Government News


Total CEO: Britain Must Stick by Brexit Mistake

Sep 03, 2019

The chief executive of French oil major Total believes that Britain should stick by its decision to leave the European Union even though he thinks it is a fundamental mistake that could be a real issue for the UK economy'It's a choice. It's democracy…

Pemex Promised $7.3 Billion in Tax Relief

May 24, 2019

Mexico's government aims to give $7.3 billion in tax relief to heavily indebted state oil company Pemex, according to a document seen by Reuters on Thursday, in an effort to cool fears over its financial viability and the impact on the wider economy…

Brazil Sets Parameters for Mega Oil Auction

May 10, 2019

Brazil's national energy council on Thursday published updated parameters for a massive oil auction scheduled for later this year, including minimum levels of profit-sharing with the government, while also urging a shakeup in the refinery sector…

UK Govt Backs Aberdeen Subsea Engineering Hub

May 03, 2019

The UK government said it will back industry plans for a multimillion pound underwater engineering hub in Aberdeen.The planned Global Underwater Engineering Hub will bring together underwater technologies from both industry and academia from…

Trump Administration to Revise Offshore Safety Rules

May 02, 2019

The Trump administration will unveil on Thursday its final plan to roll back offshore drilling safety measures put in place by the Obama administration after the fatal 2010 BP Deepwater Horizon oil spill, the worst in U.S. history, raising concerns…

Trump Administration Sidelines Offshore Drilling Plan

Apr 25, 2019

The Trump administration will hold off on issuing its plan to expand offshore drilling as it weighs what to do after a March court ruling that blocked drilling in the Arctic and Atlantic, Interior Secretary David Bernhardt told The Wall Street Journal…

Black Sea MGD Project Gets Government Nod

Apr 15, 2019

Black Sea Oil & Gas (BSOG), controlled by private equity firm Carlyle Group LP, announced it has received Romanian government approval from the Romanian Government through the National Agency for Mineral Resources (NAMR) for its plan to develop…

Mexico to Offer Pemex One Year Lifeline

Apr 14, 2019

Mexico will offer its ailing state oil company Pemex a lifeline for only one year by dipping into its budget stabilization fund, Finance Minister Carlos Urzua said on Friday, ruling out that the government will absorb the debt.With $106 billion in financial debt…

Algeria: From Political Turmoil Comes Opportunity

Apr 11, 2019

The ongoing political turmoil in Algeria threatens to delay even further the planned offshore oil and gas exploration projects that the country is betting on to reverse the declining oil and gas output especially from maturing onshore fields…

Brazil Transfer-of-rights Area: What's Next?

Apr 11, 2019

Brazil's government and state-controlled oil company Petroleo Brasileiro SA have settled a long-running dispute about one of the world's most promising offshore oil areas, clearing the way for a blockbuster auction later this year.The national…

Brazil Government to Pay Petrobras $9 Bln

Apr 10, 2019

The Brazilian government reached a landmark deal to pay state-controlled oil company Petróleo Brasileiro SA $9.058 billion for revising a transfer-of-rights oil contract, Energy Minister Bento Albuquerque said on Tuesday.Albuquerque told reporters…

Lebanon Announces Offshore Blocks

Apr 05, 2019

Lebanon announced on Friday five offshore blocks to be included in its coming bidding round for energy exploration and production licences, including four along disputed maritime borders.Offshore energy development has been a central ambition for successive governments in cash-strapped Lebanon…

Lebanon Approves Second Offshore Gas Round

Apr 04, 2019

Lebanon's government has approved a second offshore energy licensing round with bids to be submitted early next year, Energy Minister Nada Boustani said on Twitter on Thursday.Offshore energy development has been a central ambition for successive governments in cash-strapped Lebanon…

US Offshore Drilling Takes Center Stage

Mar 28, 2019

U.S. lawmakers will quiz President Donald Trump’s new pick to lead the Interior Department on Thursday, focusing on the former energy and mining lobbyist’s plans to expand fossil fuels production from the United States' public lands and waters…

Current News

Schlumberger Profit Beats Estimates

Petrobras Posts Another Major Production Boost

Eni CEO: No Future for Firms Working in Just O&G

TechnipFMC Wins EPCI Contract from Woodside

Partners Plan Floating Wind Farm in South Korea

Maersk Drilling Scores POSCO Contract

Woodside Makes FID for Pyxis Hub Project

Online Tool Helps Assess Drilling Safety

Transocean Bags $75Mln New Contracts

Naval Energies, SIDS DOCK to Support OTEC

Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

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