Government News

 

Scotland goes to the polls

Sep 18, 2014

Scotland today (September 18) goes to the polls to decide on its possible future fate as an independent nation.  It is being hailed as a historic day for the country. But, for some, the mere existence of the referendum has already damaged investment in the UK North Sea…

Eni CEO investigated for corruption

Sep 11, 2014

Four months after taking to the helm of Italian state-run Eni, CEO Claudio Descalzi is now the subject of a corruption investigation related to the acquisition of the large and lucrative deepwater oil prospecting lease (OPL) 245 offshore Nigeria…

Reflex Marine's FROG-6 approved for Mexico

Aug 27, 2014

The Mexican Merchant Marine has approved Reflex Marine, a global provider of safe marine transfer solutions to the offshore, marine and renewables industries, to sell its crane transfer device, the FROG-6, in Mexico. The certification…

USITC confirms OCTG dumping in US

Aug 25, 2014

On Friday, The US International Trade Commission endorsed anti-dumping duties on steel pipe imports from four Asian countries, Turkey, and Ukraine. The USITC voted on 22 August that imports of oil country tubular goods (OCTG) from South Korea…

Rosneft, NADL strengthen ties

Aug 22, 2014

Rosneft, Seadrill Ltd. and North Atlantic Drilling Ltd. (NADL) entered into a framework agreement. The cooperation would see the Russian producer exchanging assets for shares in the Norwegian drilling company, which specializes in harsh environment operations…

Round Zero bolsters Pemex portfolio

Aug 15, 2014

Mexico’s Ministry of Energy (SENER) granted Petróleos Mexicanos (Pemex) almost all of the acreage detailed in its Round Zero wish list, including rights to all requested domestic proven and probable reserves (2P). The government fast…

Kara Sea spudded despite sanctions

Aug 11, 2014

ExxonMobil began exploratory drilling operations in the Kara Sea’s Universitetskaya structure in the East Prinovozemelskiy area on 9 August, defying Western-imposed sanctions against Russian state-owned Rosneft. Drilling on the Universitetskaya-1 well…

Energy reform heads to Mexican president

Aug 07, 2014

Mexico’s senate has given the final congressional approval to the country’s watershed energy reform that will open up the oil industry to private investment in a 78-26 vote late Wednesday night. The reform, which initially became law 21 December 2013…

New API map- LNG export facilities

Aug 06, 2014

The American Petroleum Institute (API) has compiled a new web-based map tracking North American LNG export facility projects. API says approving the LNG sites are critical to US export goals: the proposed export terminals are a 'roadmap to a lower trade deficit…

Cheniere provides 2Q Sabine Pass liquefaction update

Jul 31, 2014

Cheniere Energy Partners L.P. reported its 2Q 2014 results today, with updates on the progress of liquefied natural gas (LNG) facilities on the US Gulf coast. The company reported a US$226.2 million loss for the 3 months ending 30 June 2014…

Philippines launches PECR5 bid round

Jul 25, 2014

The Philippines Department of Energy (DOE) launched the 5th Philippine Energy Contracting Round (PECR5) on 9 May 2014, and scheduled international roadshows in Texas (12-16 May 2014), Singapore (10-14 June 2014), and Turkey (14-17 September…

UK issues guidance for emergency response planning at OREIs

Jul 24, 2014

The UK Maritime and Coastguard Agency (MCA) issued a notice yesterday containing updated requirements for emergency response cooperation plans and requirements for emergency response and search-and-rescue (SAR) helicopter operations relating to offshore renewable energy installations (OREIs)…

uHPHT tax consultation launched

Jul 23, 2014

The UK Government has launched a consultation into a proposed tax allowance to encourage investment in ultra-high-pressure, high-temperature (uHPHT) oil and gas fields in the UK North Sea. The allowance could reduce the tax on a portion of a company's profits from 62% to 30%…

Mexico's energy reform marches on

Jul 22, 2014

Mexico’s senate passed the secondary legislation that defines new institutional framework for state oil company Petróleos Mexicanos (Pemex) following the December 2013's sweeping energy reforms. After 12 hours of debate and hearing from more than 50 senators…

Gabon, DRC reject Angola’s redraw of maritime border

Jul 21, 2014

Both Gabon and the Democratic Republic of Congo (DRC) in Kinshasa are rejecting Angola's proposed changes to the maritime borders, in which Angola seeks to increase its continental shelf length by more than 200mi. Gabon and the DRC have…

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