Wage talks involving around 8,000 oil drilling workers in Norway broke down on Thursday, labor unions said, raising the risk of strike action that would disrupt oil and gas exploration.The talks between the Norwegian Shipowners' Association (NSA) and the Safe…
The Biden administration on Wednesday said it would scrap three planned sales of offshore oil and gas leases in Alaska and the Gulf of Mexico.In a statement, the Department of Interior said it was not moving forward with an auction for drilling…
Greece could be sitting on tentative recoverable gas reserves of more than 600 billion cubic meters, a senior executive of its hydrocarbons commission said on Thursday, as Athens accelerates gas exploration to cut its reliance on Russian energy…
Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading activities in the first quarter, the company said on Thursday.The post-tax impairments…
French oil major TotalEnergies said Thursday it had made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia.TotalEnergies said that its Venus…
Australian oil and gas company Western Gas expects to spud its 'high-impact' Sasanof-1 exploration well on the North West Shelf offshore Australia in the second quarter of 2022. The company said Thursday it had received all the necessary regulatory approvals for the drilling operation…
A federal judge invalidated the results of an oil and gas lease sale in the Gulf of Mexico on Thursday saying the Biden administration failed to properly account for the auction's climate change impact.The decision has cast uncertainty over the future of the U…
Shell's plan for seismic testing on South Africa's Wild Coast, which critics say threatens dolphins, seals, whales, penguins and other rare sea life, received all necessary environmental approvals, the country's energy minister said in a letter to parliament…
Up until a few days ago, the leadership of British North Sea producer Siccar Point was negotiating the sale of a stake in the promising Cambo oil development to another private equity-backed company, NEO, sources told Reuters.But on Thursday Royal Dutch Shell…
A South African high court on Friday struck down an urgent application brought by environmentalists to stop oil major Royal Dutch Shell from starting seismic surveys to explore for petroleum systems off the eastern seaboard's popular Wild Coast…
TotalEnergies has spudded the Venus-1X offshore exploration well in Namibia's Block 2913B (PEL 56). The well, seen as potentially transformational for the Namibian oil industry, is being drilled in 3,000 meters water depth.The news of the drilling…
The Biden administration proposed a slew of changes on Friday to the nation's federal oil and gas leasing program, including hiking fees on drilling companies and limiting their access to sensitive wildlife and cultural zones.The recommendations…
Australian oil and gas company Western Gas has signed a formal contract with offshore drilling firm Valaris for the MS-1 semi-submersible rig to drill the Sasanof-1 exploration well.The Sasanof-1 exploration well is in permit WA-519-P in Commonwealth waters about 207 km northwest of Onslow…
Woodside Petroleum slashed its gas reserves estimate for two fields at the Wheatstone project on Thursday, in an unexpected downgrade that knocked the top Australian oil and gas company's shares.The company also said it was on track to sell…
Nearly 90 countries have joined a U.S.- and EU-led effort to slash emissions of the potent greenhouse gas methane 30% by 2030 from 2020 levels, a pact aimed at tackling one of the main causes of climate change, a senior Biden administration official said…
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