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Asia Eyes Australia Blueprint as $100B Oil and Gas Decommissioning Bill Looms

Sep 08, 2021

Australia has passed legislation that could set a precedent for who pays to clean up the fossil fuel industry in Asia, making former owners of oil and gas fields responsible for the costs of dismantling facilities if later owners fail.The new…

Court Orders Alaska Regulator to Probe Hilcorp Pipeline Leak

Sep 08, 2021

Alaska regulators must probe a Hilcorp Energy Company pipeline that has repeatedly leaked natural gas into Cook Inlet, the state Supreme Court ruled on Friday.The court said the Alaska Oil and Gas Conservation Commission improperly rejected…

Unique Group Partners Up with GoSubsea in Norway

Sep 08, 2021

UAE-based subsea equipment maker Unique Group has appointed GoSubsea, a recently formed subsea equipment and service firm based in Norway, as its survey equipment agent for the Scandinavian region. The agreement will see GoSubsea offer a full…

Penspen Reels In $70M Worth of Middle East and Africa Contracts

Sep 08, 2021

Energy services firm Penspen said Wednesday it had recently secured more than $70 million worth of contracts in Middle East and Africa so far this year.The company’s Project Management Consultancy (PMC) service line has secured more than $50 million from five new…

Delta Offshore Energy's Vietnam Project Gets Environmental Approval

Sep 08, 2021

Delta Offshore Energy said Tuesday it had secured the environmental approval for the LNG to Power Project, the 3.2 GW power plant, and LNG Terminal in Bac Lieu, Vietnam.'Environmental Impact Assessment (EIA) is an extremely important key regulatory…

Stronger Storms Test Aging U.S. Offshore Oil Platforms and Pipelines

Sep 08, 2021

Stronger hurricanes threatening the U.S. Gulf Coast energy hub are elevating the risks of oil spills from damage to area refineries, oil platforms and subsea pipelines, say experts.On Monday, the U.S. Coast Guard said it was investigating nearly…

Saudi Aramco Unit Wins Guyana Oil Tender

Sep 08, 2021

Guyana awarded a unit of Saudi Aramco a tender to purchase a portion of the country's oil production, and the two parties will likely enter into a one-year marketing deal, an official said on Tuesday.The South American country last month received…

Ørsted, ATP Picks Leading Contractors for Danish Energy Island Bid

Sep 07, 2021

Denmark-based offshore wind developer Ørsted and ATP, Denmark’s largest institutional investor, have teamed up to bring leading offshore construction specialists to Denmark to support their bid for the North Sea energy island.Back in February…

Mexico Could Use IMF Funds to Pay Pemex Debt

Sep 07, 2021

Mexican President Andres Manuel Lopez Obrador said on Monday his government is tackling the debt burden of state oil company Petroleos Mexicanos (Pemex) and hinted he would try to use funds from the International Monetary Fund (IMF) to do so…

Aquaterra Energy to Deliver Multiple Offshore Platforms for 'Supermajor' in Angola

Sep 07, 2021

Offshore engineering firm Aquaterra Energy has signed an engineering and design service agreement with an unnamed 'supermajor' to deliver multiple offshore platforms over a three-year period. The platforms, of Aquaterra Energy's Sea Swift design…

Peterson Names CEO Successor

Sep 07, 2021

Energy industry logistics provider Peterson said Tuesday that Sarah Moore would succeed Erwin Kooij as CEO, after he retires on January 1, 2022.Moore has been with Peterson since 2009, serving in a variety of key roles, including Innovation and Projects Director and…

Chariot to Use Stena Don Drilling Rig for Anchois Well in Morocco

Sep 07, 2021

Oil and gas company Chariot has signed a contract with offshore drilling firm Stena Drilling to use its Stena Don drilling rig for the Anchois gas appraisal well within the Lixus licence, offshore Morocco.Drilling operations are expected to…

ADNOC to Sell 7.5% Stake in Drilling Unit's IPO

Sep 07, 2021

ADNOC Drilling said on Monday it intended to list on the Abu Dhabi bourse, with its parent company Abu Dhabi National Oil Co (ADNOC) selling a minimum 7.5% stake in an initial public offering (IPO).This is the second public flotation of a company…

Australia: Western Gas Finds Drilling Partner for Sasanof-1 Offshore Well

Sep 07, 2021

Australian oil and gas company Western Gas, the operator of the offshore Exploration Permit WA-519-P in W. Australia, has found a partner to fund part of the drilling costs for the Sasanof-1 offshore exploration well.The partner is the ASX-listed Global Oil and Gas Limited…

Talos Energy Disputes Mexico's Selection of Pemex as Zama Field Operator

Sep 06, 2021

U.S. oil firm Talos Energy has filed notices of dispute to the Government of Mexico over decisions taken by Mexico's Ministry of Energy  ('SENER'), which awarded the rights to the Zama offshore oil discovery to the Mexican national oil company Pemex…

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