Offshore Regulations - page 3


Borders & Southern's Falkland Islands Offshore Licenses Extended

Dec 08, 2022

Oil and gas company Borders & Southern Petroleum said Thursday it had secured the extension of its Production Licences PL018, PL019, PL020, including the Darwin Discovery Area, offshore the Falkland Islands.The offshore licenses were due to expire on the December 31…

California Offshore Wind Sale Ends First Day with $400M in High Bids

Dec 07, 2022

The United States' first sale of offshore wind development rights off the coast of California attracted more than $400 million in bids on Tuesday from companies seeking a foothold in the domestic industry's expansion to the Pacific Ocean.The auction…

UK North Sea Oil & Gas Producers Seek Price Floor to Limit Windfall Tax

Dec 06, 2022

The British government should introduce a price floor to mitigate the impact of its new windfall tax on the sector as some companies struggle with reduced access to funding, executives and industry sources say. They say the brake on capital…

U.S. Starts First California Coast Offshore Wind Lease Sale

Dec 06, 2022

The United States on Tuesday is set to kick off the first sale of offshore wind development rights for waters off the coast of California, expanding the nascent domestic industry to the Pacific Ocean.The auction is a major milestone in the Biden…

Norway to Make First Offshore Wind Tender Awards by Autumn 2023

Dec 06, 2022

The Norwegian government plans to make its first awards in an offshore wind power tender by the summer or autumn of 2023, it said on Tuesday as it published long-awaited criteria for companies to take part in the bidding.The Nordic country, a major producer of oil and gas as well as hydropower…

Philippines Must Find Way to Exploit South China Sea Resources, says President Marcos

Dec 02, 2022

The Philippines must find a way to explore for oil and gas in the South China Sea even without a deal with China, President Ferdinand Marcos Jr said on Thursday, emphasizing his country's right to exploit energy reserves in the contested waterway…

Siemens Gamesa Loses UK Patent Dispute over GE Offshore Wind Turbines

Dec 01, 2022

General Electric Co has fended off a patent lawsuit over its Haliade-X turbines brought by Siemens Gamesa Renewable Energy A/S in a London court.Judge Richard Meade of London's High Court on Wednesday said Siemens, which had sued GE claiming…

Norway Delays 26th Oil Licensing Round

Nov 29, 2022

Norway will not issue licenses for energy companies to explore for oil and gas in frontier areas during the life of the current parliament, which ends in 2025, its oil and energy minister told Reuters on Tuesday.The decision to postpone the…

U.S. Could Give Green Light to Chevron to Boost Venezuela's Oil Output

Nov 24, 2022

Chevron Corp could win U.S. approval to vastly expand operations in Venezuela as soon as Saturday once the Venezuelan government and its opposition resume political talks, three people familiar with the matter said on Wednesday. A U.S. authorization…

Indonesia Offers Four Oil & Gas Blocks in Bidding Round

Nov 23, 2022

Indonesia's energy ministry launched a bidding round on four oil and gas blocks on Wednesday, as the country seek more investments in its upstream oil and gas sector, the ministry said in a statement.Southeast Asia's biggest economy set a target…

Equinor Evaluating Impact of UK Windfall Tax on Projects

Nov 23, 2022

The Norwegian oil company Equinor said on Tuesday it is evaluating the impact of Britain's windfall tax on its oil and gas projects, including the giant Rosebank development. 'The British government's decision last week to raise the windfall…

Britain's Windfall Tax Risks North Sea Cash Flight, Output Drop, Industry Warns

Nov 22, 2022

North Sea oil and gas producers hit back after Britain's decision to raise a windfall tax on the sector, warning the move risked jeopardizing investment in the ageing basin and could cut output just as Britain seeks to boost domestic production…

Shell to 'Evaluate' 25B Pound UK Investments after Windfall Tax

Nov 22, 2022

Shell said on Monday it will evaluate plans to spend up to 25 billion pounds in Britain over the next decade following the government's decision to increase a windfall tax on oil and gas producers.'We're going to have to evaluate each project on a case by case basis…

Lula to Start Job Interviews for Petrobras Overhaul, Sources Say

Nov 21, 2022

Brazilian President-elect Luiz Inacio Lula da Silva begins interviews this week with candidates to run oil firm Petrobras, people familiar with the talks said, kicking off what may be a rocky few months for the state-controlled company.Lula…

Venezuela Asks World Court to Throw Out Guyana border case

Nov 18, 2022

Venezuela told judges at the International Court of Justice (ICJ) on Thursday that they should throw out a case filed by Guyana in a long-running border dispute, which could determine which country has rights to offshore oil and gas fields. Guyana…

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