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Rules & Regulation

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renewable
Rules & Regulation

World’s first global shipping carbon price talks back at UN’s bargaining table

As negotiations on a landmark climate agreement introducing the world’s first global carbon price on any polluter are set to catch a second breeze, the resumption of talks at the UN is seen as a big test whether countries can unite against the U.S. and other largely oil-producing states to defend th

about 3 months ago
Illustration; Credit: Morten Berentsen/NOD
Rules & Regulation

Norway eyes enhanced oil & gas recovery projects to boost production

Given its aim to increase oil and gas output on the Norwegian Continental Shelf (NCS), the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has spotlighted the use of advanced methods as a solution to curb production decline.

about 3 months ago
FPSO Goliat; Credit: Øyvind Gravås/Vår Energi
Rules & Regulation

Vår Energi unveils $360 million investment in Barents Sea field

Norwegian oil and gas player Vår Energi has handed out a revised plan for development and operation (PDO) of a project in the Barents Sea to Norway’s Ministry of Petroleum and Energy to enable higher production for longer from an offshore field.

about 3 months ago
FPSO Energean Power; Source: Energean
Rules & Regulation

FPSO returns to operation mode in Eastern Mediterranean

London-based oil and gas player Energean has restarted production from a floating production, storage, and offloading (FPSO) vessel deployed at a field off the coast of Israel.

about 3 months ago
Artist's depiction of Geelong gas terminal
Rules & Regulation

Australia backs proposed LNG terminal to stave off Victoria’s gas supply crunch

Australian energy infrastructure player Viva Energy has received federal environmental approval for its proposed liquefied natural gas (LNG) terminal project in Geelong, Australia.

about 3 months ago
EnQuest
Rules & Regulation

Multimillion-dollar fine for EnQuest over 33 idle wells as UK cracks down on decom inactivity

Great Britain’s regulator, North Sea Transition Authority (NSTA), has hit London Stock Exchange-listed energy player EnQuest with a penalty over decommissioning failures related to 33 inactive wells.

about 3 months ago
FPSO Energean Power; Source: Energean
Rules & Regulation

Wheels up for FPSO to come back online in Eastern Mediterranean waters

London-based oil and gas player Energean has received the go-ahead to resume production from a floating production, storage, and offloading (FPSO) vessel, which is working at a field off the coast of Israel.

about 3 months ago
LNG tanker (for illustration purposes); Source: U.S. Department of Energy
Rules & Regulation

Two-week ceasefire deal putting Strait of Hormuz back in business

The U.S. President Donald J. Trump has made a deal with Iran to suspend further attacks for two weeks on the Middle Eastern country in exchange for the reopening of the Strait of Hormuz, which handles 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows.

about 3 months ago
Illustration; Source: BOEM
Rules & Regulation

Trump’s EPA rolls back Biden‑era oil & gas rules, slashes $2.5 billion in costs

The Trump administration’s U.S. Environmental Protection Agency (EPA) has estimated that it will enable $2.5 billion in compliance savings over 15 years by cutting the red tape and revising the Biden-Harris administration’s oil and natural gas regulations to curb gasoline and energy costs.

about 3 months ago
BW MaBoMo; Source: BW Energy
Rules & Regulation

25‑year licence extension opens doors to output and investment boost at BW Energy’s asset

Oslo-listed oil and gas E&P player BW Energy has secured a multi-year licence extension for its core producing asset off the coast of Gabon, Africa.

about 3 months ago
Oil spill east of Gotland; Courtesy of Swedish Coast Guard
Rules & Regulation

Vessel detained under suspicion over Baltic Sea oil spill is on EU sanctions list

The Swedish Coast Guard has decided to launch a probe into a ship suspected of causing an oil spill in the Baltic Sea, east of Gotland, ordering the vessel to anchor in Swedish territorial waters.

about 3 months ago
Illustration; Source: BOEM
Rules & Regulation

US portrays offshore leasing and planning as ‘critical’ to historic oil output highs

The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has spotlighted the role offshore leasing and planning play in driving record oil production on the U.S. Outer Continental Shelf (OCS).

about 3 months ago
DNV’s new recommended practice focuses on hydrogen-specific risks in offshore pipelines
Rules & Regulation

DNV’s new recommended practice focuses on hydrogen-specific risks in offshore pipelines

Accredited registrar and classification society DNV has issued a recommended practice for offshore hydrogen pipelines, supporting safe design, operation and requalification of pipeline infrastructure in hydrogen service. The DNV-RP-F123 Hydrogen pipeline systems recommended practice addresses hydrog

about 4 months ago
FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO
Rules & Regulation

PRIO gets its hands on operating license for Brazilian subsea tie-back project

Brazilian oil and gas company PRIO, formerly known as PetroRio, has picked up an operating license for a subsea tie-back project in the Campos basin off the coast of Brazil.

about 4 months ago
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