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Ecopetrol Wins Offshore Colombia Block

Mar 06, 2019

Colombia’s state-run oil company Ecopetrol SA has signed Colombia’s first offshore exploration and production contract under a newly revised contract model.According to a report in Reuters, the deal for a nearly 400,000-hectare (988,000-acre)…

DOE Chief Perry: OPEC Bill Could Spike Oil Prices

Feb 28, 2019

The United States needs to be cautious about pending legislation that would allow the Justice Department to sue OPEC and other oil producers over supply cuts because it could result in higher prices in the long term, U.S. Energy Secretary Rick Perry said on Thursday…

Oil Edges Up Despite Trump's OPEC Pressure

Feb 26, 2019

U.S. crude inventories seen up for sixth week; prices helped by OPEC cuts, U.S. sanctions.Brent oil edged up to $65 a barrel on Tuesday as Saudi Arabia and the rest of OPEC were expected to stick to their production cuts, despite renewed pressure from U…

Shell: Nigeria Tax Claim May Delay Offshore Field

Feb 26, 2019

Shell upstream boss Brown sees 'no merit' in tax claim. Separately, Shell to fast track Whale development in Gulf of Mexico.Royal Dutch Shell said on Tuesday that Nigeria's claims that it was owed billions in taxes could delay the development…

Citgo's New Board Arrives, to Hold First Meeting

Feb 21, 2019

A board of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. unit Citgo Petroleum on Thursday was arranging its first meeting at the company's headquarters, according with two people familiar with the matter…

Denmark Rethinks Offshore Project

Feb 10, 2019

The Energy Board of Appeal has cancelled and withdrawn the part of the construction licence for the Vattenfall's Vesterhav Syd Offshore Wind Farm concerning assessment of environmental impacts, with a view to renewed processing by the Danish Energy Agency (DEA)…

Lundin Granted North Sea Drilling Permit

Jan 30, 2019

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for a wildcat well in the North Sea.The NPD said on Tuesday that the wildcat well, designated 16/1-31 S, would be drilled from the Leiv Eiriksson drilling…

Senegal Awards LNG, Oil Advisory Job to Doris Engineering

Jan 27, 2019

French engineering services provider Doris Engineering has been awarded an advisor contract by the Senegalese ministry of petroleum and energies for the development of oil & gas projects offshore Senegal.This two-year mission consists in reviewing…

China OKs 6.7GW Offshore Wind

Jan 23, 2019

The Chinese province of Jiangsu has approved 24 offshore wind power projects with a total capacity of 6.7 gigawatts (GW).The country's state press agency Xinhua reported citing sources with the State Grid Jiangsu Electric Power Company that the newly approved projects…

New Jersey Opens Offshore Wind Tax Credit Program

Jan 23, 2019

The New Jersey Economic Development Authority (NJEDA) announced that companies making a capital investment in offshore wind-related facilities in New Jersey can now apply for tax credits through the state’s Offshore Wind Tax Credit Program.According to NJEDA…

Government Shutdown: Atlantic Seismic Permitting Blocked by Judge

Jan 19, 2019

A federal court judge on Friday ruled that the federal government cannot process seismic testing permits for offshore oil drilling during the ongoing government shutdown, dealing a blow Trump administration's energy agenda.Judge Richard Gergel of the U…

BP Gives Up Acreage Offshore Nova Scotia

Jan 15, 2019

BP Canada is scaling back its oil and gas exploration plans off Nova Scotia, as the Canada-Nova Scotia Offshore Petroleum Board (NSOPB) said the company is giving back 50% of the area included in its license.According to NSOPB, half of the area…

SeaRose FPSO Production Remains On Hold

Jan 07, 2019

Oil production continues to be suspended at the SeaRose FPSO, about 350 kilometers east of St. John’s for the last 50 days. There’s no information on when production will resume.Production was suspended and shutdown began on November 16 after two spills -  an estimated 250…

DNO Exits Oman Offshore Block

Jan 04, 2019

Norwegian oil and gas operator DNO ASA subsidiary DNO Oman Block 8 Limited has relinquished operatorship and participation in the offshore Oman Block 8 to the Sultanate of Oman's Ministry of Oil and Gas (MOG) and state-owned Oman Oil Company Exploration and Production LLC (OOCEP)…

New Jersey Offshore Wind Energy Project Receives 3 Bids

Jan 03, 2019

The state Board of Public Utilities said Monday it received three bids from firms interested in building wind projects, but it wouldn’t identify any of them, according to Institute for Energy Economics and Financial Analysis (IEEFA).According to IEEFA…

Current News

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Harvey Gulf Eyes International Markets

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SembMarine's Former Consultant in Brazil Gets 19 Years in Prison

SembMarine's Former Consultant in Brazil Gets 19 Years in Prison

Turkey Expands Drillship Fleet

Turkey Expands Drillship Fleet

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