Major U.S. oil industry groups on Monday sued the Biden administration for halting drilling auctions on federal lands and waters this year, arguing the government is required by law to hold regular sales.The American Petroleum Institute (API)…
Challenger Energy, the company until recently known as the Bahamas Petroleum Company, is seeking an extension to the license period for its offshore blocks in the Bahamas after it earlier this year drilled an offshore well that failed to unearth commercial quantities of oil…
Russian oil firm Lukoil said Monday it had started drilling its first exploration well at Block 12 offshore Mexico.The block is located 50 km off the coast, in the Gulf of Mexico, near the State of Tabasco, Mexico. It covers an area of 521 square meters…
Offshore drilling contractor Vantage drilling this week posted a net loss of $29 million in the second quarter of 2021, but its CEO was optimistic on the back of several important jack-up drilling rig contracts secured recently, especially in Qatar…
The Gambia's A1 offshore block is back on the market for licensing, the petroleum ministry said on Thursday, three days after BP agreed to a $29.3 million settlement for failing to meet its drilling obligations there.The British oil major violated…
Norwegian oil and gas exploration and production company Vår Energi has obtained regulatory consent to drill an exploration well in the Barents Sea, off Norway.The Petroleum Safety Authority Norway on Thursday said it had given Vår Energi its…
Oslo-listed drilling firm Borr Drilling has secured a Letter of Award for its jack-up drilling rig 'Gunnlod' from an undisclosed operator in Malaysia. The drilling campaign is expected to start in the fourth quarter of 2021 in direct continuation…
Malaysian offshore drilling contractor Sapura Drilling has awarded oilfield services giant Halliburton an offshore integrated contract.Sapura Drilling will, with Halliburton as its technical partner, execute an Integrated Rig Drilling Completion…
The Gambian government said on Tuesday BP has agreed to settle a $29.3 million outstanding commitment to drill an exploration oil well in the West African country's offshore A1 block, which the company was awarded two years ago.BP broke its…
Oil firm Rex International's subsidiary Lime Petroleum has signed an agreement with the Norwegian oil company Aker BP to acquire 20 percent in two offshore blocks in the North Sea. The transfer of the interests in the licenses PL867 and PL867B is pending regulatory approval…
Norwegian oil and gas company DNO has started drilling at the Gomez exploration well on the PL006C license offshore Norway.The well was spudded over the weekend using the Borgland Dolphin semi-submersible drilling rig. It will be drilled to a depth of around 3…
Africa-focused oil and gas firm Tower Resources has signed an agreement to farm out some of its stake in the Thali block offshore Cameroon to Beluga Energy Limited.Under the binding Heads of Agreement, Beluga will take a 49% non-operating working interest in Thali Production Sharing Contract…
Williams (NYSE: WMB) reached an agreement with Shell Offshore Inc. and Chevron U.S.A. Inc. to provide offshore natural gas gathering and crude oil transportation services as well as onshore natural gas processing services for the Whale development…
Costa Rican lawmakers this week will discuss a bill to permanently ban fossil fuel exploration and extraction, a move that would prevent future governments from pivoting on the issue as the popular eco-tourism destination country aims to decarbonize by 2050…
U.K. gas company IOG announced the spudding of the Blythe development well in the U.K. North Sea.Following Elgood, Blythe is the second development well in IOG's Phase 1 project and is expected to take under three months to drill and complete…