Regulation News

 

PGNIG to Drill Well in Norway

Dec 23, 2018

Polish Oil and Gas Company (PGNiG) said that PGNiG Upstream Norway AS has acquired a detailed 2D seismic image, which will facilitate the selection of a drilling location in the Shrek prospect within the PL838 licence area.The Polish natural…

Eni Norge Granted Drilling Permit

Nov 22, 2018

The Norwegian Petroleum Directorate (NPD) has granted Eni Norge AS a drilling permit for well 7122/7-7 S, cf. Section 15 of the Resource Management Regulations.The well  will be drilled from the West Hercules drilling facility after concluding the drilling of wildcat well for Equinor Energy AS…

Lundin to Drill Barents Sea Well

Nov 22, 2018

Europe's independent oil and gas exploration and production company Lundin Norway will drill and test a new exploration well in the Barents Sea, following approval by the Norwegian Petroleum Safety Authority (PSA).'Lundin is the operator for production licence 767…

Corallian Energy on Course for Wick Exploration Well in December

Nov 13, 2018

UK-based Corallian Energy has revealed that the UK Government had looked favourably upon its plans for two offshore exploration wells.The Offshore Petroleum Regulator for Environment and Decommissioning, which sits within the Department for Business…

Eni CEO Claudio Descalzi Meets Angola's president

Nov 09, 2018

Eni president Claudio Descalzi has met Angola's president Joao Goncalves Lourenco in Luanda to discuss the Italian energy giant's operations in the country.During the meeting with President João Lourenço, Claudio Descalzi said that they discussed…

Ofgem Grants Offshore Wind Licence to Dudgeon OFTO

Nov 07, 2018

The government regulator for gas and electricity markets in Great Britain Office of Gas and Electricity Markets (Ofgem) has granted TC Dudgeon OFTO plc a licence for the link to the Dudgeon offshore wind farm.The licence allows Dudgeon to own and operate the GBP297…

Madagascar Opens Fresh Offshore Licensing Round

Nov 06, 2018

Island nation Madagascar puts 44 blocks  in the Morondava Basin up for grabs, detailing exploration and exploitation periods under production sharing contracts.In the framework of the development of Madagascar's oil and gas potential, the Malagasy…

Australia’s Oil and Gas Industry Calls for Competitive Tax Regime

Nov 04, 2018

Changes to the petroleum resource rent tax (PRRT) announced today by the Commonwealth must be assessed carefully by Australia’s oil and gas industry, said the Australian Petroleum Production & Exploration Association (APPEA).“Attracting investment…

DOI Okays Offshore Oil And Gas Drilling in Alaska

Oct 25, 2018

U.S. Secretary of the Department of the Interior (DOI) Ryan Zinke announced a long-awaited development for oil and gas energy production offshore the state of Alaska.Interior’s Bureau of Ocean Energy Management (BOEM) issued conditional approval…

Faroe Petroleum Gets Go-Ahead to Drill Brasse East

Oct 16, 2018

Norway’s Petroleum Safety Authority (PSA) has given consent to Oil and gas company Faroe Petroleum  to drill the Brasse East well off the coast of Norway, using the Transocean Arctic rig.'Faroe Petroleum is the operator for production licence 740 in the North Sea…

PSA Consent for Aker BP to Use Maersk Reacher

Oct 16, 2018

Norway's Petroleum Safety Authority (PSA) has authorized Norwegian E&P player Aker BP to use the Maersk Reacher mobile facility as a quarters facility on the Valhall field.A public statement from PSA said: 'A lot of work will be taking place on the Valhall field in the time ahead…

Novatek Finds Resource Base in North-Obskiy

Oct 10, 2018

Novatek said its Arctic LNG 3 unit confirmed the discovery of a new natural gas and gas condensate field at the North-Obskiy license area located in the shallow waters of the Ob Bay.The Yamal LNG operator said in a press statement that  its…

OGA powers now in place

Oct 03, 2016

The UK's new regulator, the Oil and Gas Authority (OGA), has now been established as an independent government company by the UK government. The move formalizes the transfer of the Secretary of State’s regulatory powers in respect of oil and gas to the OGA…

CSA, EEH announce Qatar joint venture

Jun 08, 2015

Doha-based Energy & Environment Holding (EEH) and CSA Ocean Sciences Inc. (CSA), announced the formation of their new joint venture CSA Ocean Sciences (Doha) LLC. The board of directors for the joint venture is chaired by HE Sheikh Jabor bin Yusef bin Jassim al-Thani…

Bahamas to assess petroleum act

Dec 18, 2014

Oil exploration in the Bahamas has taken a step forward after a new Petroleum Act and regulations to guide and govern oil exploration in was placed before the Parliament of The Bahamas. The draft legislation is now likely to go through…

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