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Rules & Regulation

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Authorities & GovernmentBusiness & FinanceBusiness Developments & ProjectsEnvironmentExploration & ProductionProject & TendersRegulation & PolicyEquipmentOperations & MaintenanceSafetyCollaborationMarket OutlooksOutlook & StrategyTransitionGreen MarineVesselsIT & SoftwareTechnology
Wheels in motion to tie-back field carrying name of god from Norse mythology to Norwegian Sea FPSO
Rules & Regulation

Field bearing name of god from Norse mythology to be tied back to existing FPSO

Equinor has submitted a plan for the development and operation (PDO) of a Norwegian Sea field to Norway’s Ministry of Petroleum and Energy.

about 3 years ago
West Elara jack-up rig; Source: Seadrill
Rules & Regulation

Seadrill tasked with addressing nonconformities on jack-up rig

Norwegian offshore safety regulator has carried out an audit of maintenance management on one of Seadrill’s jack-up rigs.

about 3 years ago
North Sea field secures life extension
Rules & Regulation

North Sea field secures life extension

Sval Energi has received consent from Norway’s regulator to use the facilities on a North Sea field off Norway beyond their original lifespan.

about 3 years ago
Will the UK’s huge new oil & gas project overcome the hurdles in its path?
Rules & Regulation

Will the UK’s huge new oil & gas project overcome the hurdles in its path?

Rosebank, located West of Shetland, is now facing additional obstacles that may hinder its progress and delay the sanctioning yet again.

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

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

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
How will UK's energy windfall tax hike impact oil & gas players?
Rules & Regulation

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’
Rules & Regulation

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
Rules & Regulation

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
Rules & Regulation

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
Rules & Regulation

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

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’
Rules & Regulation

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
EU ETS
Rules & Regulation

Tentative deal on including shipping’s GHG emissions in EU ETS covers methane and N20

A preliminary agreement has been reached between the EU’s top three institutions to include greenhouse gas emissions from the maritime sector in the EU Emissions Trading System (ETS). The tentative deal was struck on Tuesday evening, and it leads to several milestones such as the inclusion of methan

about 3 years ago
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