Offshore Regulations - page 2


Ghana Energy Official Calls for Regulatory Changes

Nov 06, 2019

Ghana's Deputy Energy Minister Amin Adam said on Wednesday that domestic laws must be changed to allow companies already producing to further explore offshore areas for more oil.'We're changing our law to allow companies that are already producing in a certain area to continue with exploration…

Equatorial Guinea to Award 7-8 Blocks

Nov 06, 2019

Equatorial Guinea's Oil Minister Obiang Lima said on Wednesday that the central African nation would award 7-8 blocks from its current licensing round at the end of November.The country received a total of 21 bids on 13 blocks, out of 27 initially offered…

Pecan Field Development Faces Delays

Nov 01, 2019

Aker Energy's planned development of an oilfield in Ghana faces delay due to a disagreement with authorities over regulations, Norwegian investment company Aker ASA said on Friday.Aker said in May it expected Ghanaian authorities to approve a $4…

Africa’s Boundary Rows Delay Offshore Projects

Oct 31, 2019

The International Court of Justice has delayed to early November the hearing of the maritime border dispute between Kenya and Somalia and hence delaying further the earlier approved offshore oil and gas exploration activities by both countries…

Israel Grants Offshore Exploration Licenses

Oct 28, 2019

Israel on Monday granted offshore exploration licenses to two groups of energy companies in its latest round of tenders for the eastern Mediterranean.Israel's Energy Ministry, which made the announcement, hopes new activity will help position…

US Grants Waiver to North Sea Field Partly Owned by Iran

Oct 24, 2019

The U.S. Treasury extended a licence for Serica Energy to operate the Rhum field in the North Sea which is 50% owned by Iran's national oil company, energy producer Serica said on Thursday.The waiver by the U.S. Office of Foreign Assets Control (OFAC) allows U…

US Energy Secretary Perry to Step Down

Oct 22, 2019

U.S. Energy Secretary Rick Perry, who told President Donald Trump last week he would resign late in the year, intends to step down on December 1, the energy department said on Monday.'While Secretary Perry continues to serve at the pleasure of the President…

'Serious Injury' on Offshore Drilling Rig

Oct 21, 2019

An Australian offshore energy regulatory body has issued a prohibition notice to Diamond Offshore following a serious injury to a worker on board one of its mobile offshore drilling units operating in the Bass Strait last month.The National…

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…

S. Africa Legislation Could Spur Offshore Investment

Oct 17, 2019

South Africa is committed to fast-tracking the finalization of the proposal to split the pending Minerals and Petroleum Resources Development Bill to have a separate legislation and specific regulatory framework for the oil and natural gas sector…

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…

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Offshore Engineer (Nov/Dec 2019)

This issue of Offshore Engineer is dedicated to Exploration Outlook

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