Government Update News

 

Eni CEO Claudio Descalzi Meets Angola's president

Nov 09, 2018

Eni president Claudio Descalzi has met Angola's president Joao Goncalves Lourenco in Luanda to discuss the Italian energy giant's operations in the country.During the meeting with President João Lourenço, Claudio Descalzi said that they discussed…

UK: Enough Oil and Gas Reserves for the Next 20 Years

Nov 09, 2018

The UK has enough oil reserves to sustain production for the next 20 years and beyond, new figures indicate.A report published by the UK Government suggests that the overall remaining recoverable reserves and resources in the North Sea range from 10 to 20 billion barrels plus of oil equivalent…

OKEA Gets Approval to Acquire Shell's Draugen, Gjoa Fields

Nov 07, 2018

Norway's Ministry of Petroleum and Energy and Ministry of Finance has approved the transaction from AS Norske Shell and OKEA concerning the transfer of the licenses associated with the Draugen field in the Norwegian Sea and the Gjøa field in the North Sea…

Ofgem Grants Offshore Wind Licence to Dudgeon OFTO

Nov 07, 2018

The government regulator for gas and electricity markets in Great Britain Office of Gas and Electricity Markets (Ofgem) has granted TC Dudgeon OFTO plc a licence for the link to the Dudgeon offshore wind farm.The licence allows Dudgeon to own and operate the GBP297…

UK Hydrographic Office Wins National STEM Inspiration Award

Nov 07, 2018

The UK Hydrographic Office (UKHO) has been awarded Highly Commended at the STEM Inspiration Awards, in recognition of their outstanding commitment to encouraging young people into science, technology, engineering and mathematics careers.According to a press statement…

Gabon Launches Offshore Exploration Round

Nov 07, 2018

Gabon plans to scrap a 35 percent corporate tax on energy companies as part of a revised hydrocarbons law and has launched a new offshore oil and gas exploration licensing round for 34 blocks, Oil Minister Pascal Ambouroue said on Wednesday…

Madagascar Opens Fresh Offshore Licensing Round

Nov 06, 2018

Island nation Madagascar puts 44 blocks  in the Morondava Basin up for grabs, detailing exploration and exploitation periods under production sharing contracts.In the framework of the development of Madagascar's oil and gas potential, the Malagasy…

Turkey Says Other Countries Cannot Drill In Its Waters

Nov 05, 2018

Turkey will not allow the exploitation of gas reserves in Turkish and north Cypriot waters of the eastern Mediterranean, President Tayyip Erdogan said on Sunday.The eastern Mediterranean is believed to be rich in natural gas, and attempts to…

Bahr Essalam Phase Two to Finish by End 2018

Nov 05, 2018

Seven remaining wells are expected to be online at Libya's Bahr Essalam offshore gas field by the end of the year, the Libyan National Oil Corporation (NOC) said in a statement on Sunday.The statement came after a meeting between NOC Chairman Mustafa Sanalla and Eni CEO Claudio Descalzi…

ADNOC to Boost Production Capacity

Nov 05, 2018

Abu Dhabi state-owned oil producer ADNOC plans to increase oil production capacity to 5 million barrels per day by 2030, the emirate's crown prince said in a tweet.Abu Dhabi's 'Supreme Petroleum Council approved AED 486 billion ($132.33 billion) in capex to support ADNOC's 5-year growth plans…

Australia’s Oil and Gas Industry Calls for Competitive Tax Regime

Nov 04, 2018

Changes to the petroleum resource rent tax (PRRT) announced today by the Commonwealth must be assessed carefully by Australia’s oil and gas industry, said the Australian Petroleum Production & Exploration Association (APPEA).“Attracting investment…

Australia Awards Seven New Offshore Permits

Nov 02, 2018

The future of oil and gas exploration in Australia looks bright after new offshore petroleum exploration permits were awarded by the Government that could see more than $530 million invested over the next six years.Minister for Resources and…

Life Extension for Total's Skirne and Byggve

Oct 30, 2018

Petroleum Safety Authority Norway has greenlighted Total E & P Norge AS (Total) to use Skirne and Byggve off Norway beyond the originally planned operational life to March 2024.Skirne, including the Byggve deposit, is in the central North Sea at 120 meters water depth…

US Aims to Be Key Source of Global Energy Supplies

Oct 30, 2018

The United States will become a key source of energy supplies to meet growing demand globally, with innovation in technology and financing set to boost U.S. oil and gas production in the next decade, the country's top energy diplomat said.'In the next 5-10 years…

Turkish Drillship to Start Mediterranean Operations

Oct 30, 2018

A Turkish drilling ship will start operating in the Mediterranean Sea on Wednesday, 100 km (62 miles) off the coast of Antalya province, Energy Minister Fatih Donmez said, adding it would aim to open two drill holes annually.Donmez made the…

Current News

ROVOP Opens Rotterdam Office

ROVOP Opens Rotterdam Office

Newpark Eyes Deepwater Opportunities

Newpark Eyes Deepwater Opportunities

BMT Unveils New Vessel Designs

BMT Unveils New Vessel Designs

Engie, EDP to Form 50-50 Offshore Wind JV

Engie, EDP to Form 50-50 Offshore Wind JV

Equinor Dishes $80 Mln Johan Sverdrup Contract

Equinor Dishes $80 Mln Johan Sverdrup Contract

Petrobras Eyes $9 Bln Transfer-of-rights Addendum

Petrobras Eyes $9 Bln Transfer-of-rights Addendum

Sonardyne Acquires EIVA

Sonardyne Acquires EIVA

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week