Noble Corporation has found a buyer for five jack-up rigs in a move that could alleviate concerns raised by the UK Competition and Markets Authority.Namely, the CMA said in April it had found that Noble Corp. and Maersk Drilling merger - first…
Nigeria's Senate said on Wednesday it will investigate oil company Shell Plc over alleged illegal extensions of oil exploration leases and is seeking a refund of $200 million which it said accrued over the period.The upper house of parliament…
The American Petroleum Institute, the top U.S. oil lobby organization, on Tuesday urged President Joe Biden’s administration to lift a slew of restrictions on fossil fuel development to help ease soaring energy prices.The request underscores…
Ecuadorean state-run oil company Petroecuador on Thursday announced two auctions, hoping to attract private company bids for a flagship offshore natural gas field and a contract to modernize the Esmeraldas refinery.Petroecuador is seeking a…
Colombia's leftist firebrand presidential candidate Gustavo Petro is too close in recent polls for the comfort of oil companies and miners who worry that his promised policies would imperil Colombia's economy and energy self-sufficiency, high-ranking industry figures and business associations said…
The U.S. government cannot issue any drilling permits that authorize the use of hydraulic fracturing and acidization off the coast of California until it issues a full Environmental Impact Statement, a federal appeals court held Friday.The 9th U…
The UK government on Friday appointed Tim Pick as the UK's first Offshore Wind Champion, as a £160 million (around $199,6 million) floating offshore wind fund opens for expressions of interest.'Ambitious plans to expand offshore wind around…
The Biden administration will propose a new five-year plan for offshore oil and gas development by June 30, the date when the current plan expires, Interior Secretary Deb Haaland said on Thursday.The announcement comes as the administration…
The European Parliament urged that former German Chancellor Gerhard Schroeder be blacklisted if he does not quit the board of Russian state-owned oil company Rosneft ROSN.MM in a move also meant to dissuade him from taking a top job at Gazprom GAZP…
After years of stalling, Romanian lawmakers approved legislation on Wednesday to reduce taxes on future income from offshore gas projects, hoping it would unlock investment in the Black Sea to extract its sizeable reserves.As Europe grapples with an energy crisis amid the war in Ukraine…
U.S.-based oil producer Talos Energy has temporarily suspended pursuit of an arbitration claim against Mexico amid high-level talks over one of the country's flagship offshore projects, five people close to the matter said.The dispute erupted…
Erik Milito, president of the U.S. National Ocean Industries Association, said this week that the U.S. government's decision not to hold offshore oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet was expected, but also 'devastating to Americans…
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…
British Prime Minister Boris Johnson said on Thursday he did not believe a windfall tax on global energy firms was the right way forward and he wanted to ensure the government did not deter investment by energy companies.A spike in oil prices…
On Wednesday, French oil & gas major TotalEnergies and U.S. utility Duke Energy were declared provisional winners of the two lease areas auctioned by BOEM, the federal agency in charge of offshore wind area leasing and project permitting. Whilst…
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