Offshore Regulations - page 6

Germany's Greens Promise to Scrap Nord Stream 2 Pipeline After Election

Mar 22, 2021

Germany's Greens have enshrined in their election programme plans to abolish the contested Nord Stream 2 pipeline to ship Russian gas to Europe's biggest economy, creating a hurdle to a potential alliance with the conservatives.Chancellor Angela Merkel's conservatives…

Report: EU Stops Sanctions on Turkey Oil Execs

Mar 19, 2021

The European Union has frozen plans to blacklist more senior executives at Turkey’s state-owned Turkish Petroleum Corporation (TPAO), four diplomats said, in the clearest sign that a diplomatic offensive by Ankara this year is bearing fruit…

U.S. Tells Firms Building Nord Stream 2 Pipeline to 'Immediately' Stop Work or Risk Sanctions

Mar 19, 2021

The U.S. State Department is tracking efforts to complete Russia's Nord Stream 2 natural gas pipeline and evaluating information on entities that appear to be involved, U.S. Secretary of State Antony Blinken said on Thursday.'Any entity involved in the Nord Stream 2 pipeline risks U…

Nigeria Disappointed as Shell, Eni Acquitted in Oil Block Bribery Case

Mar 17, 2021

The Nigerian government is disappointed with a Milan court's decision on Wednesday to acquit Royal Dutch Shell and Eni as well as several former and current managers of the groups in the oil industry's biggest corruption trial.“The Federal Republic…

Eni, Shell Acquitted in Nigerian Oil Block Graft Case

Mar 17, 2021

A Milan court on Wednesday acquitted energy companies Eni and Royal Dutch Shell along with a series of past and present managers including Eni Chief Executive Claudio Descalzi in the oil industry's biggest corruption scandal.The sentence, read out in court by judge Marco Tremolada…

Court Set to Issue Verdict on Nigerian Offshore Oil Field Corruption Case Involving Shell, Eni

Mar 17, 2021

A Milan court is due to issue a verdict on Wednesday in the oil industry's biggest corruption trial, a case centered around the purchase of a Nigerian oilfield by Eni and Royal Dutch Shell for $1.3 billion a decade ago.After more than three years of proceedings and 74 hearings…

Wintershall Dea Gets Approval for Norwegian Sea Appraisal Well

Mar 17, 2021

Oil company Wintershall Dea has obtained a drilling permit for the well 6406/3-10 A in the Norwegian Sea.The well will be drilled using Odfjell Drilling's Deepsea Aberdeen semi-submersible drilling rig, after the completion of the drilling of…

Deb Haaland Confirmed as Secretary of the Interior. Becomes First Native American U.S. Cabinet Secretary

Mar 16, 2021

U.S. Representative Deb Haaland was confirmed on Monday as Secretary of the Interior, becoming the first Native American to lead a cabinet agency and securing a central role in President Joe Biden’s sweeping plans to fight climate change.The U…

Reuters: Germany Bets U.S. Will Make the Best of 'Bad deal' Nord Stream Pipeline

Mar 16, 2021

Germany is betting the U.S. administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian gas to Europe and is pushing for the pipeline’s completion in defiance of U.S. opposition, officials and diplomats said.To try to block the $11 billion project…

Vår Energi Gets Nod to Use Marulk Field Subsea Infrastructure Until 2030 End

Mar 15, 2021

Norwegian oil and gas company Vår Energi has received regulatory approval to use the subsea facilities on the Marulk field in the Norwegian Sea beyond their original operating life.Vår Energi had consent for the operation of the Marulk field until December 31…

Report: UK Could Ban New North Sea Oil and Gas Exploration Licenses

Mar 15, 2021

Ministers in the UK are reportedly looking to put an end to new offshore oil and gas exploration licenses as part of the country's 'net-zero' ambitions, the Sunday Telegraph said in a report released over the weekend, citing an unnamed industry source…

Report: Nigeria Awards Tenders for 57 Marginal Oilfields

Mar 11, 2021

Nigeria's petroleum regulator has provisionally awarded tenders to develop 57 of its marginal oilfields, four sources familiar with the matter told Reuters, which could net the government $500 million in signature bonuses.Provisional award letters…

Israel, Cyprus Working to Settle Offshore Gas Field Dispute

Mar 10, 2021

Israel and Cyprus have reached an understanding over gas reserves straddling their maritime border, the Cypriot energy minister said on Tuesday, in a key step towards resolving a nine-year impasse over offshore spoils.Development of the Aphrodite…

Biden to Review Future of Federal Oil Leasing Program

Mar 09, 2021

The U.S. Interior Department announced Tuesday it will launch its review of the federal oil and gas leasing program on March 25, a key step that will determine whether the Biden administration will permanently halt new leases on federal land and water…

US Vineyard Wind Project Clears Key Hurdle

Mar 08, 2021

The Interior Department completed its final environmental review of what would the first commercial scale U.S. offshore wind farm, it announced on Monday, clearing a key hurdle needed to permit the project off Massachusetts.The U.S. Bureau of…

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