Regulation News

 

US Offshore Wind Projects Seek Looser Subsidy Rules in Fight for Survival

Sep 06, 2023

A fleet of U.S. offshore wind projects central to President Joe Biden's climate change agenda may not move forward unless his administration eases requirements for subsidies in the year-old Inflation Reduction Act, according to project developers.Norway's Equinor, France's Engie, Portugal's EDP Renewables, and trade groups representing other developers pursuing U.S. offshore wind projects told Reuters they are pressing officials to rewrite the requirements…

LR Greenlights Canadian Ship Recycling Facility’s Standards Compliance

Jan 04, 2024

Lloyd’s Register (LR) has certified Nova Scotia recycling facility, R.J. MacIsaac (RJMI), according to the requirements of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships.RJMI has become first…

Orsted CEO Says Abandoning US Wind Projects a 'real option'

Sep 06, 2023

Denmark's Orsted, the world's largest offshore wind farm developer, is prepared to walk away from projects in the U.S. unless the Biden administration guarantees more support, Bloomberg News reported on Tuesday, citing the company's CEO. 'We are still upholding a real option to walk away…

Brazil Aims to Pass Offshore Wind, Green Hydrogen Laws by 2023 End

Jun 28, 2023

Brazil aims to pass a regulatory framework for offshore wind and green hydrogen by the end of this year, the country's energy minister told Reuters on Tuesday, as Latin America's largest nation seeks to unlock new sectors to power its energy transition…

Banks Urged to Withdraw $1B Loan for Santos' Barossa Offshore Gas Project

Apr 04, 2023

A group of Australian Indigenous people has lodged human rights grievances with 12 Australian and international banks urging them to withdraw a $1 billion loan to Santos Ltd for its Barossa offshore gas project. Environmental and Indigenous groups have been campaigning for years against the $3…

Chevron, Exxon Among Top Spenders at Biden Offshore Auction

Nov 18, 2021

U.S. oil majors Exxon Mobil Corp and Chevron Corp were among the top buyers at a federal auction of oil leases in the U.S. Gulf of Mexico on Wednesday that generated more than $190 million - the highest since 2019.The auction was a boon for federal coffers…

Vestigo Petroleum Wins Rights to Develop Two Small Oil Fields Off Malaysia

Apr 21, 2021

Malaysia's Petronas has awarded the Production Sharing Contract (PSC) for the South East Collins Cluster under the newly introduced Small Field Asset (SFA) PSC terms, to Vestigo Petroleum.The South East Collins Cluster, located in water depths of 42 to 45 meters 70km northeast of Labuan Island…

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…

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…

Current News

TotalEnergies, EnBW Win in $3.2 Billion Offshore Wind Site Auction

TotalEnergies, EnBW Win in $3.

Floating Wind Startup Aikido Technologies Raises $4 Million

Floating Wind Startup Aikido T

Installation of Hollandse Kust (west Beta) Export Cables in Full Swing

Installation of Hollandse Kust

Norwegian Company Secures GW-Scale Offshore Wind Site in Estonia

Norwegian Company Secures GW-S

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