Regulation News


Australia’s Oil and Gas Industry Calls for Competitive Tax Regime

Nov 04, 2018

Changes to the petroleum resource rent tax (PRRT) announced today by the Commonwealth must be assessed carefully by Australia’s oil and gas industry, said the Australian Petroleum Production & Exploration Association (APPEA).“Attracting investment…

DOI Okays Offshore Oil And Gas Drilling in Alaska

Oct 25, 2018

U.S. Secretary of the Department of the Interior (DOI) Ryan Zinke announced a long-awaited development for oil and gas energy production offshore the state of Alaska.Interior’s Bureau of Ocean Energy Management (BOEM) issued conditional approval…

Faroe Petroleum Gets Go-Ahead to Drill Brasse East

Oct 16, 2018

Norway’s Petroleum Safety Authority (PSA) has given consent to Oil and gas company Faroe Petroleum  to drill the Brasse East well off the coast of Norway, using the Transocean Arctic rig.'Faroe Petroleum is the operator for production licence 740 in the North Sea…

PSA Consent for Aker BP to Use Maersk Reacher

Oct 16, 2018

Norway's Petroleum Safety Authority (PSA) has authorized Norwegian E&P player Aker BP to use the Maersk Reacher mobile facility as a quarters facility on the Valhall field.A public statement from PSA said: 'A lot of work will be taking place on the Valhall field in the time ahead…

Novatek Finds Resource Base in North-Obskiy

Oct 10, 2018

Novatek said its Arctic LNG 3 unit confirmed the discovery of a new natural gas and gas condensate field at the North-Obskiy license area located in the shallow waters of the Ob Bay.The Yamal LNG operator said in a press statement that  its…

OGA powers now in place

Oct 03, 2016

The UK's new regulator, the Oil and Gas Authority (OGA), has now been established as an independent government company by the UK government. The move formalizes the transfer of the Secretary of State’s regulatory powers in respect of oil and gas to the OGA…

CSA, EEH announce Qatar joint venture

Jun 08, 2015

Doha-based Energy & Environment Holding (EEH) and CSA Ocean Sciences Inc. (CSA), announced the formation of their new joint venture CSA Ocean Sciences (Doha) LLC. The board of directors for the joint venture is chaired by HE Sheikh Jabor bin Yusef bin Jassim al-Thani…

Bahamas to assess petroleum act

Dec 18, 2014

Oil exploration in the Bahamas has taken a step forward after a new Petroleum Act and regulations to guide and govern oil exploration in was placed before the Parliament of The Bahamas. The draft legislation is now likely to go through…

Uncertainty hampers North Sea activity

Oct 10, 2014

Uncertainty, high costs and low exploration rates are continuing to hamper the North Sea, according to a report published today (10 October).  Business advisory firm Deloitte’s Petroleum Services Group’s report says that exploration rates remain low…

Exxon chief: US in ‘a new era of energy abundance’

Oct 03, 2014

ExxonMobil chief executive officer Rex Tillerson spoke at the first-ever Greater Houston Partnership’s “State of Energy” event, giving his perspectives on the intrinsic ties between the energy industry and the city of Houston and highlighting North America’s…

US Government holds EITI public meeting

Sep 19, 2013

A federal advisory committee tasked with improving extractive industry reporting transparency, will host a public meeting from 4-7 p.m. Tuesday, Sept. 24, at the Fire Fighters Conference Center, The Greer & Lowdermilk Conference Center, 4225 Interwood North Pkwy…

Working with efficiency

Apr 14, 2013

With increased focus on the negative impact of subsea noise on the marine environment, regulators are considering action. Until then, different stakeholders are working together to develop a range of technical solutions to manage the issue…

Mozambique Channel Discovery holds sole Comoros license

Dec 10, 2012

In October 2012, the government of the Comoros Islands issued a statement that only one company, Mozambique Channel Discovery Ltd. (MCD), a subsidiary of Luxembourg-based Boulle Mining Group, has oil and gas exploration and production rights throughout the territorial waters of the Comoros…

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