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.

May 8, 2019

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.

May 6, 2019


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.

May 6, 2019

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.

March 31, 2019

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.

March 7, 2019

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.

February 27, 2019

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.

February 21, 2019

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.

February 19, 2019

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.

December 20, 2018


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.

November 21, 2018