About: offshore oil industry
Investors warned against sudden ‘handbrake’ on high-polluting oil projects
A sudden break on oil drilling caused by last-minute climate action from regulators could halve the value of new projects being developed today, according to fresh analysis published on Friday (31 January).
Offshore oil facing countdown to comply with new EU safety rules
Oil companies operating in European waters are racing to comply with a 19 July deadline to implement new EU safety rules on offshore drilling adopted in the aftermath of the disastrous BP oil slick in the Gulf of Mexico.
Ignoring Trump, France’s Total signs major Iran gas deal
French energy giant Total was set to defy US pressure today (3 July), signing a multi-billion-dollar gas deal with Iran, the first by a European firm in more than a decade.
South Stream demise leads Croatia to revive gas terminal project
Spurred by the demise of Russia's South Stream gas pipeline project, Croatia has revived a decade-old idea of building a liquefied natural gas import terminal at the deepwater oil port of Omisalj, on the island of Krk.
Europe to get its first EU-wide offshore oil and gas law
The EU proposed yesterday (21 February) its first law to regulate safety in offshore oil and gas drilling across the 27-member bloc and prevent any repeat of BP's catastrophic Gulf of Mexico spill.
UK seeks to water down Arctic oil drilling proposals
The UK government is seeking to water down planned EU regulations on deep-sea oil drilling, even while insisting to MPs that it wants "robust environmental protection" for oil drilling in the Arctic.
Norway to double carbon tax on oil industry
Norway is to double the carbon tax on its North Sea oil industry and set up a £1bn (€1.23bn) fund to help combat the damaging impacts of climate change in the developing world.
EU energy chief warms to offshore oil and shale gas
Europe is at a competitive disadvantage because of a reluctance to take risks on offshore oil drilling and tar sands, and a failure to fully explore its shale gas options, EU Energy Commissioner Günther Oettinger says.High offshore safety standards in North Sea must not be risked
The European Commission’s intention to improve safety in offshore oil and gas across Europe by using the UK’s best practices should be welcomed. However, the form of legislation proposed would have the opposite effect and undo decades of established regulatory experience - putting the safety of workers at risk, writes Malcolm Webb, chief executive of Oil & Gas UK.
Parliament rejects calls for offshore oil drilling ban
The European Parliament has rejected calls for a moratorium on offshore drilling, pushing instead for Brussels to adopt new rules obliging oil majors to subscribe to insurance schemes in order to cover the potentially disastrous consequences of an oil spill.