The decision by the US regulator BSEE to update oil and gas drilling regulations has been met with opposing comments from the American Petroleum Institute (API) and Earthjustice. Following the US Bureau of Safety and Environmental Enforcement’s announcement on the 27th April related to…
UK’s Premier Oil is selling its stake in the Babbage Area in the Southern North Sea off the UK to pay down debt. Verus Petroleum has been revealed as the buyer. Verus will acquire a 47 percent interest in the Babbage gas field, a…
For the biggest US oil explorers, the first quarter was a study in contrasts: Chevron Corporation beat every analyst estimate, while larger rival Exxon Mobil Corporation fell short on both production and profit. The performances underscore the challenges facing the two descendants of John…
India plans to split state-run gas utility GAIL by March next year to create two companies: one marketing gas, and another operating pipelines which can be used by consumers who buy direct from producers, the head of the sector’s regulator said. GAIL (India) Ltd…
The operations to install Norway’s largest pipeline to the Statoil-operated Johan Sverdrup field in the North Sea started outside Mongstad, north of Bergen, late last week onboard the vessel Saipem Castorone. Soon the tip of the first pipe of what will become Norway’s longest…
Basra Oil Company (BOC) has signed contracts with the Chinese company Anton Oilfield Services Group (Antonoil) and the US company KBR to operate and maintain the Majnoon oil field. A statement from the Ministry of Oil put the value of the contracts at US$118…
Royal Dutch Shell said on the 26th April that it would write down its reserves in the Groningen gas field, one of Europe’s largest, following the Dutch government’s decision to phase out production by 2030. The Anglo-Dutch company holds a 50 percent stake in…
A four-person investigative team from the US Chemical Safety Board (CSB) is deploying to the scene of an incident which reportedly injured multiple workers at the Husky Energy oil refinery in Superior, Wisconsin. The refinery was shutting down in preparation for a five-week turnaround…
Hess has reached an agreement with ExxonMobil to acquire a 15% interest in the Kaieteur block offshore Guyana. The transaction has already gone through, with the Guyanese government’s support. The block is 155 miles (250 kilometres) offshore and adjacent to the Stabroek block,…
Construction has started on the facilities for the Husky Energy-operated West White Rose project offshore Newfoundland. Work should be completed in 2021, followed by first oil in 2022, with peak production of 75,000 b/d three years later as more development wells are drilled and…
