ExxonMobil's sale to NEO of interests in 13 producing fields – including the Elgin Franklin fields, operated by TotalEnergies, took longer than expected to complete, prompting an investigation by the regulator in the UK - Image for illustration…
For illustration - Gazprom Neft's Prirazlomnaya platform -Credit:Wp.klecha/Wikimedia CommonsMajor global trading houses are planning to reduce crude and fuel purchases from Russia's state-controlled oil companies as early as May 15, sources said…
China's top offshore oil and gas producer CNOOC Ltd. is preparing to exit its operations in Britain, Canada, and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said.Ties…
Danish energy group Ørsted on Friday reiterated that it has no intention of paying Russia's state-controlled gas company Gazprom in roubles and said the decision was not politically motivated.Russian President Vladimir Putin has demanded foreign…
The Canadian government on Wednesday approved a $12 billion offshore oil project proposed by Norway's Equinor, after an environmental assessment concluded it would not cause significant adverse effects.The Bay du Nord project would involve building…
Britain set out plans to expand nuclear and offshore wind power on Thursday to bolster its energy independence, but a failure to target improved energy efficiency even as heating costs surge was attacked for lacking ambition.With energy prices hitting record highs this year…
German-based renewable energy company RWE, which in late 2021 via a lottery system won the rights to build Thor, Denmark's largest offshore wind farm, has now signed a contract with the Danish grid operator Energinet for the Thor wind farm.The agreement regulates the technical setup…
Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is set to have its mandate expanded beyond just oil and gas, to include the regulation of offshore renewable energy.C-NLOPB was established in 1986 to regulate oil and gas-related…
Mexico's ongoing support for state oil company Petroleos Mexicanos (Pemex) remains a challenge to government finances and the sovereign credit rating, Moody's said on Thursday.Moody's, which gave Mexico a 'Baa1' rating with a negative outlook…
The European Union has launched its first ever challenge against Britain at the World Trade Organization over its former member's green subsidy scheme.The European Commission, which oversees trade policy for the EU's 27 members, said that criteria…
Kevin M. Sligh Sr. will join the Department of the Interior as the new Director of the Bureau of Safety and Environmental Enforcement (BSEE), the lead federal agency charged with improving safety and ensuring environmental protection related…
A second man convicted in Britain over how oil contracts were secured in post-occupation Iraq has had his conviction overturned by a London court, further unraveling a blockbuster bribery case prosecuted by the UK Serious Fraud Office (SFO)…
UK offshore oil and gas regulator the Oil and Gas Authority on Monday announced the name change to the North Sea Transition Authority (NSTA) 'to reflect its evolving role in the energy transition.''In 2021, the OGA revised our strategy to put…
Petronas' subsidiary PC Ketapang II has won the North Ketapang block, located onshore and offshore East Java, Indonesia, during the second round of the Indonesia Petroleum Bid Round 2021.The result was announced by the Ministry of Energy and Mineral Resources…
Oil prices spiked to their highest levels since 2008 on Monday as the United States and European allies weighed a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled supply fears.In the first few minutes of trade Brent crude reached $139…
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