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Regulation & Policy

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Illustration/Sabella's D10 tidal energy turbine (Courtesy of Sabella)
Regulation & Policy

Sabella’s tidal power production curve gets Bureau Veritas seal

French tidal energy developer Sabella has verified the power production curve of its D10 turbine through a certification issued by the classification group Bureau Veritas.

about 3 years ago
With previous ruling thrown out, Barossa drilling plans remain on track
Regulation & Policy

With previous ruling thrown out, Barossa drilling again on the horizon

The Full Federal Court of Australia has dismissed the appeal from a decision brought in September that set aside NOPSEMA’s approval of the environment plan (EP) covering drilling activities for Santos’ Barossa gas field located offshore Australia. In an attempt to block Santos from developing Baross

about 3 years ago
Sovcomflot’s Gagarin Prospect
Regulation & Policy

All eyes on Russia’s fleet as crude oil price cap, OPEC+ cut perpetuate tanker markets’ volatility

Uncertainty and volatility continue to cast a shadow over the oil and tanker market as December 5 deadline for the oil price cap for Russian oil expires. Today, all eyes are set on Russia to see what vessels will be loaded and where they would head as Moscow defines its steps in response to the [&he

about 3 years ago
Price cap on Russian crude oil comes into force while OPEC+ sticks to output cuts
Regulation & Policy

Price cap on Russian crude oil comes into force while OPEC+ sticks to output cuts

A price cap for seaborne Russian crude oil is being imposed by the G7 and Australia while OPEC+ has decided to keep the status quo.

about 3 years ago
Repurposed North Sea rig closes its door to go back to its decommissioning cycle
Regulation & Policy

Repurposed North Sea rig closes its doors to go back to its decommissioning cycle

SEE MONSTER, a decommissioned North Sea platform’s new lease on life has now come to an end and it is expected to be recycled in the UK.

about 3 years ago
How will UK's energy windfall tax hike impact oil & gas players?
Regulation & Policy

How will UK’s energy windfall tax hike impact oil & gas players?

Moody’s has highlighted that the rise in the energy windfall tax will crimp the North Sea producers’ free cash flow generation.

about 3 years ago
Environmentalists call on Biden to stick to ‘no new drilling’
Regulation & Policy

Environmentalists call on Biden to stick to ‘no new drilling’

Earthjustice has urged Biden to put a stop to new drilling and ongoing fossil fuel extraction on U.S. federal lands and offshore territories.

about 3 years ago
Africa turning into hotspot for oil & gas exploration as investments reach whopping $5.1 bln in 2022
Regulation & Policy

Africa turning into hotspot for oil & gas exploration as investments reach $5.1 bln in 2022

Total capital expenditures (capex) for oil and gas exploration in Africa rose from $3.4 billion in 2020 to $5.1 billion in 2022.

about 3 years ago
Front Prince
Regulation & Policy

Frontline: 65pct of our fleet will be scrubber fitted

Norwegian tanker shipping heavyweight Frontline is poised to have exhaust gas cleaning systems installed on over half of its fleet of over 70 ships. The company’s owned fleet included 37 scrubber-fitted vessels at the end of the third quarter of 2022, including 15 VLCCs, 19 Suezmax tankers and three

about 3 years ago
Chinese partner pays nearly $2 bln to Petrobras to raise its stake in Brazilian field
Regulation & Policy

Chinese partner pays nearly $2 bln to Petrobras to raise its stake in Brazilian field

Petrobras has received almost $2 billion from CNOOC, which the Chinese firm paid to acquire an additional interest in the Búzios field.

about 3 years ago
‘Our most energy-diverse event so far’ – Offshore Energy Exhibition & Conference 2022
Regulation & Policy

‘Our most energy-diverse event so far’ – Offshore Energy Exhibition & Conference 2022

After two days of doing business, networking, celebrating innovation, and making new connections and collaborations, the 15th edition of Offshore Energy Exhibition & Conference (OEEC) can look back at a successful and inspiring event. The event brought together over 400 exhibitors and more than 6,50

about 3 years ago
Are U.S. offshore oil & gas assets in danger of cyberattacks?
Regulation & Policy

Are U.S. offshore oil & gas assets in danger of cyberattacks?

GAO believes that further actions are needed to address the growing cybersecurity risks that over 1,600 offshore facilities are facing.

about 3 years ago
Regular puts the breaks on Noble rig’s drilling gig off Australia to prevent ‘major accident with serious injury’
Regulation & Policy

Regulator puts the breaks on Noble rig’s drilling gig off Australia to prevent ‘major accident with serious injury’

NOPSEMA has put a stop to Santos’ drilling ops on a gas field off Australia by issuing a prohibition notice for the Noble-owned jack-up rig.

about 3 years ago
Aker BP gearing up to drill North Sea well
Regulation & Policy

Aker BP gearing up to drill North Sea well

Aker BP has received consent from Norway’s regulator for exploration drilling in the North Sea, using one of Saipem’s semi-submersible rigs.

about 3 years ago
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