Offshore Regulations - page 3


ANALYSIS-Has Britain Lost Its Climate Crown?

Sep 26, 2023

Britain, which was quick to set ambitious climate goals, is now stumbling on the path to reach net zero emissions by 2050 and facing hurdles that could resonate with nations trying to balance their targets with politics and the cost of action…

US to Complete Offshore Wind Auctions on Schedule in 2024, Department of Interior Says

Sep 26, 2023

The Biden administration will complete its ambitious offshore wind leasing schedule on time next year, the Interior Department told Reuters, despite delays to preparatory work for the auctions and sagging demand from the industry.President Joe…

Biden Administration to Appeal Judge's Order Expanding Gulf Oil Auction

Sep 25, 2023

The Biden administration and environmental groups on Friday said they would appeal a Louisiana federal judge's ruling that ordered an expansion of next week's sale of oil leases in the Gulf of Mexico.The U.S. Interior Department and groups including…

U.S. Judge Orders Expansion of Gulf of Mexico Oil Lease Auction

Sep 22, 2023

A federal judge in Louisiana has ordered an expansion of next week's sale of oil leases in the Gulf of Mexico, saying the Biden administration must include additional acreage, according to a court ruling issued late on Thursday.The oil and gas industry…

Venezuela Protests Guyana's Auction of Offshore Oil Blocks

Sep 19, 2023

Venezuela's government on Tuesday criticized Guyana's offshore oil bidding round and said companies seeking up to eight blocks will not have rights to explore the maritime areas, which would be subject to international claims.Guyana and Venezuela…

Brazil Likely to Explore Equatorial Margin for Oil, Finance Minister Says

Sep 18, 2023

Brazil will likely end up exploring the Equatorial Margin for oil but state-run Petrobras should adopt a 'cautious' approach given the need for precautions to protect the environment, Finance Minister Fernando Haddad said on Sunday.The Equatorial Margin is some 2…

Vattenfall to Build 630MW Offshore Wind Farm in Germany

Sep 14, 2023

Vattenfall has secured the right to develop the N-6.6 offshore wind power project off the German North Sea coast after having exercised its right of entry. Together with the project N-7.2 in the same area, the two projects are expected to generate…

Norway Considers Three Areas for 2025 Offshore Wind Tender

Sep 14, 2023

Norway's oil and energy ministry is considering three areas for an offshore wind tender planned for 2025, which is part of its wider goal to develop 30 gigawatts (GW) of offshore wind by 2040, it said on Thursday.The ministry has tasked the Norwegian Water Resources and Energy Directorate (NVE)…

EU's Von der Leyen Pledges More Support for Wind Industry

Sep 13, 2023

The European Union will put forward a package of measures to support Europe's wind power industry as renewable energy companies struggle with challenges including inflation, European Commission President Ursula von der Leyen said on Wednesday…

Colombia Mulls Making Ecopetrol Mandatory Partner in Offshore Wind Farms

Sep 12, 2023

Colombia's government is considering revising rules to make majority state-run energy company Ecopetrol an obligatory partner in every offshore wind project, three people familiar with the matter told Reuters.The Ministry of Mines and Energy will…

UK North Sea Transition Authority to Regulate Offshore Hydrogen Ops

Sep 08, 2023

The UK North Sea Transition Authority (NSTA) is expected to take on the role of offshore hydrogen transport and storage regulator following the conclusion of a consultation on the proposal.The move is intended to support the industry by enabling…

Latest UK Renewables Auction Fails to Attract Offshore Wind Bids

Sep 08, 2023

Britain's latest subsidy auction for new renewable energy projects awarded no contracts for offshore wind projects, the results published on Friday showed, drawing criticism from opposition politicians and environmental campaigners.In a 2022 auction…

Chevron, Repsol Quit Oil and Gas Exploration Blocks in Mexican Gulf

Sep 08, 2023

Energy companies Chevron and Repsol decided to quit offshore oil and gas exploration areas in Mexico, the regulator for the sector said on Thursday, joining more than a dozen other companies after disappointing results.Both had won the blocks in the Gulf of Mexico in a tender process…

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…

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