Swedish oil and gas firm Lundin Petroleum has received approval from the Norwegian authorities to start up its Solveig field in the North Sea. offshore Norway.Expected to start production this autumn, Solveig will produce from subsea production facilities tied into the Edvard Grieg field…
After the Biden administration on Tuesday said it would resume oil and gas lease sales, paused since January, National Ocean Industries Association (NOIA) said the move was good news for jobs and government revenues, and 'in no way a setback for climate progress…
Shares in Norwegian oil company Okea rose 4.7% at the opening of trading on the Oslo bourse on Wednesday, a day after the Norwegian government proposed changes to the petroleum tax system.The coalition led by Prime Minister Erna Solberg proposed…
The Biden administration announced plans on Tuesday to open millions of acres for oil and gas exploration as the White House sought to comply with a court order requiring it to resume lease auctions.The move, which includes some 80 million…
Norway's government has proposed overhauling taxation of its oil and gas firms by scrapping some incentives, it said in a surprise announcement on Tuesday, further heating up a pre-election debate over the future of the country's top industry…
Prosafe, an Oslo-listed offshore accommodation rig provider, has to pay around $53 million to Westcon yard as its appeal over an April court ruling related to a dispute concerning the conversion of one of its flotels was dismissed.Stavanger…
Woodside Petroleum said on Friday it is working with other companies on a plan to replace a proposed Australian government levy that would make offshore producers pay for the clean up of an abandoned oilfield in the Timor Sea.The government…
Anapetro, an association of shareholders in Brazil’s Petrobras who are also employees, on Thursday publicly asked the state-run oil company to skip an upcoming auction of an oil area near coral reefs, due to environmental concerns.In a public letter to company management…
The Norwegian offshore oil and gas safety body Petroleum Safety Authority Norway has identified breaches of regulations aboard Dolphin Drilling's Borgland Dolphin drilling rig and has issued the rig owner with a notification of order.The PSA…
The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Mexico auction as soon as October, court papers showed.The move comes two months after the U…
A new report from a U.S. offshore services trade group details alleged Jones Act violations by a foreign-flagged vessel in the U.S. Gulf of Mexico.The Offshore Marine Service Association (OMSA), which recently launched its Jones Act Enforcer program to document and report violations of the U…
The Biden administration on Friday slapped sanctions on a Russian ship and two companies involved in the Nord Stream 2 gas pipeline, but opponents of the nearly-completed project said the measures would not stop it.The sanctions were imposed on ship Ostap Sheremeta…
A U.S. offshore regulator on Wednesday said efforts to resume a federal oil and gas leasing program are underway and would soon bear results following a court decision ending a suspension.The Biden administration this week challenged the court decision…
Guyana aims to increase its oil royalties and revamp other contract terms as part of a new profit-sharing agreement (PSA) for future crude and gas projects now in its draft stage, the South American nation's vice president said on Tuesday.The…
The Biden administration on Monday challenged a federal judge's decision in June to block the Interior Department's pause on oil and gas leasing on public lands and waters - a critical piece of its climate change policy - but will proceed with leasing during the appeals process…
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