Regulatory News

 

Ofgem Rolls-out Sixth OFTO Round

Oct 09, 2018

UK's energy regulator, Office of Gas and Electricity Markets (Ofgem),  has opened the tender process for the first project in its sixth round of its offshore transmission owner (OFTO) regime.'Ofgem is opening a tender for owning the electricity transmission link to the 1…

Norway Approves Wintershall's $1.2 bln Nova Project

Oct 02, 2018

Wintershall Norge has received official green light from Norwegian ministry of Petroleum and Energy for its plan for NOK 9.9 billion ($1.2 bln) development and operation for the Nova field in the North Sea.A press rlease from the Germany cmpany…

BP Gets Nod to Develop Vorlich Field in North Sea

Oct 02, 2018

BP has received approval from the Oil and Gas Authority (OGA) to proceed with the Vorlich development in the central North Sea, which is expected to come onstream in 2020.New North Sea development is targeting 30 million barrels of oil equivalent and expected to produce 20…

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