• 3 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 7 minutes Saudi and UAE pressure to get US support for Oil quotas is reportedly on..
  • 11 minutes China devalues currency to lower prices to address new tariffs. But doesn't help. Here is why. . . .
  • 15 minutes What is your current outlook as a day trader for WTI
  • 38 mins In The Bright Of New Administration Rules: Immigrants as Economic Contributors
  • 45 mins Domino Effect: Rashida Tlaib Rejects Israel's Offer For 'Humanitarian' Visit To West Bank
  • 18 hours Will Uncle Sam Step Up and Cut Production
  • 2 days Movie Script: Epstein Guards Suspected Of Falsifying Logs
  • 19 hours Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 6 hours Continental Resource's Hamm (Trump Buddy) wants shale to cut production.Can't compete with peers. Stock will drop in half again.
  • 7 hours Gretta Thunbergs zero carbon voyage carbon foot print of carbon fibre manufacture
  • 2 days Significant: Boeing Delays Delivery Of Ultra-Long-Range Version Of 777X
  • 15 hours NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 2 days I think I might be wrong about a 2020 shakeout
  • 3 days Kremlin Says WTO's Existence Would Be In Doubt If the U.S., Others Left
  • 3 days Strait Of Hormuz As a Breakpoint: Germany Not Taking Part In U.S. Naval Mission
  • 52 days To be(lieve) or Not To be(lieve): U.S. Treasury Secretary Says U.S.-China Trade Deal Is 90% Done

EU: Tighter Regulations for Explorers

Bottom Line: The EU’s new offshore oil and gas exploration legislation is designed to prevent another Gulf of Mexico incident and will force explorers to submit special hazard reports and emergency-response plans as well as to demonstrate extended liability coverage.

Analysis: The legislation was approved by the European Parliament last week. Specifically, the new legislation requires exploration companies to submit special hazard reports and emergency-response plans BEFORE getting approval to launch offshore operations. Explorers will also be required to prove their ability to cover liabilities in an extended zone of operations up to 370 kilometers off the coast. Previous legislation put this at 22 kilometers off the coast. Affected will be some 1,000 offshore installations across Europe, with the bulk on the United Kingdom (486).

EU Votes

Recommendation: EU governments are expected to support the new law across the board, and its final approval is expected to be just a formality at this point and most likely to be achieved before the end of the year, if not sooner.

Intel Notes are provided by ISA Intel. For more information, contact ISA Intel Executive Director Anes Alic (anesalic@gmail.com)




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play