Offshore Engineer Regulations News

 

Nigeria Plan for Local Firms Stands on Shaky Ground

Feb 14, 2019

Nigeria's Ministry of Petroleum Resources has recently reiterated its intention to push for an increase of the share to the national crude oil production from indigenous oil and gas companies to 30% in the short-term, but it is not definite…

BOEM Plans Gulf of Mexico Lease Sale in March

Feb 13, 2019

The U.S. Bureau of Ocean Energy Management (BOEM) said it will offer all available unleased areas in federal waters of the Gulf of Mexico during a region-wide lease sale scheduled for March 2019.BOEM said Lease Sale 252 will offer up 78 million acres…

Shell, Eni, Exxon Win Concessions in Egypt

Feb 12, 2019

Royal Dutch Shell, Eni, BP and Exxon Mobil were among winners of Egypt's international tender for oil and gas exploration on Tuesday, with 12 concessions awarded in total.It marks Exxon Mobil's entry into gas exploration in Egypt, while Shell…

EU Takes Aim at Offshore Pipelines

Feb 11, 2019

Nord Stream 2 — the Gazprom company building a pipeline from Russia to Germany — said Monday it was too early to tell what effects, if any, proposed new EU rules for offshore pipelines might have on their project or those of others aiming to bring gas to Europe…

Russia Ready to Discuss Cooperation with BP

Feb 07, 2019

President Vladimir Putin has proposed discussions on further cooperation with Russia to BP chief executive Robert Dudley, including on projects by Rosneft, Interfax quoted the Kremlin as saying on Thursday.BP holds a 19.75 stake in Rosneft, Russia's largest oil producer…

Black Sea Project Gets Build Permit

Feb 04, 2019

Romanian-based Black Sea Oil & Gas received a construction permit from the country's energy ministry on Friday for an offshore gas project, but it said new taxes could make it hard to go ahead with the development.The company, controlled by private equity firm Carlyle Group LP…

Tanzania Offshore Puts Off Potential Suitors

Jan 31, 2019

Tanzania could be preparing for yet another licensing round of its offshore oil and gas blocks in the second quarter of 2019, more than four years after the last auction did not yield the anticipated results on the back of the country's complex regulatory regime…

Asia Pacific: 2019 Will Be ‘Relatively Low-key’

Jan 30, 2019

The Asia-Pacific offshore oil and gas industry has begun to emerge from the recent global downturn, but remains among the regions where the road to recovery has been particularly slow.“Australia has seen positive news on new liquefied natural…

Lundin Granted North Sea Drilling Permit

Jan 30, 2019

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for a wildcat well in the North Sea.The NPD said on Tuesday that the wildcat well, designated 16/1-31 S, would be drilled from the Leiv Eiriksson drilling…

Mexico Working to Strengthen Pemex Finances

Jan 29, 2019

Mexico's finance ministry said on Monday that it will implement measures to strengthen the finances and boost the production of state oil firm Pemex, specifically by increasing the limit on deductions for costs related to extraction and exploration…

Equinor Cleared to Extend Åsgard A Production

Jan 28, 2019

Equinor’s application to prolong the technical lifetime for the Åsgard A facility in the Norwegian Sea has been approved by the Norwegian Petroleum Directorate, extending production up to 12 years longer than was originally planned.The Åsgard A floating production…

Icebergs a 'Significant Hazard' to Production Facilities -Study

Jan 28, 2019

Icebergs on a collision course with petroleum facilities represent a serious hazard, according to a new study commissioned by the Petroleum Safety Authority Norway.The study performed by ArcIso assessed the consequences of potential collisions…

UK Decommissioning Tax Relief Estimate in Question

Jan 25, 2019

Britain's public spending watchdog on Friday questioned a government estimate of 24 billion pounds ($31 billion) as the cost of tax relief to decommission oil and gas infrastructure.As one of the oldest and most mature oil basins, Britain's…

Changing the Rules of the Game in Africa

Jan 24, 2019

Africa's offshore oil and gas potential remains largely unexploited, and 2019 may turn out to be a good indicator on whether countries with shallow-, deep- and ultra-deepwater hydrocarbon resources can make headway in attracting exploration and production investments…

Norway Green Lights Lundin Exploration Drilling

Jan 23, 2019

Lundin has received consent from the Norwegian Petroleum Safety Authority to drill two exploration wells east of the Edvard Grieg field in the central North Sea.PSA announced Wednesday it has given Lundin consent for exploration drilling and…

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