Offshore Regulations - page 23


Turkey Slams Cyprus Over Exploration License for Exxon, Qatar Petroleum in Mediterranean

Dec 03, 2021

Turkey on Thursday accused Cyprus of violating its continental shelf by awarding an exploration license in the Mediterranean to Exxon Mobil and Qatar Petroleum, adding it will not allow unauthorized exploration in its jurisdiction.For decades…

UK North Sea: Shell Scraps Plans to Develop Cambo Oil Field

Dec 03, 2021

Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo oil field in the British North Sea, which became a lightning rod for climate activists seeking to halt the development of new oil and gas resources.Following 'comprehensive screening' of the Cambo field…

Colombia Oil and Gas Auction Attracts 30 Bids with Estimated Value of $148.5M

Dec 02, 2021

Colombia received bids for 30 blocks from seven companies during its latest oil and gas auction, the government said on Wednesday, as the Andean country looks to maintain energy self-sufficiency amid a drive to develop renewable sources.The…

Green Group to Challenge Approval for Woodside's Pluto LNG project

Nov 30, 2021

Woodside Petroleum said on Tuesday an environmental body will challenge the government's decision to approve the expansion of its Pluto LNG train on concerns of environmental harm caused by greenhouse gas emissions.The Conservation Council of…

U.S. Oil Drilling Review Proposes Higher Fees, Development Curbs

Nov 29, 2021

The Biden administration proposed a slew of changes on Friday to the nation's federal oil and gas leasing program, including hiking fees on drilling companies and limiting their access to sensitive wildlife and cultural zones.The recommendations…

Lottery System to Decide Who Wins Rights to Giant Danish Offshore Wind Farm

Nov 26, 2021

Denmark will hold a lottery on Dec. 1 to pick the winner of a contest to build the 1 gigawatt Thor offshore wind farm, which will be the country's largest, after several bids were made at a minimum subsidy price close to zero, it said on Thursday…

Lebanon Re-launches Second Offshore Oil and Gas Round

Nov 26, 2021

Lebanon re-launched a second offshore oil and gas licensing round for eight remaining blocks on Friday, with the deadline for submission of bids set for June 15, 2022, the Lebanese Petroleum Administration said on its website.The round was initially…

U.S. Interior Department Set to Release Federal Oil Leasing Review

Nov 26, 2021

The U.S. Interior Department will release a long-awaited report reviewing the environmental costs and economic benefits of the nation's federal oil and gas leasing program as early as Friday, two sources familiar with the matter told Reuters…

Australian Parliament Clears Way for Offshore Wind Farms

Nov 26, 2021

Australia's parliament on Thursday passed legislation setting a framework for developing offshore wind farms and transmission lines, in a big boost to several multibillion-dollar proposed projects as the country looks to replace coal-fired power…

EU Drafts Plan to Cut Methane Emissions from Oil and Gas Industry

Nov 23, 2021

The EU has drafted legislation to reduce methane emissions by forcing oil and gas companies to report their output and find and fix leaks of the gas that is the second-biggest cause of climate change, according to a draft seen by Reuters on Monday…

Guyana to Request Stronger Financial Guarantees from Oil Operators

Nov 23, 2021

Guyana is getting ready to raise requirements on oil operators to protect the nation against spills and future removal costs of production platforms, the head of its environmental agency told Reuters.Guyana currently requires financial assurance…

Nord Stream 2 Pipeline Suspension Could be Short-lived

Nov 22, 2021

The suspension of the approval process for the Russian Nord Stream 2 pipeline by a German regulator could be short-lived as Europe is hungry for more gas, an analyst said on Monday after meeting officials of Russian state gas giant Gazprom.Last week…

Ecuador Planning Auctions for Oil Blocks, Refinery in 2022

Nov 22, 2021

Ecuador hopes to hold at least four auctions in 2022 to award oil blocks and the operation of Esmeraldas, its largest refinery, to private companies as it seeks to pull in billions of dollars in investments, Energy Minister Juan Carlos Bermeo said on Friday…

Legal Background Behind New Nord Stream 2 License Demand

Nov 19, 2021

Germany's energy regulator has temporarily halted the certification process for the Nord Stream 2 gas pipeline, requiring the Swiss-based, Gazprom-led consortium behind the infrastructure to form a German subsidiary to secure a licence.Following…

Geoquip Marine Accused of Jones Act Violations

Nov 17, 2021

An American offshore services trade group is accusing Swiss-headquartered Geoquip Marine of violating the Jones Act, a U.S. law requiring seaborne cargo shipped between two U.S. points to be carried by American-built, -crewed and -owned vessels…

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