Offshore Regulations

 

Equinor Could Reevaluate UK Oil Investments Amid Potential Tax Hikes

Aug 28, 2024

Norway's Equinor may reconsider investing in oil and gas in Britain if the Labour government changes the industry's tax regime, a top company executive told Reuters.Equinor's head of international operations said it may not be as attractive to invest in the British oil and gas sector if taxation of oil companies changes, as is expected.'We need to look at our appetite to invest further in the UK based on the fiscal regime…

ABS Unveils Rules for Floating Nuclear Power Plants

Oct 14, 2024

The industry’s first comprehensive rules for floating nuclear power plants have been unveiled by American Bureau of Shipping (ABS) at a forum for nuclear industry leaders held jointly with Idaho National Laboratory (INL).Held at ABS’ world headquarters in Texas…

Chevron CEO Hits Biden's Natural Gas Policies, Says Fuel is Crucial for AI

Sep 17, 2024

Chevron CEO Michael Wirth on Tuesday criticized U.S. President Joe Biden's administration for what he described as 'attacks on the natural gas” industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI)…

Mexico's New Government Plots Reform to Boost Oil Reserves Amid Soaring Debt

Aug 08, 2024

Mexico's incoming government will encourage state oil producer Pemex to seek equity partnerships with private oil companies, a model out of favor with the current president, in a bid to boost reserves amid towering debt, according to four sources familiar with the matter…

US Senators Introduce Bill to Speed Approvals of Energy Projects

Jul 22, 2024

The top two lawmakers on the Senate energy committee on Monday introduced long-awaited legislation to speed permitting of power transmission, mining and liquefied natural gas export projects.Senators Joe Manchin, an independent who caucuses with Democrats…

States Sue US to Block Controversial Offshore Decommissioning Rule

Jun 17, 2024

Texas, Louisiana and Mississippi on Monday sued the U.S. government to block the Biden administration's proposed rule that would require the offshore oil and gas industry to provide nearly $7 billion in financial assurances to cover costs of dismantling old infrastructure…

Petrobras Required to Assess Indigenous Impact of Amazon Offshore Drilling

May 09, 2024

Brazil's state-run oil firm Petrobras must do a series of studies on the impact on Indigenous groups in the Amazon area of planned offshore drilling nearby in order to analyze the project's viability, according to a federal agency and documents from government agencies…

DNV to Publish New Offshore Rules and Standards in July

May 07, 2024

Classification society DNV said it is set to publish its new set of rules and standards for the offshore industry.The new rules, which cover several segments, including underwater systems and installations, offshore units, diving systems, structural design…

Spain Starts Consultation on New Offshore Wind Rules

Feb 26, 2024

Spain has opened a public consultation on a new set of rules for offshore wind energy production, laying the groundwork for auctions of sea-based concessions, the Energy Ministry said on Monday.The sector had been urging the government to publish…

Canada Secures Surrender of All Offshore Pacific Coast Oil and Gas Permits

Feb 21, 2024

Canada has secured the surrender of the last remaining permits for oil and gas development off its Pacific Coast, the federal natural resources minister said on Wednesday, after Chevron Canada voluntarily relinquished 23 permits this month.Energy…

US Proposes Fee on Methane from Big Oil and Gas Producers

Jan 12, 2024

The U.S. on Friday proposed a fee on emissions of methane from big oil and gas producers as required under the 2022 climate law and as a backstop to wider regulations on the greenhouse gas from energy operations.The fee, proposed by the Environmental Protection Agency…

Norway Parliament Votes in favor of Seabed Mining

Jan 09, 2024

Norway's parliament on Tuesday voted in favor of allowing Arctic seabed mineral exploration, in line with a deal reached between the government and key opposition parties last month, overcoming objections from environmental campaigners.The decision…

COP28 Draft Text Sets New Options on Fossil Fuel Phase Out

Dec 08, 2023

The U.N. climate agency published a new draft of its COP28 agreement on Friday which included a range of options for the future of fossil fuel use, the most contentious issue at the summit.Over the next few days countries are expected to focus…

FTC Seeks Additional Data on Chevron-Hess Deal

Dec 08, 2023

The U.S. Federal Trade Commission has sent a second request to Chevron and Hess, seeking additional information and documentary materials related to their pending merger, the companies said on Friday.(Reuters Reporting by Sourasis Bose)

Canada Unveils Cap and Trade System for Oil and Gas Emissions

Dec 07, 2023

Canada on Thursday unveiled a plan to limit emissions from the oil and gas sector using a cap and trade system starting in 2026, a step toward fulfilling a government pledge to cut emissions in the country's most polluting sector.Under the proposal…

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