Swedish oil firm Lundin Energy has won permission to drill an exploration well in the North Sea, using the West Bollsta semi-submersible drilling rig.The Norwegian Petroleum Directorate, which on Monday said it had issued a drilling permit to Lundin Energy Norway for the North Sea well 16/4-12…
Offshore drilling contractor Pacific Drilling can't appeal the ruling under which it was in January ordered to pay $320 million to Samsung Heavy Industry for a 2015 drillship order cancellation.Pacific Drilling had placed the order for the Pacific…
Europa Oil & Gas has received an extension of its Inezgane Offshore Permit in Morocco, giving it more time to complete the technical work program.The AIM-listed exploration and production company said the Moroccan national oil and gas regulator…
Oil and gas company Wintershall Dea has received regulatory consent from the Norwegian Petroleum Directorate to start up its Dvalin gas field in the Norwegian Sea.Dvalin is a subsea tieback in the Haltenbanken area of the Norwegian Sea linking an underwater template to Equinor's Heidrun platform…
The Philippines' PXP Energy Corp said it was in ongoing negotiations with China National Offshore Oil Corp (CNOOC) relating to a memorandum of understanding between Manila and Beijing on joint oil and gas development in the South China Sea.In a market disclosure…
The U.S. offshore oil and gas regulator BOEM said Thursday it would offer longer terms for the Gulf of Mexico oil and gas exploration blocks in certain depths, in its region-wide offshore lease sale slated for November. The sale will include…
Philippines President Rodrigo Duterte has lifted the moratorium on petroleum exploration in the South China Sea, paving the way for three projects to resume, including a possible joint venture with China.Energy Secretary Alfonso Cusi said on…
The United States on Tuesday slammed Turkey's renewed push to send a vessel to carry out seismic surveys in the eastern Mediterranean, accusing Ankara of unilaterally stoking tensions and 'deliberately' complicating the resumption of talks with Greece…
Eni has filed a request for arbitration against Nigeria at the World Bank's dispute settlement body and plans to argue that the country's failure to allow it to exploit an oilfield it acquired with Royal Dutch Shell nearly a decade ago breaches their investment agreement…
Russian oil company Lukoil has signed an agreement with the Kazakh oil firm KazMunayGas over the future obligations of the two companies on the Al-Farabi Project in the Kazakh Sector of the Caspian Sea.Al-Farabi license block is located in the Kazakh Sector of the Caspian Sea…
Nigeria's long-awaited oil reform bill would privatize the Nigerian National Petroleum Company (NNPC), amend changes to deepwater royalties made late last year and scrap key regulatory agencies in favor of new bodies, a copy of the bill seen by Reuters showed…
The United States and Greece called on Monday for a peaceful resolution of maritime disputes in the east Mediterranean as U.S. Secretary of State Mike Pompeo began a two-day trip to Greece amid increased regional tension over energy resources…
French oil major Total will transfer its rights in five blocks in Foz do Amazonas Basin off Brazil to Brazil's national oil company Petrobras, and exit the basin.To remind, Total earlier in September announced its decision o give up operatorship over the five exploration blocks in ultra-deep waters…
The U.S House of Representatives passed the Clean Economy Jobs and Innovation Act (H.R. 4447) aiming to reform U.S. energy policy and authorize significant investment in the transition to greater use of low-carbon energy.The legislation, which addresses a wide range of energy topics and initiatives…
U.S. President Donald Trump said on Friday he had extended a ban until 2032 on oil drilling off the coast of North Carolina and Virginia, weeks after a similar extension affecting offshore drilling in the waters off Florida, Georgia, and South Carolina…
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