Offshore Regulations


Angola Hopes Reforms Will Aid Oil Assets Sales

Oct 17, 2019

Angola is hoping sweeping economic reforms will smooth an ambitious plan to sell key state assets, including stakes in oil company Sonangol, a share of Puma Energy and more than 100 other enterprises.Africa's second biggest oil exporter is in…

How Brazil's $26 Bln TOR Auction Works

Oct 16, 2019

Brazil's Senate passed the main text of a bill late on Tuesday defining the distribution of proceeds from a blockbuster auction of oil prospecting rights, a key milestone for the enormous offshore region known as TOR - the 'transfer-of-rights' area…

Brazil Passes Bill Dividing TOR Proceeds

Oct 15, 2019

Brazil's Senate unanimously approved the main text of a bill on Tuesday night that clears the way for what may be a record-setting offshore oil rights auction in the Latin American oil powerhouse.The bill regulates how proceeds from the blockbuster 'transfer of rights' oil auction scheduled for Nov…

Can Liability Really Be Perpetual?

Oct 15, 2019

How to manage the legacy left by industrial development can be riddled with uncertainty and be enduring in nature. Perhaps understandably, the development of the UK’s offshore hydrocarbon reserves prioritized production considerations over those…

Denmark Weighs Ending North Sea Exploration

Oct 11, 2019

Denmark is assessing whether to go ahead with an already announced tender for new oil and gas exploration in the Danish North Sea after setting itself one of the most ambitious climate targets in the world.The new Social Democratic government…

Brazil Court Green Lights TOR Mega Auction

Oct 10, 2019

Brazil's Federal Audit Court known as the TCU unanimously approved on Wednesday the ground rules for a major auction of pre-salt oil concessions in a 'transfer of rights' (TOR) area off the country's southeastern coast.The government expects to raise 106 billion reais ($25…

Brazil's New Dawn

Oct 10, 2019

Brazil’s offshore oil and gas sector: it’s complicated, challenging and rife with opportunity.Brazil today is seeing offshore activity increase, production is on the rise, and its government has made significant strides to remove obstacles for investment…

Equatorial Guinea Says Currency Caps Will Hurt Energy Prospects

Oct 10, 2019

New currency controls enforced by the Bank of Central African States (BEAC) could ruin the oil and gas industry in the Gulf of Guinea and 'destroy' Equatorial Guinea's economy, the country's oil minister told Reuters on Wednesday.Equatorial Guinea…

Majors to Bid in Brazil's $800 Mln Oil Auction

Oct 10, 2019

BP PLC, Chevron Corp and Royal Dutch Shell PLC are among firms that will compete for exploration and production rights off the Brazilian coast on Thursday, in the first of three oil bidding rounds scheduled for coming weeks.Combined, the minimum…

Senegal Delays Oil Licensing Round

Oct 09, 2019

Senegal has delayed the launch of an oil and gas licensing round due on Wednesday until November 4 as contract documents still need to be finalized, oil minister Mahamadou Makhtar Cisse said.'We need to ensure the legal framework for investors…

Climate Stakes for Suppliers

Oct 03, 2019

After a week that saw Norway announce a record number of oilfields in operation and support for the UN Climate Change Committee’s new report, there’s a paradoxical window of opportunity for offshore suppliers offering increments of “green” savings…

14 Firms to Bid in Brazil's Massive TOR Auction

Sep 30, 2019

Fourteen companies have been officially approved by Brazilian authorities to participate in an oil bidding round in November, in which total signing bonuses are expected to be the biggest so far, exceeding $25 billion, national oil regulator ANP said on Monday…

Mozambique Eyes $880 Mln in Tax from Anadarko Takeover

Sep 27, 2019

Mozambique is targeting $880 million in capital gains tax from the takeover of Anadarko Petroleum by Occidental Petroleum, local newspaper O Pais reported on Friday.Anadarko led a liquefied natural gas project in the southern African country…

Chevron, Thailand in Dispute Over Decom Tab

Sep 26, 2019

U.S. energy major Chevron Corp has opted to continue negotiations with Thailand rather than seek arbitration to resolve a dispute over who should pay for removing offshore oil and gas platforms, the company told Reuters on Wednesday.Thailand…

Current News

Schlumberger Profit Beats Estimates

Petrobras Posts Another Major Production Boost

Eni CEO: No Future for Firms Working in Just O&G

TechnipFMC Wins EPCI Contract from Woodside

Partners Plan Floating Wind Farm in South Korea

Maersk Drilling Scores POSCO Contract

Woodside Makes FID for Pyxis Hub Project

Online Tool Helps Assess Drilling Safety

Transocean Bags $75Mln New Contracts

Naval Energies, SIDS DOCK to Support OTEC

Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

Archive
Subscribe

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week