Offshore Regulations - page 8

Exxon Exits Russia Empty-handed with Oil Project 'Unilaterally Terminated'

Oct 18, 2022

Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project.  Exxon did not say if it received any compensation for the assets…

Lebanon Claims Israeli Gunboats Violated Its Territorial Waters

Oct 17, 2022

The Lebanese army said on Sunday that Israeli gunboats violated Lebanese territorial waters several times on Saturday in an area opposite Ras Naqura near the border between the two countries, an accusation Israel denied.The statement said there…

Russia Needs Permission for Its Ships to Inspect Nord Stream Damage - Novak

Oct 14, 2022

Russia needs permission for its vessels to conduct investigations into explosions that damaged Nord Stream pipelines in the Baltic Sea, Deputy Prime Minister Alexander Novak said on Friday. He did not specify who should grant the permission…

UK Adds 34 Blocks to Latest Oil and Gas Licensing Round

Oct 13, 2022

Britain is offering an additional 34 exploration blocks to its first oil and gas exploration licensing round since 2019, the North Sea Transition Authority (NSTA) said on Thursday. On Oct. 7, the NSTA initially offered 898 blocks, encouraging applications…

Israel Fast-tracks Lebanese Maritime Deal but Lawmaker Review Looms

Oct 12, 2022

Top Israeli ministers on Wednesday endorsed a U.S.-brokered deal to delineate a maritime border with Lebanon, paving the way for a potentially fractious two-week parliamentary review before it goes into force.Prime Minister Yair Lapid's security cabinet said the deal should be 'urgently' green-lit…

UK Moves to Limit Revenues of Low-carbon Energy Producers

Oct 12, 2022

Britain set out plans for a temporary revenue limit on low-carbon electricity generators on Tuesday, which the government said had the potential to save billions of pounds for consumers.The 'Cost-Plus-Revenue Limit' forms part of a broader energy…

India Will Weigh What Russia Has to Offer on Sakhalin-1 Ownership Revamp

Oct 11, 2022

India maintains a 'healthy dialogue' with Russia and will look at what is offered following an announced ownership revamp to the Sakhalin-1 oil and gas project, Petroleum Minister Hardeep Singh Puri told Reuters.   Russia last week issued a…

Japan to Decide Steps on Sakhalin-1 in Consultation with Partners

Oct 11, 2022

Japan will decide what to do about the Sakhalin-1 oil and gas project in Russia's Far East in consultation with its partners as it reviews details of a decree by Moscow, Japanese industry minister Yasutoshi Nishimura said on Tuesday.Russia last…

UK: The Crown Estate Gives Update on Celtic Sea Floating Wind Seabed Leasing Process

Oct 10, 2022

The Crown Estate for England, Wales, and Northern Ireland has updated developers on the design of the tender process for seabed leasing for floating wind energy in the Celtic Sea. The Celtic Sea program is intended to provide 4GW of renewable energy capacity by 2035…

Mexico's Pemex Has No Record of Reporting Methane Leak from Offshore Oil Field

Oct 07, 2022

Pemex did not inform Mexico's environmental regulator of a methane leak from a key offshore oilfield in December, according to the state oil company's response to a freedom of information request, which confirmed an earlier Reuters report that the regulator had no record of the incident…

Australian Court to Hear Santos Barossa Offshore Drilling Appeal in November

Oct 06, 2022

Australia's Federal Court will hear an appeal by Santos Ltd on Nov. 15-16 seeking to resume drilling at its $3.6 billion Barossa gas project off northern Australia over the objections of Tiwi Island indigenous land owners. Chief Justice James…

Canada Releases Draft Guidance on New Oil and Gas Project Emissions

Oct 06, 2022

Canada has released draft guidelines on how new oil and gas projects should demonstrate 'best-in-class' greenhouse gas emissions performance, following up on a government announcement first made in April.The guidance, released late on Tuesday…

Exxon Working on Sakhalin-1 Exit

Oct 05, 2022

Exxon Mobil XOM.N is working with its partners on the U.S. company's exit from the Sakhalin-1 oilfield in eastern Russia, its head of upstream operations said on Tuesday. Production from the giant field, which Exxon operates and in which it owns a 30% stake…

UK Mustn't Spook Investors with Energy Reforms, SSE says

Oct 04, 2022

Britain must be careful not to spook investors with its energy reforms, so it can continue attracting funds for its transition to a cleaner future, the CEO of renewables and networks company SSE said on Monday.Britain has a target to install up to 50 gigawatts (GW) of offshore wind capacity by 2030…

Macron Aims to Make it Easier to Build Renewable Energy Projects in France

Sep 22, 2022

President Emmanuel Macron on Thursday said he will cut red tape to halve the time it takes in France to get renewable projects off the ground, stressing that was crucial at a time when Europe faces a serious energy crunch amid the war in Ukraine…

Current News

Shell CEO to Split Up Renewables and Low-carbon Division

UK Shortlists BP, Equinor Low-carbon Gas Power Project for Support

Norway Offers New Exploration Licenses for CO2 Storage in North Sea

Unnamed Client Chooses Odfjell Drilling's Deepsea Atlantic Rig for North Sea Operations

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