Rigs & OSV Operators

Chartering Offshore Service Vessels (OSV) for Windfarm and Solar Power Generation Fields

The quest for Clean Energy leading to deployment of Windfarms and Solar Fields offshore has been increasing since 2012 at much faster pace than anticipated. Going forward to 2050, Renewables will be the primary source of new electricity generation as projected by EIA’s International Energy Outlook 2021. This translates in the launch of ambitious projects [...]

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 [...]