WorldOil EU’s biggest oil producer to end North Sea operations by 2050 Denmark, the European Union’s biggest oil producer, will stop offering new licenses in the North Sea and phase out production altogether in 2050 as it takes an historic step toward a fossil-fuel free future. Alaska’s ANWR oil exploration auction set for January 6th A formal “notice of sale” is set to be published in the Federal Register on Dec. 7. The move is in keeping with a congressional mandate to hold two auctions of oil and gas leases in the refuge’s coastal plain by Dec. 22, 2024. Iran’s Guardian Council forces showdown on U.S. nuclear sanctions Iran’s top political chamber gave final approval to a bill forcing President Hassan Rouhani to end international nuclear inspections unless the U.S. lifts key sanctions by February, giving the incoming Biden administration just weeks to make a diplomatic breakthrough. Iran to end nuclear inspections if U.S. oil sanctions aren’t lifted Iranian legislators gave Washington a month to comply with their demands to remove penalties for dealing with Iran’s oil and banking industries. They toughened the original terms of the bill, which had called for a three-month window, after the assassination of a top Iranian nuclear scientist last week. “Zombie” tankers triple Venezuela’s oil exports to China despite U.S. sanctions While PDVSA’s internal documents show vessels like Vinland, Pacific Cape and Vision loading at the port of Jose, these vessels are not operational. Data show that they were sent to the scrapyard months prior to the scheduled loading dates in Venezuela. Enbridge wins approval for Alberta oil sands pipeline to U.S. Midwest Minnesota approved the stormwater pollution plan for Enbridge’s Line 3 pipeline replacement and expansion, the project’s last pending permit, the company said. Construction is expected to take six to nine months on a line that will add 370,000 barrels a day of capacity. Turkey pauses Mediterranean oil search on further EU sanctions threat The gesture is part of a broader series of moves meant to improve the atmospherics before EU leaders sit down on Dec. 10 to discuss a response to Turkish maritime activities in waters also claimed by bloc members Cyprus and Greece. U.S. sanctions China’s CNOOC on drilling in disputed South China Sea CNOOC’s operations in the South China Sea have run into controversy because China claims drilling rights in waters far from its borders, and within 200 miles of countries like Vietnam and the Philippines. Financial data consolidates with SandP Global to buy IHS Markit for $39 billion The proposed tie-up of SandP with IHS Markit, a research firm with more than 5,000 analysts, data scientists, financial experts and industry specialists, is part of a race for scale as the industry’s largest players try to capitalize on surging demand for data and analytics in increasingly computerized financial markets. Greece wearies of Turkey’s provocative energy hunt in disputed waters European leaders in October called on Ankara to abstain from unilateral hydrocarbon exploration in disputed waters, saying it’s in breach of international law. Turkey nonetheless resumed the surveys, making any negotiation with Greece on delimitation of sea borders even more problematic.