Offshore Regulations


Talos, Pemex Told to Seek Deal on Shared Offshore Oil Discovery

1 hour ago

Mexico's state oil company Pemex and a private consortium led by U.S.-based Talos Energy Inc have been instructed to come to an agreement detailing how they will jointly develop a large offshore oil find, the energy ministry said on Wednesday…

Congressman Pallone: Atlantic Offshore Drilling Ban in Appropriations Bill

Jul 08, 2020

U.S. Congressman Frank Pallone, Jr., the representative for New Jersey's 6th congressional district, announced that the House Democrats’ appropriations bill for the fiscal year 2021 would ban offshore drilling in the Atlantic Ocean. In May,…

Equinor Extending Asgard C FSO Life until Sep 2028

Jul 01, 2020

Norwegian energy giant Equinor has been given regulator approval to extend the producing life of Åsgard C Floating Storage and Offloading unit in the Norwegian Sea.Under the approval granted this week by the Petroleum Safety Authority Norway…

Guyana Asks World Court to Confirm Border with Venezuela

Jun 30, 2020

Guyana on Tuesday asked the World Court to confirm the demarcation of its land border with Venezuela, part of a long-running dispute between the South American neighbours with potential implications for offshore oil rights.Representatives of Guyana asked judges at the United Nations court…

UK Gov't Advised to Harness Pandemic to Speed Zero-carbon Aims

Jun 25, 2020

From creating jobs in home insulation to hiking dirty fuel taxes and expanding electric-vehicle charging, Britain's government should harness the COVID-19 pandemic to accelerate cuts in planet-heating emissions, an advisory panel said on Thursday…

Norwegian Petroleum Directorate Names New Senior Management Team

Jun 25, 2020

The Norwegian oil and gas regulator Norwegian Petroleum Directorate has appointed new senior management team.'The six directors who will make up the Norwegian Petroleum Directorate’s senior management team along with Director General Ingrid Sølvberg have now been employed…

Norway Plans Large Expansion of Arctic Oil Exploration

Jun 24, 2020

Norway is planning a major expansion of oil exploration in the Arctic, despite commitments to tackling global warming and opposition from environmental groups.Minister of petroleum and energy Tina Bru said on Wednesday the expansion was needed to protect jobs and generate wealth…

Petronas in Talks to Settle Tax Dispute with Sarawak State

Jun 23, 2020

Malaysian national oil company Petronas is in talks to finalize a deal with an energy rich province to settle a dispute over the payment of sales tax, a lawyer for the company said on Tuesday.Petronas had been fighting Sarawak state's demand…

Keppel Starts Arbitration Against Awilco Drilling

Jun 23, 2020

Keppel Corporation has launched arbitration proceedings against offshore drilling company Awilco Drilling over the latter's recent move to terminate a semi-submersible rig construction contract worth about $425 million.Awilco earlier in June…

Norway Offers 36 Offshore Blocks to E&P Firms

Jun 19, 2020

Energy companies can apply to explore for oil and gas in 36 new exploration blocks off Norway, the country's oil and energy ministry said on Friday.Western Europe's largest oil producer conducts regular licensing rounds to stimulate offshore oil exploration…

Russia Extends Sakhalin Energy Oil and Gas Licenses for 5 Years

Jun 18, 2020

Sakhalin Energy, the international operator of a pioneering liquefied natural gas (LNG) plant in eastern Russia, said on Thursday authorities have extended its oil and gas production licences, which were due to expire in 2021, for five years…

New Zealand Raises Oil Spill Insurance Requirements

Jun 15, 2020

New Zealand's maritime safety authority has greatly increased the insurance cover or other financial security that owners must have to cover marine oil spills from their offshore installations.Under recent amendments to the Marine Protection Rules Part 102…

Offshore Oil Producer Fieldwood Energy Sued over $19.2M Bond Collateral

Jun 15, 2020

Offshore oil producer Fieldwood Energy on Thursday was sued by an insurance provider for allegedly failing to post $19.2 million in collateral for performance bonds, according to a Texas state court filing.Aspen American Insurance Company issued the bonds roughly two years ago…

Macquarie Teams Up with RIDG for ScotWind Leasing Round

Jun 12, 2020

Macquarie's Green Investment Group, a green infrastructure investor, has teamed up with a Scottish offshore wind developer to compete for offshore wind projects in Scotland, it said in a statement late on Thursday.Earlier this week, Crown Estate Scotland launched ScotWind…

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