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LS

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CONCERNS FOR OIL COMPANIES IN NORTHERN IRAQ

BAGHDAD - Six international oil companies working in Iraq's Kurdish region, including Exxon and Chevron, have decided to suspend production and evacuate their staff for security reasons. Their decision comes after clashes between Kurdish peshmerga security forces and militants belonging to the radical militant group known as the Islamic State, who are attempting to advance on the Kurdish regional capital Erbil. Alongside Exxon and Chevron, Abu Dhabi's TAQA, Canada-listed Oryx Petroleum, London-listed oil producer Afren and US oil producer Hess…
LS
August 14, 2014
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SOCO International – Activity update

Republic of Congo (Brazzaville), Marine XI SOCO announces that the Lidongo X Marine-101 (“LXM-101”) exploration well has spudded in the Marine XI Block, located in the Congo Basin, offshore the Republic of Congo (Brazzaville). The LXM-1 well is designed to test the extension of an adjacent gas/condensate/oil field into the Marine-XI license block. The LXM-101 well is located 23 kilometres north west of Pointe Noire in a water depth of approximately 45 metres. The planned total depth for the well…
LS
August 9, 2014
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Why caution is required for those entering Indian waters

The Madras High Court's Madurai bench today quashed invoking of the Arms Act against the crew of the US-firm owned ship M V Seaman Guard Ohio. Justice P N Prakash in his judgement on the petitions filed by Dudinik Valentyan, the captain of the ship and other crew to quash the invoking of the Arms Act registerd against them by Q branch police at the Judicial Magistrate Court in Toothukudi district, said "I have no doubt that any foreign ship…
LS
July 11, 2014
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Nigerian lawlessness and its impact on the UK

The UK economy is heavily exposed to lawlessness off the coast of Nigeria, a new report published by the UK Chamber of Shipping says. The report found that almost all of the UK’s annual £6.3bn of trade with the region is put at risk by being moved through the high maritime crime region of the Gulf of Guinea, including 12 percent of the UK’s oil. Guy Platten, chief executive of the UK Chamber of Shipping, said: “This report sets out…
LS
July 11, 2014
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RSG ‘s services sought by countries hosting NATO and EU forces

The UN, EU and AU deployments in Mali and Central African Republic are making increasing use of private contractors. The telecommunications towers that Thales leased to NATOin Afghanistan are gradually being removed and redeployed to Central African Republic, where the French group won a contract to provide secure voice and data communications to the European Union's EUFOR rapid reaction force. In neighbouring Mali, Thales and its partner, the public engineering agency France Expertise Internationale, are also bidding to provide similar…
LS
June 26, 2014