Search results for: moratorium

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  • 13 July 2010

    The National Ocean Industries Association (NOIA) believes the drilling suspensions announced today by the Department of the Interior do very little to lessen the confusion and uncertainty surrounding offshore energy exploration in the Gulf of Mexico. Now termed ‘suspensions’ by the Department, the moratorium does not prohibit drilling specifically by water depth, as did its […]

  • 30 November 2016
    Business & Finance

    The government of Canada will introduce legislation by spring 2017 to formalize a moratorium for crude oil tankers on British Columbia’s (BC) north coast. The moratorium will cover the Great Bear Rainforest/Great Bear Sea area, covering an area from the Alaska/BC border down to the point on BC’s mainland adjacent to the northern tip of […]

  • 19 December 2013

    The Namibian Minister of Fisheries and Marine Resources, the Hon. Bernhard Esau, made the following announcements relating to the Moratorium on Deep-sea Phosphate Mining in an interview with NAMPA (Namibia Press Agency) earlier this week: In September 2013 his Ministry had made a submission to Cabinet to place an 18-month moratorium on deep-sea phosphate mining […]

  • 13 July 2016

    London-listed Trinity Exploration and Production, an independent E&P with offshore and onshore assets in Trinidad and Tobago, might be forced to pay its $13 million debt, as its lenders would not provide further extensions to the payment deadline. Namely, following numerous extensions to the moratorium on principal payments to Citibank, while at the same time working […]

  • 16 June 2010

    Canadian petroleum companies engaged in offshore oil and gas production said Monday that they expect only a slight effect on their operations due to international moratoriums on deepwater drilling. Nexen President and Chief Executive Marvin Romanow, whose Calgary-based company has delayed an exploration well and an appraisal well in the Gulf of Mexico because of […]

  • 2 October 2012

    Last week, President Benigno S. Aquino was urged by the various groups to impose a 10-year moratorium on all reclamation projects slated to be done by the Philippine Reclamation Authority (PRA). They noted that the total coverage of the national reclamation plan slated for the next three years is 38, 272 hectares, mostly in the […]

  • 14 April 2014
    Business & Finance, Equipment, Technology

    Namibia’s Minister of Fisheries and Marine Resources Bernard Esau said last week that his ministry has not changed its position regarding the moratorium on marine mining activities in the country. In September last year, Cabinet decided to place a moratorium on marine phosphate mining to enable the line ministry to conduct a strategic environmental assessment. […]

  • 15 May 2017

    The Government of Canada has introduced the proposed Oil Tanker Moratorium Act in Parliament that seeks to formalize an oil tanker moratorium on British Columbia’s north coast. The proposed legislation aims to prohibit oil tankers carrying more than 12,500 metric tonnes of crude and persistent oils as cargo from stopping, loading or unloading at ports or marine […]

  • 21 July 2010

    Louisiana State University Endowed Chair of Banking and nationally-renowned economist Dr. Joseph R. Mason estimates that the first six months of the Obama administration’s moratorium on oil and natural gas exploration in the Gulf of Mexico will trigger a loss of more than 8,000 jobs, nearly $500 million in wages, and over $2.1 billion in […]

  • 18 February 2011

      The Offshore Marine Service Association today praised a federal judge’s ruling ordering the U.S. Interior Department to take action on permit applications for drilling in the Gulf of Mexico. The ruling came just two weeks after the same judge held the Interior Department in contempt of court for holding up deepwater drilling permits in […]

  • 23 December 2016
    Authorities & Government, Environment, Research & Development

    The government of Canada’s province of Ontario has extended the moratorium on offshore wind projects imposed in 2011, according to local media. The province’s environment ministry said that after recently receiving results of two studies, one on the decommissioning requirements and the other on the above-water noise produced by offshore wind farms, it was decided that […]

  • 22 December 2015
    Project & Tenders

    Otto Energy has asked for a two-year moratorium over its Service Contract 55 (SC 55), offshore Palawan Basin in the Philippines. SC 55 is a deep-water block located in the southwest Palawan Basin, covering an area of 9,880km2. According to Red Emperor Resources, an ASX and AIM listed exploration company and Otto’s partner in the project, Otto requested a […]

  • 17 August 2016

    Subsidiaries of Trinity Exploration and Production, a debt-laden oil and gas company operating in Trinidad and Tobago, have filed for bankruptcy protection. The subsidiaries in question are Trinity Exploration and Production (Trinidad and Tobago) Limited, Galeota Oilfield Services Limited, Trinity Exploration and Production (Galeota) Limited, Tabaquite Exploration & Production Company Limited, Trinity Exploration and Production (GOP) Limited, […]

  • 9 July 2015
    Business & Finance

    The Navy has eased its moratoriums on recovery of submerged macro artifacts and aircraft, officials with the Naval History and Heritage Command (NHHC) announced on July 08. While the moratoriums are lifted, existing state and federal requirements, including the prohibitions contained in the Sunken Military Craft Act and associated permitting regimes remain in place. “I […]

  • 3 October 2016
    Exploration & Production

    Offshore drilling contractor Seadrill Partners has received a notice of Force Majeure from Tullow for the West Leo rig contract. According to the driller, Tullow sent the notice effective October 3, 2016, claiming the field the rig has been hired for, is subject to a drilling moratorium by the government of Ghana. The West Leo […]

  • 15 August 2012
    Authorities & Government

    In February, 2011, the Ontario Government imposed a moratorium on four Trillium Wind Power’s proposed offshore wind power projects. While speaking at a court hearing on Tuesday, the company’s lawyer Morris Cooper said that the Government’s move involves political science, not the environmental one. A 420 MW project on Lake Ontario almost acquired $26 million […]

  • 13 September 2012

    Kabwe Zuberi Zitto, a Shadow Minister of Finance and a Member of Parliament in Tanzania, has called for a moratorium on issuance of new offshore exploration rights in the gas rich East Africa’s country. The Ministry of Energy & Minerals in Tanzania has delayed the start of the 4th Tanzania Offshore Licensing Round 2012 originally […]

  • 5 September 2017

    Western Australia, home to several giant liquefied natural gas (LNG) projects, has announced a moratorium on hydraulic fracturing as it examines the potential risks associated with the drilling technique. The government of the largest state in Australia has implemented its ban on fracking for existing and future petroleum titles in the South-West, Peel and Perth metropolitan regions. […]

  • 14 September 2015

    Calls for a moratorium on shale gas exploration and hydraulic fracturing in the Northern Territory have no basis in science and ignore the industry’s strong safety record, Australia’s peak oil and gas body has warned.

  • 20 December 2013
    Business & Finance, Research & Development

    A moratorium on the issuance of Environmental Impact Assessment (EIA) clearance certificates on bulk seabed mining for industrial minerals as well as base and rare metals in Namibian waters will be in place for a minimum of three years. Cabinet made this decision during its 13th ordinary meeting in September this year. A media statement […]

  • 21 October 2016
    Authorities & Government, Business & Finance, Environment, Research & Development

    The government of Ontario, Canada, will keep its moratorium on offshore wind projects imposed in 2011 as it still does not have enough data to make an informed decision on whether to lift the ban, local media reported the province’s energy minister Glenn Thibeault as saying. Thibeault did not completely rule out the possibility of lifting the […]

  • 27 November 2015
    Project & Tenders

    The Government of Nova Scotia will keep the Georges Bank area in the Atlantic Ocean off limits for oil and gas drilling at least until 2023. The Canadian province’s government said that the drilling moratorium would be extended till December 31, 2022, with possible further extension in 10-year increments. The existing ban on oil and gas […]