Offshore Regulations - page 5

Kuwait, Saudi Arabia Have 'Exclusive rights' in Durra Offshore Gas Field - Kuwait Oil Minister

Jul 10, 2023

Kuwait and Saudi Arabia have 'exclusive rights' in the Durra gas field in the Arabian Gulf, Kuwait Oil Minister Saad Al Barrak said on Sunday, and he called on Iran to validate its claim to the field by demarcating its own maritime borders first…

Hibiscus Petroleum's Teal West Offshore Project One Step Closer to FDP Approval

Jul 10, 2023

Anasuria Hibiscus UK Limited, a subsidiary of the Malaysian oil and gas company Hibiscus Petroleum said it has received the consent for the Environmental Statement for the Teal West Development in the UK.The consent was granted by the Offshore…

French Court Rejects Case Seeking Halt to TotalEnergies' New Oil and Gas Projects

Jul 06, 2023

A French court on Thursday declined to consider a case brought by a coalition of environmental groups and local authorities which was seeking an immediate halt to new oil and gas projects by TotalEnergies.The coalition launched legal action…

Brazil Aims to Pass Offshore Wind, Green Hydrogen Laws by 2023 End

Jun 28, 2023

Brazil aims to pass a regulatory framework for offshore wind and green hydrogen by the end of this year, the country's energy minister told Reuters on Tuesday, as Latin America's largest nation seeks to unlock new sectors to power its energy transition…

Norway Moves to Open Its Waters to Deep-sea Mining

Jun 20, 2023

The Norwegian government on Tuesday proposed opening its waters to deep-sea mining despite opposition from green campaigners and some countries, as it seeks to shift from a reliance on hydrocarbons to new sources of economic activity.Norway…

UK to Waive Oil, Gas Windfall Tax if Prices Fall Far Enough

Jun 09, 2023

Britain's windfall tax on oil and gas producers will not be applied if prices drop below certain levels for six months in a row, the finance ministry said on Friday, in a move the government hopes will boost energy security.The energy profit…

Kazakhstan's Oilfields, Disputes, and Settlements

Jun 08, 2023

Kazakhstan's Energy Minister Almasadam Satkaliyev said on Tuesday that the central Asian country is pressing ahead with $16.5 billion in claims against international oil companies over disputed project costs.The new claims are the latest in…

Thousands of Jobs for Norway: Aker BP's Offshore Development Plans Approved by Norwegian Parliament

Jun 07, 2023

Following news on Tuesday that the Norwegian parliament had approved some of Aker BP's offshore oil and gas development project in Norway, the confirmation came Wednesday from Aker BP itself.'Today, the Storting has approved Aker BP’s plans…

Kazakhstan to Press Ahead with $16.5B Claim Against Oil Majors

Jun 06, 2023

Kazakhstan is pressing ahead with $16.5 billion in claims against international oil majors over disputed project costs and has no plans for a possible out-of-court settlement, Energy Minister Almasadam Satkaliyev said on Tuesday.The legal wrangling…

Congo Finalising Deal with Angola and Chevron Over Offshore Oil Block

Jun 06, 2023

Democratic Republic of Congo is nearing an agreement with neighbouring Angola over one of the offshore blocks between the countries that have been the subject of a 50-year dispute, Congo's oil minister told Reuters. Under the terms of the production-sharing deal proposed by Angola and Chevron…

Baron Oil Gets Six-Month Extension for Chuditch PSC Offshore Timor-Leste

Jun 02, 2023

Baron Oil's subsidiary SundaGas, which operates the Chuditch PSC, offshore Democratic Republic of Timor-Leste, has been granted a further six-month extension to Contract Year Two of the PSC by the relevant Timor-Leste national authority, Autoridade Nacional do Petróleo e Minerais ('ANPM')…

Trinidad Asks US for Changes to Venezuela Offshore Gas Project License

Jun 02, 2023

Trinidad and Tobago is requesting the U.S. government amend the terms of a license authorizing the joint development of a promising offshore gas field with Venezuela, the Caribbean nation's energy minister said on Thursday.The United States…

Petrobras Confirms Filing Request for License to Drill in Amazon Mouth River, Denies Reports on Expected Timeline

May 31, 2023

Brazilian oil firm Petrobras denied media reports claiming that the oil company expected to obtain the environmental license to drill a well in the FZA-M-059 block, offshore Brazil, in up to six months.As previously reported, Brazil's environmental…

PKN Orlen, PGE Get Location Permits for Baltic Offshore Wind Farms

May 31, 2023

Two Polish state-controlled companies, oil refiner PKN Orlen and power utility PGE , have received permits to build offshore wind farms on the Baltic Sea.Poland's infrastructure minister awarded five permits for available locations to PKN Orlen group and one to PGE…

BOEM Completes Environmental Review of Gulf of Mexico Wind Lease Areas

May 30, 2023

The United States' Bureau of Ocean Energy Management (BOEM) on Tuesday issued a final environmental assessment (EA) on potential impacts from offshore wind leasing on the U.S. Outer Continental Shelf in the Gulf of Mexico, marking another step…

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