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Shelf , Renewables
How Wind-For-Oil Can Be An Alternative To Shore-Based Electrification
The author traveled to Aker Solutions’ Norwegian facility to discover how wind power can help reduce carbon emissions for oil production.
Shelf , Deepwater , Renewables , Subsea
Leading Offshore Into A Changing Future
OTC kicks off today in Houston and its chairman sees another 50 years of success for offshore energy.
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US Deeply Concerned By Turkey's Intent To Drill Offshore Cyprus
The United States is deeply concerned by Turkey's announced intentions to begin offshore drilling operations in an area claimed by Cyprus as its exclusive economic zone, a State Department spokesperson said on May 5.
Shelf , Legislation
US Judge Rules Against Trump Order Opening Parts Of Arctic, Atlantic To Drilling
Environmental groups filed to block the executive order. Appeal considered likely.
Shelf , Legislation
Trump Administration Offshore Drilling Plan Due 'In Coming Weeks': Official
The Trump administration’s revised five-year program to expand offshore drilling in most federal waters will be released “in the coming weeks,” an Interior Department official said on March 6, after months of opposition from coastal state lawmakers opposed to exposing their shorelines to oil and gas exploration.
Shelf , Legislation , Health, Safety & Environment , Lease Sales
US House Passes Bill Funding Conservation Via Drilling Royalties
The U.S. House of Representatives easily passed a public lands bill that permanently reauthorizes a fund that has funneled billions of dollars into land conservation, paid for by revenues from offshore oil and gas drilling.
Private Equity , Shelf , Acquisitions & Divestitures
North Sea Producer Verus Petroleum Reportedly Up For Sale
The sale process for Verus Petroleum is being run by investment bank Jefferies and could fetch $500 million, according to the sources in a Reuters report.
Shelf , International
Kenya Summons Its Ambassador To Somalia As Territorial Row Escalates
Kenya said it had raised concerns with the Somali government a day before the auction after it noticed blocks in what it considers to be its maritime territory were included in the auction.
Earnings , Shelf , Unconventional , Technology , Acquisitions & Divestitures
Husky Energy Plans $3.4 Billion Capex Program For 2019
The investment is about $300 million less than the company forecast in May and includes reductions resulting from Alberta’s mandated oil production cuts.
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Johan Castberg Construction Begins At Stord
Norwegian minister of petroleum and energy, Kjell-Børge Freiberg, will start cutting the first sheet for the topside of the Johan Castberg vessel at Kværner's yard at Stord on Nov. 21.