Britain's energy regulator Ofgem has proposed financial and customer service tests for new suppliers after several smaller energy providers went bankrupt over the last year, it said on Wednesday.Ofgem said the tests should ensure new entrants are robust while encouraging competition in the market…
Oil markets are entering an unprecedented period of uncertainty due to geopolitical instability and a fragile global economy, the head of the International Energy Agency said on Tuesday.Concerned about an emerging production overhang similar to the one that led to a price slump in 2014…
Brazil's right-wing President-elect Jair Bolsonaro said on Monday that certain units of Petroleo Brasileiro could be privatized, even though the state-run company is strategic for the state.Speaking to reporters after his team named Chicago…
Nigerian opposition candidate Atiku Abubakar will seek to boost investment in the country's oil sector if he becomes president next year, according to a draft copy of his manifesto.He plans to reconsider the introduction of bidding rounds for marginal fields and oil blocks…
Norway's offshore safety watchdog said it has launched a probe into a fire that broke out on the West Phoenix mobile drilling unit on Monday.The fire reportedly broke out the West Phoenix mud laboratory while the rig was drilling for Equinor in the Norwegian Sea…
Gabon plans to scrap a 35 percent corporate tax on energy companies as part of a revised hydrocarbons law and has launched a new offshore oil and gas exploration licensing round for 34 blocks, Oil Minister Pascal Ambouroue said on Wednesday…
Norway's Equinor has been given consent from Petroleum Safety Authority Norway to perform exploration drilling of well 36/1-3 on production licence 885, which aims to investigate the Presto Prospect in the North Sea.Drilling is scheduled to begin in December 2018 and last 35 days…
Norway’s Petroleum Safety Authority (PSA) reported today (27 April) that it has found serious deficiencies at the Total-operated Martin Linge project, which is 42km west of Oseberg, Norway. The project is due onstream in 2018. Map of Martin Linge…
Mark Garnier MP, Parliamentary Under Secretary of State, has opened a Mission Control Center developed by ASV Global, an autonomous vessel technology developer, at its headquarters in Portchester, UK. This new center will be the hub…
From 30 January to 3 February 2017, the Petroleum Safety Authority Norway (PSA) carried out an audit of the planning and execution of work on hydrocarbon-carrying systems for Eni's Goliat facility. The audit was a sub-activity of an audit series that will continue throughout 2017…
Detecting accidental oil releases on and around offshore rigs in real-time is crucial in today's offshore market. Offshore oil spill monitoring is now being offered as a service by InterOcean Systems, eliminating the need for facility owners and operators to purchase…
NEL, the flow measurement research and development specialist, has been selected to lead the development of a new multiphase flow measurement standard for the oil and gas industry. Despite the growing use of multiphase meters to cope…
The Bureau of Safety and Environmental Enforcement (BSEE) and US Coast Guard (USCG) signed four revised memorandums of agreement (MOAs) this week in order to improve regulatory collaboration related to the energy industry on the US Outer Continental Shelf (OCS)…
The US Bureau of Safety and Environmental Enforcement (BSEE) and the US Coast Guard are responding to a release of gas and condensate from a pipeline at West Cameron 165 in the Gulf of Mexico, approximately 32mi southwest of Cameron, Louisiana…
The Petroleum Safety Authority Norway (PSA) has carried out audits within several disciplines at Snorre B, which is operated by Statoil. From 24 October to 7 November 2016, the PSA carried out an audit of Statoil's handling of major accident and working environment risk at Snorre B…
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