Marine & Offshore

Potential of Hong Kong as a Business Centre for Offshore Oil & Gas Industry Segments

Hong Kong can become an ideal location for the OSV Operators and Offshore Oil & Gas Exploration Companies, in the near to long term future, provided concerted efforts by the government and a favorable eco-system is put in place soonest. This proposition is based on four key drivers of strategic importance: In context of the [...]

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 & [...]

Why Arbitration is the Best Forum for Resolving Complex Maritime Disputes?

The maritime disputes may vary from Charter Party issues, cargo interests, accidents, insurance claims, personal injury claims and the list goes on. All these issues are not only multiple and complex but frequently also are multi-party. Traditionally ship owners are well versed with the phrase “Forum Shopping”, which means that, whenever a third party claim [...]

January 21st, 2016|Categories: Latest News, Marine & Offshore|0 Comments

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 [...]