Rigs & OSV Operators

Opportunities for Offshore Supply Bases in Supporting OSVs with Loss of Charters!

How to benefit from the stagnant demand for oil & gas sector, with oil price hanging below psychological benchmark of US$50/barrel? It has made some dents on offshore E & P support service providers. There are two most loyal and closest service providers as almost like partners of oil majors, field operators and E & [...]

Oil Market Downturn – Impact on Most Loyal Servants of Offshore Industry!

Looking at the facts and figures, there is no real downturn on the demand side of the oil as a source of energy. Neither there has been any drop in production rate of OPEC since Year2014 to 1Q2016. It is only the lower than expected economic growth of major economies, which has caused the Oil [...]

Role of International Private Law in Jurisdictions Without Jurisprudence of Oil & Gas Exploration Contracts

The series of commercial and legally enforceable agreements lays the foundation of exploitation of an offshore Oil & Gas field. The legislation for exploitation of natural reserves, specifically oil and gas from the sea bed, began in the 1950s in North America. The trend continued to grow through mostly domestic resources. In the 1970s with [...]