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

Shelf , Liquefied Natural Gas

Poland's PGNiG To Buy Stake In Norwegian Gas Field From Equinor

State-run Polish gas firm PGNiG has agreed to buy Equinor's 42.38% stake in the Tommeliten Alpha gas and condensate field on the Norwegian Continental Shelf for $220 million, as part of its plan to diversify supplies, PGNiG said on Oct. 18.

October 18, 2018

Liquefied Natural Gas , Natural Gas , Shelf

Woodside Aims To Sign-off On Browse Gas Project In 2020

Woodside Petroleum Ltd. on Oct. 18 said it was aiming to bring forward the target date for approving the Browse gas project off northwest Australia by a year to 2020.

October 18, 2018

Shelf , Legislation

US States Opposed To Offshore Drilling Find Hope In Zinke's Words

Interior Secretary Ryan Zinke has hinted to at least six coastal states that he will keep their waters out of a looming plan to expand U.S. offshore drilling, telling some they lack enough oil to be included anyway.

October 17, 2018

Shelf , Digital Oilfield

First Unmanned Platform On Norwegian Continental Shelf Comes Onstream

The Oseberg Vestflanken 2 field in the North Sea came onstream on Oct. 14

October 15, 2018

Crude Oil , Natural Gas , Shelf , Technology

US Gulf Of Mexico Oil, Gas Output Returning To Normal Post Storm

U.S. Gulf of Mexico oil and gas production is returning to near normal levels after Hurricane Michael made landfall on the Florida Panhandle last week, data from an offshore regulator showed on Oct. 13, with oil output off 19% and natural gas production down less than 10%.

October 15, 2018