Norway's minister for oil and energy, Kjell-Boerge Freiberg, will step down from the cabinet on Wednesday, public broadcaster NRK reported, citing anonymous sources.Freiberg's ministry is, among other things, in charge of managing the government's majority stake in oil firm Equinor…
The UK’s latest offshore licensing round has attracted 'considerable interest' despite concerns surrounding domestic oil and gas production amid government commitments to net zero emissions by 2050, the UK Oil & Gas Authority (OGA) said on Monday…
Australian oil minnow FAR Ltd on Monday said it does not expect to receive the final outcome of a long-running dispute with Woodside Petroleum regarding an oil field off Senegal until January or February next year.The arbitration ruling was due by December 28…
Cyprus has petitioned the International Court of Justice (ICJ) in The Hague to safeguard its offshore mineral rights, its president said on Thursday, upping the ante with neighbor Turkey which disputes its claims.Cyprus's internationally recognized…
Big oil companies operating in Mexico have launched a drive to convince leftist President Andres Manuel Lopez Obrador to resume auctions of oil and gas contracts he has branded a failure in reviving the industry.Chevron Corp, Exxon Mobil Corp and Royal Dutch Shell Plc…
Norway's Petroleum Safety Authority Norway (PSA) said it has launched an investigation into an oil leak from the Equinor-operated Statfjord A facility on November 26, 2019.This discharge was detected by the observation of oil on the sea surface alongside the North Sea platform…
Indonesia considers allowing for production sharing oil and gas contracts optionsIndonesia is considering letting energy companies stick with the 'cost recovery' system for oil and gas production sharing contracts, the energy minister said on Monday…
Romania's OMV Petrom is ready to press on with a multibillion euro investment in the giant Black Sea gas project it holds with ExxonMobil once Bucharest's new government lifts regulatory barriers to doing so, it said on Monday.A final investment…
Libya's internationally recognized government and Turkey have signed an agreement on maritime boundaries in the Mediterranean Sea that could complicate Ankara's disputes over energy exploration with other countries.Turkey, which announced the…
NOIA President Erik Milito weighs in after Congressional Democrats introduced the Stop Giving Big Oil Free Money Act, which the lawmakers say will repeal 'a loophole' in the Deepwater Royalty Relief Act of 1995 (DWRRA) that allowed oil and gas…
Malaysia's state of Sarawak filed a writ summons and statement of claim against national energy firm Petroliam Nasional Bhd on Thursday to recover taxes owed, according to media reports.National news agency Bernama reported that the company…
The Turkish oil-and-gas drilling ship Fatih has started its operations off the coast of northeastern Cyprus, Turkish vice president Fuat Oktay said on Friday, despite warnings from European Union for Ankara to stand down.On Monday, the EU Foreign…
Australia's offshore safety watchdog has asked Equinor ASA to modify its drilling plan before it can win approval to explore for oil and gas off South Australia, the regulator said on Monday.Green groups want the regulator to bar Equinor from drilling in the Bight…
Lower prices and increasing competition for investment are driving many African states to make it easier and cheaper for overseas companies to keep their oil and gas output flowing.From Ghana to Gabon, governments are adjusting terms to lure…
The U.S. Department of Energy said on Thursday that President Donald Trump had formally nominated Deputy Energy Secretary Dan Brouillette, a former vice president of Ford Motor Co and Louisiana state energy regulator, to head the department…
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