Offshore Regulations - page 10


Trinidad to Reject BP and Shell's Offshore Exploration Bids, Sources Say

Dec 29, 2022

Trinidad and Tobago is preparing to reject four offshore exploration bids by BP Plc and Shell, according to people familiar with the matter, because they failed to meet the government’s minimum requirements. The island nation's government plans…

Exxon Sues EU in Move to Block New Windfall Tax on Oil Companies

Dec 28, 2022

U.S. oil major Exxon Mobil Corp is suing the European Union in a bid to force it to scrap the bloc's new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the levy.The windfall profits tax is 'counter-productive'…

Indonesia Awards Two Oil & Gas Exploration Blocks to Domestic Firms

Dec 28, 2022

Indonesia has awarded another two oil and gas exploration blocks to domestic firms as it seeks to boost production to meet growing energy demand, the energy ministry's director general of oil and gas said on Wednesday. The Paus working area in offshore East Natuna…

Ireland Grants MACs for Seven Proposed Offshore Wind Projects

Dec 27, 2022

Ireland's Minister for the Environment, Climate and Communications, Eamon Ryan TD, on Friday issued Maritime Area Consents (MACs) to the first phase of seven offshore wind projects.The government said the MACs granting represented a significant…

Lawsuit Launched to Stop Alaska Offshore Oil and Gas Auction

Dec 22, 2022

Environmental groups sued the Biden administration on Wednesday to block a sale of oil and gas drilling rights off the coast of Alaska that is scheduled for next week. The legal action, filed in federal court in Alaska, comes as the Interior…

Nigeria to Hold Bidding Round for 7 Offshore Oil Blocks in 2023

Dec 22, 2022

Nigeria plans to hold a mini-bid round for seven offshore blocks next year to spur new exploration, the petroleum regulator said on Wednesday, the first round after Africa's top oil exporter passed new fiscal regimes for its oil and gas sector…

Singapore's Keppel Offshore & Marine Resolves Corruption Case in Brazil

Dec 20, 2022

Singapore's Keppel Offshore & Marine (KOM) has reached a joint resolution with the authorities in Brazil, in relation to the corrupt payments made by a former agent of Keppel Offshore & Marine in Brazil, which was previously announced in December 2017…

Oil Firms Take Four Out of 11 Offshore Blocks on Offer in Brazil's Bidding Round

Dec 19, 2022

Four out of the eleven blocks on offer in the Santos and Campos Basins offshore Brazil, were acquired as part of Brazil's first cycle of the Open Acreage in the production-sharing model (OPP), held Friday by the country's oil and gas regulator…

UK Regulator Fines Three North Sea Oil Firms for Excessive Flaring, Production

Dec 19, 2022

The UK offshore energy regulator, the North Sea Transition Authority (NSTA), has fined oil companies EnQuest, Equinor, and Spirit Energy a total of £265,000 (currently around $323,533) for 'behavior that risks the industry’s drive to cut emissions and bolster the UK’s energy security…

Harbour Energy Reviews Spending, Snubs UK Offshore Bidding Round in Wake of Windfall Tax

Dec 16, 2022

Britain's recent increase in a windfall tax on the oil and gas sector has pushed Harbour, the UK North Sea's biggest oil and gas producer, to review its capital allocation plans and shun an ongoing licensing round in the basin.Britain's first…

Petrobras' Efforts to Drill in Brazil's Foz do Amazonas Block Stalled by License Issues

Dec 16, 2022

Brazilian state-run oil company Petroleo Brasileiro SA is struggling to get a license that it needs to drill the ultra-deep waters of the Foz do Rio Amazonas Basin this year as planned, a source close to the matter told Reuters on Thursday. Petrobras…

CIP Wins Rights to Build 500-600MW Offshore Wind Farm in Taiwan

Dec 14, 2022

Copenhagen Infrastructure Partners (CIP) said Wednesday it had been allocated 500–600 MW of capacity in the first round of Taiwan’s Round 3 Zonal Development offshore wind auction.'On December 14, 2022, it was announced that CI IV’s [a CIP subsidiary] Fengmiao offshore wind project…

Italy's Snam to Select Offshore Site for New FSRU in Early 2023

Dec 12, 2022

Itay's Snam will choose the offshore site for its new floating storage and regasification unit (FSRU) in the next 100 days, Italy's special commissioner for the project said on Friday, with its initial location already facing a legal challenge…

Guyana Launches Bidding Round for 14 Offshore Oil Blocks

Dec 12, 2022

Guyana on Friday formally opened a highly anticipated bidding round for 14 oil and gas blocks in its oil-rich offshore, hoping to award exploration contracts by the end of May.The country is home to one of the largest oil discoveries in the last decade…

Reuters: UK Rebuffs Calls from Oil & Gas Bosses to Amend Windfall Tax

Dec 09, 2022

The British government stood firm on its windfall tax on the oil and gas sector in a meeting with industry executives on Friday, two sources with knowledge of what was discussed said.Finance Minister Jeremy Hunt rebuffed requests from North…

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