Government News

 

Turkey to Begin Drilling Around Cyprus

Jan 25, 2019

Turkey will begin drilling for resources around Cyprus, Foreign Minister Mevlut Cavusoglu said on Friday, a move that could create tensions with neighboring Cyprus and Greece over ownership of natural resources.Attempts to tap gas and oil in…

UK Decommissioning Tax Relief Estimate in Question

Jan 25, 2019

Britain's public spending watchdog on Friday questioned a government estimate of 24 billion pounds ($31 billion) as the cost of tax relief to decommission oil and gas infrastructure.As one of the oldest and most mature oil basins, Britain's…

Changing the Rules of the Game in Africa

Jan 24, 2019

Africa's offshore oil and gas potential remains largely unexploited, and 2019 may turn out to be a good indicator on whether countries with shallow-, deep- and ultra-deepwater hydrocarbon resources can make headway in attracting exploration and production investments…

Norway's Northernmost Oil Find Could Start Production in 2026

Jan 16, 2019

Austria's OMV and partners plan to invest up to $6 billion initially to develop the Arctic Wisting oil find, Norway's northernmost oil discovery, which could start production within a decade, a senior executive said on Wednesday.OMV owns a 25…

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…

Norway Awards Record Number of Exploration Blocks

Jan 15, 2019

Norway awarded a record 83 blocks to explore for petroleum resources in mature areas of the Norwegian continental shelf, in a sign of continuing interest from oil companies in the country's oil sector, the energy ministry said on Tuesday.A lack…

​​​​Petrobras Wants to Operate 3 Blocks in 6th Pre-salt

Jan 14, 2019

Brazil state-run oil firm Petroleo Brasileiro SA said on Monday it plans to exercise its preferential rights to operate three blocks in the next pre-salt deep water auction, due later this year, under a production-sharing contract scheme.In a statement…

Orsted Loses Political Support for Divestment

Jan 14, 2019

Shares in Orsted fell on Monday after the energy company, which is 50.1 percent owned be the Danish state, on Sunday announced that there was no longer political support for the divestment of its power business.The world's largest offshore wind…

Three Nominated to Petrobras Board

Jan 14, 2019

Brazil's government on Monday nominated three new board members for state-owned oil company Petroleo Brasileiro SA (Petrobras), amid accusations that new CEO Roberto Castello Branco was pushing to oust board members.The nominees are Eduardo Bacellar Ferreira…

Exxon Ships Have Not Returned to Disputed Area off Guyana

Jan 11, 2019

Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana's coast have not returned to the site of a December incident with Venezuela's navy, but they may in the future, Guyana's foreign minister said on Thursday.Guyana, with no history of oil production…

New Petrobras Chief Wants to Oust Board Members

Jan 11, 2019

The new chief executive of Brazil's Petroleo Brasileiro SA is pushing for the ouster of two of the state-controlled oil company's board members, three people with knowledge of the matter said on Friday.Roberto Castello Branco is seeking the resignation of two Petrobras board members…

PetroVietnam: Maritime Tensions Weigh on Operations

Jan 11, 2019

Vietnam's state oil firm PetroVietnam said on Friday that tension in the South China Sea will continue to weigh on its offshore operations this year.The company, formally known as Vietnam Oil and Gas Group targets to produce 12.37 million metric tonnes of crude oil this year…

Italy to Block Exploration Permits

Jan 09, 2019

The Italian government is planning to block the issuing of about 36 permits to look for oil and gas as part of plans to cut the country's carbon footprint, the industry ministry said on Wednesday.In a statement the ministry said upstream oil…

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…

Brazil Denies $14 Bln Payment to Petrobras

Jan 07, 2019

Brazil's Economy Ministry denied that the government would pay $14 billion to state-controlled oil company Petroleo Brasileiro SA to settle a dispute over an oil-producing zone off the Brazilian coast known as the transfer-of-rights area.The ministry told Reuters in a statement the figure…

Current News

Oil Firms Face Workforce Crunch as Renewables Beckon - Survey

Oil Firms Face Workforce Crunch as Renewables Beckon - Survey

Nexans Wins $738M Italian Subsea Power Cable Contract

Nexans Wins $738M Italian Subsea Power Cable Contract

Norway: Johan Sverdrup Crude Loadings to Drop in January

Norway: Johan Sverdrup Crude Loadings to Drop in January

Keppel, Ørsted in Offshore Substation Pact

Keppel, Ørsted in Offshore Substation Pact

Subscribe for OE Digital E‑News

Offshore Engineer Magazine