Offshore Regulations


World's Top Ship Insurers Won't Cover Ships Linked to Nord Stream 2 Pipeline

Sep 23, 2020

The world's largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions.Associations belonging to the International Group of P&I Clubs…

Nord Stream 2 Should Not be Used to Punish Russia, Says German State Leader

Sep 14, 2020

The Nord Stream 2 pipeline from Russia to Germany should not be used to punish Moscow over the poisoning of Kremlin critic Alexei Navalny, the leader of the German state where the pipeline is due to come ashore said on Friday.The Kremlin has…

Talos Says Its Gulf of Mexico Acreage Unaffected by Trump's Order

Sep 09, 2020

Gulf of Mexico operator Talos Energy has clarified that its business will in no way be affected by President Trump's executive order extending moratorium on oil and gas operations in certain areas of the Gulf of Mexico and the Atlantic.The U…

Trump to Extend Drilling Ban off Florida, Expand it to Two More States

Sep 08, 2020

U.S. President Donald Trump on Tuesday signed an order to extend a ban until 2032 on offshore oil drilling in the eastern Gulf of Mexico off Florida as he seeks to win support in the state ahead of the Nov. 3 election.The executive order, which…

Merkel Doesn't Rule Out Sanctions on Nord Stream 2 Pipeline

Sep 08, 2020

Chancellor Angela Merkel does not rule out imposing sanctions on a pipeline set to bring Russian gas to Germany in response to the suspected poisoning of a Kremlin critic with a Soviet-style nerve agent, her chief spokesman said on Monday.Merkel…

Brazil: Total Gives Up on Foz do Amazonas Offshore Blocks

Sep 07, 2020

French oil major Total has given up operatorship over five exploration blocks located in the Foz do Amazonas Basin, offshore Brazil.'Total announces that it has notified its partners on August 19 about its resignation from its role of operator for five exploration blocks…

Exploration Potential in North Sea Still Exists, Spirit Energy Says after Winning Six UK Blocks

Sep 04, 2020

Oil and gas company Spirit Energy has been awarded six new licenses in the UK North Sea as part of the UK's 32nd Offshore Licensing Round.Spirit was handed operatorship in three of the licenses; Medusa, Bucephalus and Cavendish N extension, and partnership in the remaining three…

Merkel Under Pressure to End Support for Nord Stream 2 after Kremlin Critic Poisoned

Sep 04, 2020

Pressure mounted on German Chancellor Angela Merkel on Thursday to reconsider the Nord Stream 2 pipeline, which will take gas from Russia to Germany, after she said Kremlin critic Alexei Navalny had been poisoned with a Soviet-style nerve agent…

No New E&P Projects Expected in Mexican Plan

Sep 04, 2020

A Mexican government plan to boost the energy sector that could be unveiled in the coming weeks will not likely include any new exploration or production projects open to private or foreign oil firms, the head of an oil sector trade group said Thursday…

Premier Oil Gets Offshore Blocks Near Tolmount, Catcher Fields

Sep 03, 2020

UK-based oil and gas company has won three offshore licenses as part of the UK's 32nd Offshore Licensing Round. The round offered for award 113 license areas over 259 blocks or part-blocks to 65 companies.Premier Oil said that the blocks awarded were near its operated assets…

UK Gov't to Review Offshore Oil and Gas Licensing Policy

Sep 03, 2020

The UK government said Thursday it would review its policy on the future UK offshore oil and gas licensing regime as part of the wider aim of the country towards achieving net-zero emissions by 2050.'The review will ensure the Government has…

UK Offers 113 Offshore Oil and Gas License Areas

Sep 03, 2020

The UK oil and gas regulator Oil and Gas Authority (OGA) has offered for award 113 license areas over 259 blocks or part-blocks to 65 companies in the 32nd Offshore Licensing Round.The round offered blocks in mature, producing areas close to existing infrastructure…

Exxon Presses for Guyana Approval of Third Offshore Project

Aug 27, 2020

Exxon Mobil Corp is pressing Guyana's newly-installed government for approval of its third offshore oil project, which has been under a months-long review that coincided with political turmoil in the South American country.Exxon, which operates…

US BSEE Looks at Clearing Path for Longer Tiebacks

Aug 17, 2020

The U.S. government is considering changes to policies for oil companies operating in the offshore Gulf of Mexico that might allow existing platforms to lengthen extensions to remote wells, a U.S. official said on Monday.Oil companies operate 68 offshore deepwater platforms in the Gulf of Mexico…

Current News

Guyana Nears Deal with Exxon for Payara Project

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OHT set for Merkur Market Debut

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