Egypt has paid off US$1.5 billion of its debt to foreign oil and gas companies, the country's petroleum minister has announced in a statement, according to Egyptian media. The payment, announced a day after the Egyptian government signed $1…
The results of Mexico’s upcoming bidding round for 109 exploration blocks and 60 producing fields could be crucial in determining the country’s future position as an oil and gas powerhouse, according to an analyst with research and consulting firm GlobalData…
ExxonMobil and Rosneft will end drilling operations in the Kara Sea due to Western sanctions. The West Alpha ExxonMobil released a statement today (19 September), which said the supermajor will comply with all US sanctions…
Scotland today (September 18) goes to the polls to decide on its possible future fate as an independent nation. It is being hailed as a historic day for the country. But, for some, the mere existence of the referendum has already damaged investment in the UK North Sea…
Four months after taking to the helm of Italian state-run Eni, CEO Claudio Descalzi is now the subject of a corruption investigation related to the acquisition of the large and lucrative deepwater oil prospecting lease (OPL) 245 offshore Nigeria…
The Mexican Merchant Marine has approved Reflex Marine, a global provider of safe marine transfer solutions to the offshore, marine and renewables industries, to sell its crane transfer device, the FROG-6, in Mexico. The certification…
On Friday, The US International Trade Commission endorsed anti-dumping duties on steel pipe imports from four Asian countries, Turkey, and Ukraine. The USITC voted on 22 August that imports of oil country tubular goods (OCTG) from South Korea…
Rosneft, Seadrill Ltd. and North Atlantic Drilling Ltd. (NADL) entered into a framework agreement. The cooperation would see the Russian producer exchanging assets for shares in the Norwegian drilling company, which specializes in harsh environment operations…
Mexico’s Ministry of Energy (SENER) granted Petróleos Mexicanos (Pemex) almost all of the acreage detailed in its Round Zero wish list, including rights to all requested domestic proven and probable reserves (2P). The government fast…
ExxonMobil began exploratory drilling operations in the Kara Sea’s Universitetskaya structure in the East Prinovozemelskiy area on 9 August, defying Western-imposed sanctions against Russian state-owned Rosneft. Drilling on the Universitetskaya-1 well…
Mexico’s senate has given the final congressional approval to the country’s watershed energy reform that will open up the oil industry to private investment in a 78-26 vote late Wednesday night. The reform, which initially became law 21 December 2013…
The American Petroleum Institute (API) has compiled a new web-based map tracking North American LNG export facility projects. API says approving the LNG sites are critical to US export goals: the proposed export terminals are a 'roadmap to a lower trade deficit…
Cheniere Energy Partners L.P. reported its 2Q 2014 results today, with updates on the progress of liquefied natural gas (LNG) facilities on the US Gulf coast. The company reported a US$226.2 million loss for the 3 months ending 30 June 2014…
The Philippines Department of Energy (DOE) launched the 5th Philippine Energy Contracting Round (PECR5) on 9 May 2014, and scheduled international roadshows in Texas (12-16 May 2014), Singapore (10-14 June 2014), and Turkey (14-17 September…
The UK Maritime and Coastguard Agency (MCA) issued a notice yesterday containing updated requirements for emergency response cooperation plans and requirements for emergency response and search-and-rescue (SAR) helicopter operations relating to offshore renewable energy installations (OREIs)…