Offshore

Auto Added by WPeMatico

States Sue U.S. to Block Rule That Oil Firms Guarantee Payment to Dismantle Old wells

Energy Topics & Technology, Latest, Offshore, US News / By

Texas, Louisiana and Mississippi on Monday sued the U.S. government to block the Biden administration’s proposed rule that would require the offshore oil and gas industry to provide nearly $7 billion in financial assurances to cover costs of dismantling old infrastructure. The rule, which would take effect later this year, will predominantly affect smaller companies …

States Sue U.S. to Block Rule That Oil Firms Guarantee Payment to Dismantle Old wells Read More »

New Zealand Set to Scrap Oil, Gas Exploration Ban in Second Half

CDN and International News, Energy Topics & Technology, Latest, Offshore / By

Government says reversing the ban will bolster energy security Green Party labels the move a backward step for climate aims New Zealand’s government is pressing ahead with plans to lift a ban on offshore petroleum exploration, citing energy security challenges from “rapidly” declining natural gas reserves. Gas is “critical” for the economy during periods of …

New Zealand Set to Scrap Oil, Gas Exploration Ban in Second Half Read More »

North Sea Firms Postpone Oilfield Opening After Early UK Election Called

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil / By

Three British energy companies have decided to delay by a year the planned start of oil production at their joint-venture oilfield in the North Sea, citing the need for clarity on the fiscal policies of the next government. Jersey Oil and Gas, which owns 20% of the Buchan field, gave the update on Wednesday on …

North Sea Firms Postpone Oilfield Opening After Early UK Election Called Read More »

Chevron Prepares for North Sea Exit After More Than 55 Years

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

(Reuters) – Chevron said it is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the U.S. energy giant’s exit from the ageing basin after more than 55 years. The planned divestment, confirmed to Reuters on Thursday, comes as Chevron prepares for the $53 …

Chevron Prepares for North Sea Exit After More Than 55 Years Read More »

Biden, BP and the High-Stakes Sequel to Deepwater Horizon

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

The British petroleum giant is back in the Gulf of Mexico as the US gets stuck between the black stuff and going green By Javier Blas Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” …

Biden, BP and the High-Stakes Sequel to Deepwater Horizon Read More »

Environmentalists Protest as Biden Administration Approves Huge Oil Export Terminal Off Texas Coast

Energy Topics & Technology, EnergyNow News and Press Releases, Latest, Offshore, US News / By

WASHINGTON (AP) — In a move that environmentalists called a betrayal, the Biden administration has approved construction of a deepwater oil export terminal off the Texas coast that would be the largest of its kind in the United States. The Sea Port Oil Terminal being developed off Freeport, Texas, will be able to load two …

Environmentalists Protest as Biden Administration Approves Huge Oil Export Terminal Off Texas Coast Read More »

AccuWeather Forecasts Near-Record Storms this Atlantic Hurricane Season

Energy Topics & Technology, Latest, Offshore, US News / By

U.S. private forecaster AccuWeather expects an above-average 2024 Atlantic hurricane season with a near-record number of storms and a greater than usual risk of direct impacts in parts of Florida, Texas and the Carolinas, it said on Wednesday. This year’s hurricane season, potentially one of the most active in history, begins on June 1, but …

AccuWeather Forecasts Near-Record Storms this Atlantic Hurricane Season Read More »

Oil Industry, Green Groups Challenge Biden Offshore Drilling Plan

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, Tri-Pinned, US News / By

(Reuters) – Oil and gas companies and environmental groups on Monday filed dueling legal challenges to the Biden administration’s five-year plan to offer drilling leases in the Gulf of Mexico. The petitions to a U.S. appeals court come four months after the Interior Department unveiled a congressionally-mandated plan for offshore leasing that included just three sales, the …

Oil Industry, Green Groups Challenge Biden Offshore Drilling Plan Read More »

More Oil Tankers shun Southern Red Sea After U.S.-led Strikes in Yemen

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil / By

At least six further oil tankers have either diverted their course away from, or paused before entering the southern Red Sea since the weekend, ship tracking data from LSEG and Kpler show. That takes the total number of shipping disruptions counted by Reuters to at least fifteen in total since the U.S.-led strikes on Houthi …

More Oil Tankers shun Southern Red Sea After U.S.-led Strikes in Yemen Read More »

Norway’s Oil and Gas Companies to Step Up Exploration This Year

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Offshore, Oil / By

Country seeks to maintain position as a key supplier to Europe As many as 50 wells are expected to be drilled: directorate Norwegian oil and gas companies will drill more exploration wells this year as the country seeks to maintain its position as a key supplier to Europe. Between 40 and 50 wells are expected to be …

Norway’s Oil and Gas Companies to Step Up Exploration This Year Read More »

Subscribe
Subscribe