Offshore Regulations


Cyprus Petitions The Hague to Safeguard Offshore Rights

Dec 06, 2019

Cyprus has petitioned the International Court of Justice (ICJ) in The Hague to safeguard its offshore mineral rights, its president said on Thursday, upping the ante with neighbor Turkey which disputes its claims.Cyprus's internationally recognized…

PSA Probes Statfjord Leak

Dec 03, 2019

Norway's Petroleum Safety Authority Norway (PSA) said it has launched an investigation into an oil leak from the Equinor-operated Statfjord A facility on November 26, 2019.This discharge was detected by the observation of oil on the sea surface alongside the North Sea platform…

Indonesia Mulls Production Contract Schemes

Dec 02, 2019

Indonesia considers allowing for production sharing oil and gas contracts optionsIndonesia is considering letting energy companies stick with the 'cost recovery' system for oil and gas production sharing contracts, the energy minister said on Monday…

OMV Petrom Ready to Develop Black Sea Gas Field

Dec 02, 2019

Romania's OMV Petrom is ready to press on with a multibillion euro investment in the giant Black Sea gas project it holds with ExxonMobil once Bucharest's new government lifts regulatory barriers to doing so, it said on Monday.A final investment…

Turkey Inks Maritime Boundaries Deal with Libya

Nov 28, 2019

Libya's internationally recognized government and Turkey have signed an agreement on maritime boundaries in the Mediterranean Sea that could complicate Ankara's disputes over energy exploration with other countries.Turkey, which announced the…

Comment: DWRRA Helped Spur Modern US Offshore

Nov 21, 2019

NOIA President Erik Milito weighs in after Congressional Democrats introduced the Stop Giving Big Oil Free Money Act, which the lawmakers say will repeal 'a loophole' in the Deepwater Royalty Relief Act of 1995 (DWRRA) that allowed oil and gas…

Sarawak Seeks to Recoup Tax from Petronas

Nov 21, 2019

Malaysia's state of Sarawak filed a writ summons and statement of claim against national energy firm Petroliam Nasional Bhd on Thursday to recover taxes owed, according to media reports.National news agency Bernama reported that the company…

Turkish Drillship Begins Drilling off NE Cyprus

Nov 15, 2019

The Turkish oil-and-gas drilling ship Fatih has started its operations off the coast of northeastern Cyprus, Turkish vice president Fuat Oktay said on Friday, despite warnings from European Union for Ankara to stand down.On Monday, the EU Foreign…

Australia Extends Review of Equinor Drilling Plan

Nov 11, 2019

Australia's offshore safety watchdog has asked Equinor ASA to modify its drilling plan before it can win approval to explore for oil and gas off South Australia, the regulator said on Monday.Green groups want the regulator to bar Equinor from drilling in the Bight…

Africa Oil States Aim to Lure Investors

Nov 11, 2019

Lower prices and increasing competition for investment are driving many African states to make it easier and cheaper for overseas companies to keep their oil and gas output flowing.From Ghana to Gabon, governments are adjusting terms to lure…

Trump Nominates Brouillette as New Energy Secretary

Nov 08, 2019

The U.S. Department of Energy said on Thursday that President Donald Trump had formally nominated Deputy Energy Secretary Dan Brouillette, a former vice president of Ford Motor Co and Louisiana state energy regulator, to head the department…

Brazil Govt Says Auction Rule Change Needed

Nov 07, 2019

One of the last big pre-salt rounds in Brazil finished on Thursday with only one block awarded, in another blow for authorities who have been criticized over the high cost of access to the areas.State-run Petrobras and a unit of China National Petroleum Corp were awarded the Aram block…

Cyprus Inks Deal for Offshore Gas Concession

Nov 07, 2019

Cyprus signed a 25-year concession on Thursday with a three-member consortium for the exploitation of a gas reservoir south-east of the island first discovered in 2011.The contract with Noble Energy, Shell and Delek is the first commercial exploitation licence signed by the Mediterranean island…

PetroNor Opts for Arbitration in Senegal

Nov 07, 2019

Listed independent oil and gas exploration and production company PetroNor E&P has said its subsidiary, African Petroleum Senegal Ltd, will continue on the path of seeking a resolution to the outstanding dispute over block Senegal Offshore Sud…

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VOS Champion Starts New Charter

Magazine

Offshore Engineer (Sep/Oct 2019)

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

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