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FAL Convention updates target seafarers, stowaways and IT

Seafarers' rights to shore leave have been strengthened through amendments which entered into force globally on January 1, 2018.  The amendment to the international standard on shore leave in the Convention on Facilitation of Internationa...

02/01/2018 Read

Saudi Arabia said to expect oil revenue to increase 80% by 2023

audi Arabia expects oil revenue to jump about 80% by 2023 to help the kingdom record its first budget surplus in a decade, according to people with knowledge of the matter. Under a six-year program to balance the budget, officials predict rising o...

02/01/2018 Read

Ocean Rig in management shake-up following restructuring

Offshore driller Ocean rig has made several major management changes, following completion of financial restructuring. The driller, which completed its debt restructuring back in September, announced on Friday, December 29 the changes to the...

02/01/2018 Read

Russian cargo ship stuck off portsmouth

HM Coastguard is assisting a Russian flagged cargo ship which started to list to one side just outside Portsmouth Harbour. Due to adverse weather conditions, plans to move Mekhanik Yartsev were put on hold, the coastguard said. The 2,700 dwt sh...

28/12/2017 Read

Trump looking to roll back offshore drilling safety rules

The U.S. President Trump administration is reportedly looking to roll back a number of safety regulations related to offshore drilling activities put in place after the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.  The Wall Street...

28/12/2017 Read

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