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.
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.
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.
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.
The investment is about $300 million less than the company forecast in May and includes reductions resulting from Alberta’s mandated oil production cuts.
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.
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.
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.
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.
The Oseberg Vestflanken 2 field in the North Sea came onstream on Oct. 14