Offshore Regulations - page 8

Nigeria Renegotiating Terms with Oil Majors to Keep Investments Flowing

Feb 05, 2021

Nigeria's state oil company is renegotiating commercial contract terms with major oil firms, its chief told Reuters, in a move that it hopes will keep investment flowing into a sector crucial for its economy at a time when spending is being slashed…

BOEM to Restart Permitting for Major US Offshore Wind Project

Feb 03, 2021

The Biden administration said on Wednesday it would restart permitting for the first major U.S. offshore wind farm, reversing a Trump administration decision that canceled the process late last year.The U.S. Bureau of Ocean Energy Management…

Nord Stream 2 Pipeline: 'We won't meddle in Germany's energy choices,' French FM says

Feb 03, 2021

France will not put pressure on Germany about its plans for the Nord Stream 2 pipeline to pump more Russian gas to Europe, Foreign Minister Jean-Yves Le Drian said on Wednesday.A junior French minister said this week that Europe should consider…

Offshore Wind Firm Ørsted's CEO Optimistic Biden Will Speed Up Permitting

Feb 03, 2021

Energy group Ørsted expects previously delayed U.S. wind farm projects to receive swifter approval under President Joe Biden's administration, the new chief executive of the Danish energy group said on Wednesday.Mads Nipper, who took the helm of the company in January…

India Could Give Cairn Offshore Oil Field in Lieu of $1.2B Arbitration award

Feb 01, 2021

The Indian government may give Cairn Energy a surrendered oil field such as the Ratna R-Series [offshore the west coast] in lieu of an arbitration award against the South Asian country, according to a Press Trust of India report in financial daily Mint…

U.S. Energy Secretary Nominee Defends Biden's Green Push

Jan 29, 2021

U.S. President Joe Biden's nominee for energy secretary, Jennifer Granholm, defended his administration's push for a clean energy transition as senators from fossil fuel producing states raised concerns about its impact on jobs at her Senate confirmation hearing on Wednesday…

Republicans Seek to Block Biden's Oil Leasing Halt

Jan 29, 2021

Republican senators from oil-producing states introduced legislation on Thursday that would block the Biden administration's order pausing new oil and gas leasing on federal lands.The bill, introduced by Senator Bill Cassidy of Louisiana and 24 other senators…

NOIA Slams Biden's Order to Pause Oil and Gas Leasing

Jan 28, 2021

National Ocean Industries Association (NOIA), a U.S. association representing interests of the offshore energy industry, has slammed U.S. President Joe Biden's executive order which put on hold new oil and natural gas leases on public lands or offshore waters…

Biden Pauses Federal Oil & Gas Leasing, Eyes Offshore Wind Growth

Jan 28, 2021

President Joe Biden on Wednesday signed a new raft of executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies, as he pursues green policies he billed as a boon for job creation…

Biden to Target Drilling, Fossil Fuel Subsidies in New Climate Orders

Jan 27, 2021

President Joe Biden was set on Wednesday to sign executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies as he pursues green policies in stark contrast to those of his predecessor Donald Trump…

U.S. Offshore Wind Developer Asks Biden to Restart Permitting Process

Jan 26, 2021

Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Monday it has asked the Biden administration to restart its permitting process after former President Donald Trump's government abruptly canceled it last month…

New Age Can Apply for New Etinde License

Jan 25, 2021

Oil and gas firm New Age has received formal approval to apply for a new exploitation agreement for its Etinde license offshore Cameroon.This would replace the existing Etinde Exploitation Agreement which came into force by Presidential decree in January 2015…

Nigeria Could Pass Long-delayed Oil Reform Bill in April or May

Jan 25, 2021

Nigeria's parliament will pass the long-delayed Petroleum Industry Bill by the second quarter of 2021, Senate President Ahmed Lawan said during a parliamentary session on Monday.The measure, which is 20 years in the making, underpins everything…

German Regulator Awaits Details for Complaints Against Nord Stream 2 Pipeline

Jan 22, 2021

Construction work on the Nord Stream 2 gas pipeline could be stopped for an indefinite period in German waters but opponents still need to give detailed reasons to justify the halt, Germany's federal maritime regulator BSH said on Thursday.Two…

Biden Administration Suspends Federal Oil and Gas Permitting

Jan 21, 2021

The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it evaluates the legal and policy implications of the program, according to a Department of Interior memo.The move appears…

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