Regulation News

 

Japan Opens Bidding for Goto Offshore Wind Farm

Jun 24, 2020

Japan's industry ministry on Wednesday launched a bidding process to select an operator for the 21 megawatt (MW) Goto offshore wind power project in Nagasaki, southern Japan, marking its first auction under a new law to promote the sector.The government last year brought in a law to enhance development of offshore wind farms, allowing operators to use designated sea zones for 30 years.It has identified…

SIMEC Atlantis Gets Hold of 12MW Tidal Power Project Lease in France

Jun 22, 2020

Tidal energy company SIMEC Atlantis Energy (Atlantis) has said that the Prefecture de la Manche in France has approved the transfer of the lease to develop a 12MW tidal power project in Raz Blanchard from ENGIE to Normandie Hydroliennes. Normandie…

Deepwater Acreage to Attract Investments

Mar 16, 2020

Deepwater acreage will continue to attract significant company interest through 2020, said a report.According to GlobalData, a significant portion of the acreage available in Q1 2020 is located in either deep or ultra-deep water, up from the previous quarter…

ESA Nod for Norway's Floating Wind Farm

Mar 11, 2020

The EFTA Surveillance Authority (ESA) has approved Norway’s state aid to the 88MW Hywind Tampen floating offshore wind project in the Norwegian North Sea.'Norway's initiative to reduce CO2 emissions by building a floating offshore wind farm consisting of 11 wind turbines…

NY Congressman Backs Arthur Kill OWP

Feb 20, 2020

Congressman Max Rose has called on Governor Andrew Cuomo to support the offshore wind development at Arthur Kill Terminal, Staten Island, New York.  'The offshore wind project at the Arthur Kill Terminal is an incredible opportunity to provide more reliable energy for New Yorkers…

Excelerate to Manage FSRUs In-house

Feb 19, 2020

Houston-based Excelerate Energy’s unit, Excelerate Technical Management (ETM) has been authorized to operate as ship manager for its parent company’s entire fleet of floating storage and regasification units (FSRUs).The Republic of the Marshall…

EU Clears OLT Takeover by SNAM and FSI

Feb 18, 2020

The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of…

UKCS Mediation Pilot Launched

Feb 10, 2020

UK oil and gas industry regulator Oil and Gas Authority (OGA) has revealed that it has launched a year-long UK Continental Shelf (UKCS) “mediation pilot”.According to the OGA, the pilot aims to test the extent to which mediation can resolve certain disputes between oil and gas licensees…

Coro Energy Awaits Approval on Duyung

Feb 10, 2020

Southeast Asian focused upstream company Coro Energy Plc said that Duyung PSC partners have agreed to a six-month extension for receipt of the necessary Indonesian approvals for the transfer of a 15 percent interest in the Duyung PSC offshore IndonesiaIn February 2019…

PGNiG Acquires Duva Field in Norway

Feb 02, 2020

PGNiG Upstream Norway, a subsidiary of Polish Oil and Gas Company (PGNiG), has obtained a final administrative consent to purchase additional 10% interests in the PL636 and PL636B licences in the North Sea.Following the transaction, PGNiG Upstream…

Ofgem to Probe Western Subsea Link

Jan 29, 2020

British energy market regulator Ofgem has launched an investigation into National Grid and Scottish Power’s delivery of a high-voltage direct current (HVDC) subsea cable which carries energy from Scottish windfarms to north Wales.The Western HVDC - known as Western Link -  is a £1…

Oil Firms' Social License to Operate 'Under Threat'

Jan 16, 2020

The oil and gas industry might lose the social license to operate, and if it doesn't act quickly on helping solve the climate change problem, there may be no second chance.Tim Eggar, the Chairman of the UK Oil and Gas Authority (OGA) addressed…

Norway: 28 firms Offered Acreage in Mature Offshore Areas

Jan 14, 2020

Norway has offered exploration acreage in mature offshore areas to 28 companies of 33 which had applied as part of the Awards in Predefined Areas (APA) 2019.The Norwegian Petroleum Directorate said Tuesday that 28 oil companies had been offered…

E. Guinea Signs MoUs For Oil and Gas Blocks

Jan 13, 2020

Equatorial Guinea’s minister for mines and hydrocarbons Gabriel Mbaga Obiang Lima has signed several MoU with bidders of the country’s 2019 Licensing Round.The government of Equatorial Guinea last year offered 27 free blocks for exploration…

No New Oil Auctions, Mexico's President Says

Jan 09, 2020

Mexico's President Andres Manuel Lopez Obrador said on Wednesday his government was not contemplating reopening oil and gas auctions this year, ending hopes his left-leaning government will soon spur private investment in the energy sector.'It's not contemplated…

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