Offshore Regulations - page 28

 

Environmental Concerns: Shareholder Asks Petrobras to Skip Offshore Oil Tender

Aug 27, 2021

Anapetro, an association of shareholders in Brazil’s Petrobras who are also employees, on Thursday publicly asked the state-run oil company to skip an upcoming auction of an oil area near coral reefs, due to environmental concerns.In a public letter to company management…

PSA Norway Issues Order to Dolphin Drilling after Regulatory Breaches Found on Rig

Aug 26, 2021

The Norwegian offshore oil and gas safety body Petroleum Safety Authority Norway has identified breaches of regulations aboard Dolphin Drilling's Borgland Dolphin drilling rig and has issued the rig owner with a notification of order.The PSA…

U.S. to Restart Oil Leasing with Offshore Auction This Year

Aug 25, 2021

The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Mexico auction as soon as October, court papers showed.The move comes two months after the U…

OMSA Reports Alleged Jones Act Violation in the US Gulf of Mexico

Aug 24, 2021

A new report from a U.S. offshore services trade group details alleged Jones Act violations by a foreign-flagged vessel in the U.S. Gulf of Mexico.The Offshore Marine Service Association (OMSA), which recently launched its Jones Act Enforcer program to document and report violations of the U…

U.S. Imposes Sanctions on Nord Stream 2. Measures Expected to Have No Effect on Project

Aug 23, 2021

The Biden administration on Friday slapped sanctions on a Russian ship and two companies involved in the Nord Stream 2 gas pipeline, but opponents of the nearly-completed project said the measures would not stop it.The sanctions were imposed on ship Ostap Sheremeta…

Efforts Underway to Resume Federal Oil and Gas Leasing, U.S. Offshore Regulator Says

Aug 19, 2021

A U.S. offshore regulator on Wednesday said efforts to resume a federal oil and gas leasing program are underway and would soon bear results following a court decision ending a suspension.The Biden administration this week challenged the court decision…

Guyana to Increase Oil Royalties and Revamp Contract Terms for Future Oil Projects

Aug 18, 2021

Guyana aims to increase its oil royalties and revamp other contract terms as part of a new profit-sharing agreement (PSA) for future crude and gas projects now in its draft stage, the South American nation's vice president said on Tuesday.The…

Biden Administration Appeals Court Decision to Block Oil, Gas Leasing Pause

Aug 17, 2021

The Biden administration on Monday challenged a federal judge's decision in June to block the Interior Department's pause on oil and gas leasing on public lands and waters - a critical piece of its climate change policy - but will proceed with leasing during the appeals process…

BOEM Completes Environmental Review of South Fork Wind Project

Aug 17, 2021

The U.S. Bureau of Ocean Energy Management (BOEM) has completed its environmental review of the proposed South Fork Wind project offshore New York and Rhode Island.South Fork Wind - proposed by Orsted and Evercore - would be New York’s first…

Oil Industry Groups Sue Biden Administration over Drilling Auctions Halt

Aug 17, 2021

Major U.S. oil industry groups on Monday sued the Biden administration for halting drilling auctions on federal lands and waters this year, arguing the government is required by law to hold regular sales.The American Petroleum Institute (API)…

Nigeria's President Buhari Signs Oil Overhaul Bill into Law

Aug 16, 2021

Nigerian President Muhammadu Buhari signed into law an oil overhaul bill that has been in the works for nearly two decades, a presidential spokesman said on Monday.The package overhauls nearly every aspect of the country's oil and gas production…

Scotland's First Minister Urges UK Gov't to 'Reassess' Existing Offshore Licenses Citing Climate Emergency

Aug 12, 2021

Scotland's First Minister Nicola Sturgeon has sent a letter to the UK Prime Minister Boris Johnson, asking for the UK Government to reassess offshore oil and gas licenses already issued but where field development has not yet started, 'in light…

US Senate Democrats Target Big Oil for Carbon Polluters Fund

Aug 04, 2021

A group of Democratic U.S. senators on Wednesday unveiled legislation establishing a $500 billion fund to be financed by Big Oil and other 'carbon polluters' that they hope to attach to broader climate control legislation expected later this year…

Costa Rica Looks to Ban Fossil Fuel Exploration and Extraction

Aug 04, 2021

Costa Rican lawmakers this week will discuss a bill to permanently ban fossil fuel exploration and extraction, a move that would prevent future governments from pivoting on the issue as the popular eco-tourism destination country aims to decarbonize by 2050…

Nigerian Offshore Oil Graft Case: Appeals Filed After Acquittal of Eni and Shell

Jul 29, 2021

Italian prosecutors and the Nigerian government have appealed the acquittal of Eni and Shell, as well as a series of past and present managers, in a Nigerian corruption case, according to a document seen by Reuters.In March, a Milan court acquitted…

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