Offshore Engineer Regulations News

 

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…

Decommissioning in Brazil: The New Frontier

Jan 16, 2019

With the oil and gas market heating up in Brazil, many foreign service providers are looking to set up shop in Brazil with an eye on new opportunities.Although the South American country's main attraction will continue to be exploration and production (E&P) in post-salt and pre-salt acreage…

Access to Pipelines Curbing Norway Forecast

Jan 15, 2019

The latest communique out of Norway to indicate the return of “good times” offshore also warns that post-2014 short-termism may have contributed to conditions requiring, ironically, more haste to keep production from plummeting by 2025.Noting 2018’s higher exploration well count (53 vs…

Norway Supreme Court Hears Snow Crab Case with Implication for Oil

Jan 15, 2019

Norway's Supreme Court began hearing arguments on Tuesday on whether EU ships can fish for snow crab off Arctic islands north of Norway without permission from Oslo, a case that could decide who has the right to explore for oil in the region…

Norway Awards Record Number of Exploration Blocks

Jan 15, 2019

Norway awarded a record 83 blocks to explore for petroleum resources in mature areas of the Norwegian continental shelf, in a sign of continuing interest from oil companies in the country's oil sector, the energy ministry said on Tuesday.A lack…

Orsted Loses Political Support for Divestment

Jan 14, 2019

Shares in Orsted fell on Monday after the energy company, which is 50.1 percent owned be the Danish state, on Sunday announced that there was no longer political support for the divestment of its power business.The world's largest offshore wind…

Equinor to Build CO2 Storage Under the Seabed

Jan 11, 2019

Equinor has won a license to develop carbon dioxide (CO2) storage under the North Sea, Norway's oil ministry said on Friday, part of a push to combat climate change.Equinor is expected to submit a development plan this year, with parliament making a final decision in 2020 or 2021…

Investing in Norway Doesn’t Have to Be Taxing

Jan 10, 2019

As upstream companies active within the Norwegian Continental Shelf prepare to submit their tax returns to Norway’s Petroleum Tax Office, Mariann Mitchell, senior tax manager at KPMG, Aberdeen, looks at some of the key challenges and opportunities…

Current News

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North Sea Oil Production May Go Down

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DEME to Install Hornsea Two Turbines

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Argentina Grants Offshore Exploration Permits

Gazprom Finds New Yamal Offshore Fields

Gazprom Finds New Yamal Offshore Fields

New Offshore Wind Foundation Tested

New Offshore Wind Foundation Tested

14-year GoM Oil Spill Contained

14-year GoM Oil Spill Contained

Investors Push BP to Fight Climate Change

Investors Push BP to Fight Climate Change

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