Offshore Regulations - page 2

Vattenfall Exploring 'all options' for UK Offshore Wind Projects

Sep 07, 2023

Sweden's Vattenfall is evaluating options for proceeding with offshore wind projects off the Norfolk coast in Britain after stopping work on one of them earlier this year, the company said on Wednesday.Vattenfall halted development of its 1…

Danish Supreme Court Fules Against Maersk and TotalEnergies in Tax Case

Sep 06, 2023

Denmark's supreme court on Wednesday ruled against Maersk and TotalEnergies in a tax case involving the alleged misuse of transfer pricing in the companies' business in Algeria and Qatar.The case was filed by the Danish tax authorities saying that Maersk's oil unit…

How Serious a Problem is the Cost Issue in U.S. Offshore Wind?

Sep 04, 2023

Much has been written recently about the challenges facing U.S. offshore wind projects, resulting in requests to terminate or renegotiate contracts to sell power to states. Examples of these challenges can be found from Massachusetts to Virginia…

Brazil President Lula's Aide: To Fund Energy Transition We Need Oil Money

Aug 16, 2023

There is no contradiction between defending an ecological transition and new oil exploration fronts, the chief of staff for Brazil President Luiz Inacio Lula da Silva said on Wednesday, as state-run giant Petrobras seeks clearance to drill a well at the mouth of the Amazon River…

Triton Offshore Wind Farm Secures Natura 2000 Permit

Aug 16, 2023

Swedish offshore wind developer OX2 said its offshore wind farm Triton off the southern coast of Sweden had received a Natura 2000 permit. In June the County Administrative Board finalized its handling by suggesting the government grant Triton…

Namibia Grants Global Petroleum, Partners 2-Year Renewal Period for Offshore Block

Aug 14, 2023

Oil and gas company Global Petroleum said Monday that the Namibian Ministry of Mines and Energy had given approval for the company and its partners to proceed to the First Renewal Period ('FRP') of Walvis Basin license PEL 94, with a duration of two years from September 2023 to September 2025…

Guyana Oil Legislation Will Grant Broad Powers to Energy Minister

Aug 11, 2023

Guyana’s parliament on Thursday passed long-awaited oil legislation that grants the natural resources minister extensive power over its multi-billion-dollar oil industry. The new rules will be applied to future projects in the South American country…

RWE, Vattenfall, Waterkant Energy win 1.8 GW German Offshore Wind Auction

Aug 11, 2023

Utilities RWE, Vattenfall, and development firm Waterkant Energy have been awarded four offshore wind sites in the North Sea in a tender worth 784 million euros ($864.75 million), the German energy regulator said on Thursday.The companies secured rights to the areas suited to housing 1…

Germany Grants Awards for 900-megawatt Offshore Wind Nordseecluster B to RWE

Aug 10, 2023

The German Federal Network Agency today announced that RWE has been granted awards for Nordseecluster B. This involves the N-3.6 and N-3.5 sites in the German North Sea, on which RWE plans to develop, build, and operate two wind farms with a total capacity of 900 megawatts (MW)…

Tullow's Gabon Licenses Extended to 2046

Aug 09, 2023

Oil and gas firm Tullow said Wednesday it had received approval from the Government of Gabon for the extension of several of its Gabon licences to 2046.'The license extensions increase the value of Tullow's resource base through the addition of c…

Britain Boosts Latest Renewable Power Subsidy Round by 22 Million Pounds

Aug 03, 2023

Britain has increased the amount available in its latest auction round to spur renewable power projects by 22 million pounds ($28 million) taking the total to 227 million pounds, the government said on Thursday.The move comes after Britain’s…

North Sea Oil Field Receives Regulatory Nod

Aug 03, 2023

Anasuria Hibiscus UK Limited, a UK-subsidiary of the Malaysian oil firm Hibiscus Petroleum has received a Development and Production Works Consent to a Field Development Plan (“FDP”) for the Teal West field in the UK North Sea.The consent was granted by the UK energy industry regulator…

Prime Minister Sunak Defends Britain's Climate Record

Aug 02, 2023

British Prime Minister Rishi Sunak defended his government's policies on the environment on Wednesday after campaigners criticized them, saying its record on cutting carbon emissions is better than other major countries.Britain adopted the target…

Have Your Say: Irish Gov't Invites Views on South Coast Offshore Wind Projects

Aug 02, 2023

The Irish government has launched a public information and engagement period seeking the views of local South Coast communities to help determine where future offshore wind energy developments may take place. This follows the publication of…

Iran Says Will Pursue Rights over Durra Offshore Gas Field

Jul 31, 2023

Iran will pursue its rights over the Durra/Arash field if other parties shun cooperation, the country's Oil Minister Javad Owji said on Sunday, according to the Oil Ministry's SHANA news agency. 'If there is no willingness to cooperate, Iran will pursue its rights and benefits…

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