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Rules & Regulation

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A semi-submersible rig at sea
Rules & Regulation

Seadrill hit with $55 million bill after appeals court upholds rig breach ruling

SFL Corporation has won a legal battle, with Norway's appeals court ordering Seadrill to pay $55 million over a 2022 rig redelivery breach.

9 days ago
21 companies apply for Norway’s new oil & gas exploration areas
Rules & Regulation

21 companies apply for Norway’s new oil & gas exploration areas

The Norwegian Ministry of Energy has received applications from 21 companies showing interest in new exploration areas on the Norwegian Continental Shelf (NCS) as part of this year’s Awards in predefined areas (APA) licensing round. APA 2026 was announced on May 5, with applications closing on Septe

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about 1 month ago
FPSO Petrojarl Rosebank; Source: Adura
Rules & Regulation

$11.8 billion North Sea oil & gas project clears key consultation hurdle ahead of government’s final say

Adura, an incorporated joint venture (IJV) between the UK-headquartered Shell and Norway’s Equinor, has confirmed the end of a public consultation period on the development of an oil and gas field in the North Sea. This project on the UK Continental Shelf (UKCS) is now awaiting the UK government’s f

about 2 months ago
Investment approval request submitted for Cyprus-Israel interconnector, project viable in all scenarios
Rules & Regulation

Investment approval request submitted for Cyprus-Israel interconnector, project viable in all scenarios

Greece’s transmission system operator (TSO) Independent Power Transmission Operator (IPTO), as the project promoter of the Great Sea Interconnector (GSI) that will connect Cyprus and Israel, has submitted an investment approval request to the regulatory authorities of both countries. This is the nec

about 2 months ago
FPSO Western Isles; Source: NEO Energy
Rules & Regulation

License alignment buys time to pick production solution for new UK North Sea oil hub

As the UK regulator has decided to prolong a license in alignment with another one in the area to pave the way for an integrated development plan, Aberdeen-based full-cycle energy business NEO NEXT Energy and its partners, Serica Energy and Jersey Oil & Gas (JOG), are expected to contemplate all ava

about 2 months ago
Illustration; Source: Saipem
Rules & Regulation

Saipem’s merger with Subsea7 clears crucial US antitrust hurdle

Italy’s engineering, drilling, and construction services giant Saipem and the Luxembourg-domiciled Subsea7 have made progress in advancing their proposed business combination with a U.S. antitrust milestone; however, the merger’s fate remains uncertain pending the review of potential offshore market

about 2 months ago
UK CO2 storage project that will reuse existing infrastructure secures lease
Rules & Regulation

UK CO2 storage project that will reuse existing infrastructure secures lease

Liverpool Bay CCS Limited (LBCCS) has entered into a lease with The Crown Estate for its CO2 transportation and storage project offshore the UK, the country’s first carbon capture and storage (CCS) project to repurpose existing infrastructure. The Liverpool Bay CCS project will operate as the backbo

about 2 months ago
Illustration; Source: Saipem
Rules & Regulation

Saipem-Subsea7 merger under the microscope as EU flags competition concerns

A proposed merger between Italy’s engineering, drilling, and construction services giant Saipem and the Luxembourg-domiciled Subsea7 is facing deeper scrutiny in the European Union (EU) over offshore market concentration due to subsea umbilicals, risers, and flowlines (SURF) and carbon capture and s

about 3 months ago
LNG vessel; Source: GTT
Rules & Regulation

GTT’s new LR-approved NO96 criteria expand LNG carrier design flexibility

French technological containment specialist Gaztransport & Technigaz (GTT) has secured the green light from the UK-based classification society Lloyd’s Register (LR) for new NO96 elongation criteria, opening the door to more optimized liquefied natural gas (LNG) carrier (LNGC) structures, widening L

about 3 months ago
COSL Prospector rig; Source: COSL
Rules & Regulation

North Sea wildcat to be spud by COSL rig next month

Norway’s oil and gas player Vår Energi has secured a drilling permit for operations in the Norwegian North Sea, which will be conducted with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling contractor.

about 3 months ago
Scarabeo 8 rig; Source: Saipem
Rules & Regulation

Two oil & gas operators gearing up for North Sea drilling ops with COSL and Saipem’s rigs

Norwegian oil and gas operators, Equinor and Aker BP, have each obtained drilling permits for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be conducted with semi-submersible rigs owned by COSL Drilling Europe and Saipem.

about 4 months ago
Illustration; Source: Wood Mackenzie
Rules & Regulation

Oil price spike spurs windfall tax proposals in Brazil, EU, US, and Australia

As oil prices top $100 per barrel (bbl), Wood Mackenzie, an energy intelligence group, has pinpointed the uptick in energy prices as the reason for the revival in windfall tax debate across four continents.

about 4 months ago
Illustration; Source: Eco Atlantic
Rules & Regulation

Eco’s takeover of JHI close to crossing the finish line

Eco (Atlantic) Oil & Gas, an AIM-listed and Canada-headquartered oil and gas company focused on the Atlantic Margin, is closing in on the completion of its acquisition of the issued and to-be-issued shares it does not already hold in JHI Associates (JHI).

about 5 months ago
CETO technology
Rules & Regulation

Relevant Spanish authorities grant approval for CETO’s deployment at BiMEP

Carnegie Clean Energy’s wholly owned subsidiary, CETO Wave Energy Ireland, has received a EuropeWave payment of €63,688 that reflects the approval of two deliverables related to the deployment of the CETO wave energy converter (WEC) at the Biscay Marine Energy Platform (BiMEP) site. The payment, und

about 5 months ago