US Grants BP, Serica Licence to Run Iran-owned North Sea Field

Tuesday, October 9, 2018

BP and Serica Energy received a conditional licence from U.S. authorities to continue operating a North Sea gas field partly owned by Iran's national oil company, Serica said in a statement.

The U.S. Office of Foreign Assets Control extended a licence for U.S. and U.S.-owned or controlled entities to provide goods, services and support the Rhum field, which supplies around 5 percent of Britain's gas demand.

The extension will allow Serica to complete the acquisition of BP's stake in Rhum as well as the Bruce and Keith fields, as well as buying Total's stakes in Bruce and Keith, it said.


(Reporting by Ron Bousso, editing by Louise Heavens)

Categories: Legal Offshore Government Update Offshore Energy Industry News Europe Gas

Related Stories

Sapura Energy Hooks Subsea Services Contract from Thai Oil Major Off Malaysia

Subsea Vessel Market is Full Steam Ahead

Akastor’s Subsidiary Wins $101M Case Against Seatrium's Jurong Shipyard

BP Starts Oil Production at Major New Platform Offshore Azerbaijan

Oil Spill Spotted Near Kazakh Oil Field in Caspian Sea

Blackford Dolphin Scoops $154M Drilling Contract with Oil India

MMHE Delivers Topside for Jerun Gas Field Platform Offshore Malaysia

TotalEnergies Signs 16-Year LNG Supply Deal with Sembcorp

Enhancing Environmental Accountability in Offshore Operations via Data Analytics

Petronas Signs Gas PSCs for BIGST and Tembakau Clusters Offshore Malaysia

Current News

Doris, Rosen and Spiecapag Team Up to Repurpose Natural Gas Pipelines for Hydrogen

Indonesia to Ask Mubadala to Speed Up South Andaman Gas Development

Interview: Caroline Yang, CEO, Hong Lam Marine & President, SSA

Indonesia Offers Five Oil and Gas Blocks, Pledges to Boost Exploration

ADES Holding Signs $94M Jack-Up Rig Deal with PTTEP

Cyan Renewables, Hyundai to Set Up Offshore Wind Vessel Suply Chain in South Korea

Mubadala Energy Makes Second Major Gas Discovery in Indonesia

Subsea7, OneSubsea to Install Türkiye’s First FPU in Black Sea

Optimizing Cathodic Protection Survey Using Non-contact Sensors

Into the Deep: Offshore Production Increasingly Finds Deeper Waters

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com