three Japanese insurance companies that are set to halt marine coverage of risks related to the war in Ukraine starting next month are in talks with reinsurers to resume those operations, they said on Monday. Tokio Marine & Nichido Fire Insurance…

Israel, Lebanon Closing in on Maritime Border Deal

Oct 06, 2022

Lebanon and Israel are closer than ever to signing a deal demarcating their maritime border, opening the door to new oil and gas exploration, after years of U.S.-brokered negotiations.While limited in scope, the agreement is set to ease security and economic concerns in both countries…

Indonesia Jails Captain of Tanker Arrested for Illegal anchorage

Jul 15, 2022

The captain of a fuel tanker arrested by the Indonesian navy in May on suspicion of illegally anchoring in its waters has been jailed for 15 days and fined 200 million rupiah ($13,350), a navy spokesman said on Wednesday.The Nord Joy, a Panama-flagged oil products tanker…

India's ONGC Struggling to Move Russian Oil

Apr 26, 2022

India's Oil and Natural Gas Corp (ONGC) is struggling to find a vessel to ship 700,000 barrels of crude from Russia's Far East, in a growing sign that complex trades involving one of Moscow's biggest partners are being interrupted by Western sanctions…

Morgan Stanley Slashes Q1 2022 Brent Crude Price Forecast on Omicron Risks

Nov 29, 2021

Morgan Stanley on Monday cut its first quarter 2022 Brent crude price forecast to $82.50 per barrel from $95 on market expectations that the Omicron coronavirus variant could turn into a major headwind for oil demand.The market appears to be…

Singapore Charges Two for Corrupt Bunker Trading

Oct 20, 2021

Singapore authorities have charged two individuals in court for alleged corruption in relation to the trade and supply of marine fuels, the Corrupt Practices Investigation Bureau (CPIB) said in a statement.Afzal Bin Mohamed Ekbar, a bunker trader at KPI Bridge Oil Singapore Pte Ltd at the time…

Winson Denies UN Accusation it Supplied Oil to North Korea

Oct 05, 2021

Singapore-based oil trader Winson Group denied on Tuesday a U.N. Security Council report alleging that it supplied fuel to North Korea in breach of international sanctions.'Winson denies, in the strongest possible terms, any and all allegations…

Singapore Convicts Nine in Southernpec Bunker Fuel Theft Case

Sep 30, 2021

Nine people have been sentenced in Singapore to up to three years in jail for cheating buyers out of $337,000 worth of shipping fuel, authorities said in a joint statement on Thursday.The group was found guilty of using industrial strength magnets…

Cambodia Seeks Return of Ship Carrying Country's First Oil Output

Aug 26, 2021

The Cambodian government is seeking the return of an oil tanker and its crew who have been detained in Indonesia, alleging that the ship had loaded oil illegally from an offshore oil field, a government official said on Thursday.The Bahamas…

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