The UK Government has launched a consultation into a proposed tax allowance to encourage investment in ultra-high-pressure, high-temperature (uHPHT) oil and gas fields in the UK North Sea. The allowance could reduce the tax on a portion of a company's profits from 62% to 30%…
Mexico’s senate passed the secondary legislation that defines new institutional framework for state oil company Petróleos Mexicanos (Pemex) following the December 2013's sweeping energy reforms. After 12 hours of debate and hearing from more than 50 senators…
Both Gabon and the Democratic Republic of Congo (DRC) in Kinshasa are rejecting Angola's proposed changes to the maritime borders, in which Angola seeks to increase its continental shelf length by more than 200mi. Gabon and the DRC have…
The Republic of Gabon’s Ministry of Petroleum announced today that it has selected seven companies to participate in a final round of negotiations for deepwater blocks in the offshore licensing tender round from October 2013. The Ministry said Impact Oil & Gas…
Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank today announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include…
On 17 July, senators in the Australian Parliament voted to disallow the Federal Government from continuing to issue Maritime Crew (subclass 988) visas to foreign workers for the purposes of working in Australia’s offshore oil and gas industry…
Gazprom, the world's largest conventional gas producer, has appointed Elena Burmistrova as Director General of its natural gas export division. Prior to her appointment, Burmistorva was Deputy Director General of Oil and Gas Products…
The Russian Government has granted exclusive rights to four companies to export liquefied natural gas (LNG), Russian Prime Minister Dimtry Medvedev signed a resolution on 14 July granting LNG export privileges to OJSC Gazprom, its subsidiary Gazprom Export…
The UK Government is to contribute £15 million short-term funding over five years to help kickstart the establishment of a new arm’s length regulatory body, to be called the Oil and Gas Authority (OGA), based in Aberdeen, to oversee the oil and gas industry…
New Jersey is moving to stop an ocean research project opposed by the state's Department of Environmental Protection (DEP), fishing groups, and environmentalists. The US National Oceanic and Atmospheric Administration (NOAA) issued a permit on 1 July and the seismic surveys began…
The US Coast Guard and Maritime Transportation Subcommittee of the US House Committee on Transportation and Infrastructure (T&I) of the 113th Congress will conduct a hearing in Washington, DC on 21 May, about using new ocean technologies…
After nine years with Paolo Scaroni serving at the helm of Italy’s Eni S.p.A., the company’s board of directors appointed his successor: Claudio Descalzi (pictured), chief operating officer of Eni’s Exploration and Production division since 2008…
The US Department of the Treasury issued sanctions against seven Russian government officials and 17 entities on 28 April. Among those officials listed was OAO Rosneft President and Chairman of the Management Board Igor Sechin. These…
A new tax break for high-pressure, high-temperature fields in the UK North Sea has been overshadowed by a move by the UK Government to change to taxes on drilling rigs. The move, relating to bare-boat chartering, “perplexed” industry…
How to increase exploration drilling rates on the UK Continental Shelf forms the largest section in today’s Wood Review report (see http://www.oedigital.com/component/k2/item/5082-all-eyes-on-north-sea-oil for more). Better seismic, data sharing…