Federal Waters

Deepwater , International

US Accuses China Of ‘Coercion’ Over Vietnam Offshore Oil

The U.S. has accused China of “coercion” of Vietnam as it seeks to exploit oil and gas in the South China Sea, siding with Hanoi and chastising Beijing in sharp terms over its decision to send Chinese ships to Vietnamese territorial waters.

August 23, 2019

Exploration & Production , Lease Sales

Offshore Operators Exercise Caution During Lease Sale 253

BHP Billiton Petroleum (Deepwater) Inc. had the highest bid of the day at $22.5 million for Green Canyon block 124.

August 21, 2019

Infrastructure

Iraq Says Eni, BP Deal Doesn't Mean Exxon Excluded From Southern Mega-Project

Iraq's oil ministry said on Aug. 10 it was still in talks with Exxon Mobil Corp. over a major deal to improve the country's southern oil infrastructure.

August 10, 2019

Liquefied Natural Gas (LNG) , Emissions , Technology

Chevron Starts Burying CO2 Off Australia At Huge Gorgon Storage Project

Chevron Corp. said on Aug. 8 it has launched one of the world's largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project.

August 8, 2019

Tankers

Iran Says It Seized Tanker After Collision, Operator Says Tanker Was In Compliance

Iran said on July 20 it seized a British-flagged oil tanker because it was involved in an accident, but Britain's foreign minister said he feared Tehran was taking "a dangerous path" and other major European powers expressed alarm.

July 20, 2019

Field Development , Lease Sales

Dominican Republic Opens Doors To First Ever Licensing Round

There were 14 offshore and onshore blocks put up for bidding with a transparent, low-risk contract for investors.

July 11, 2019

Deepwater

Turkey Says Second Ship Set To Drill Off Cyprus

A second Turkish drillship will begin drilling for oil and natural gas in the eastern Mediterranean within a week, Turkey's energy minister said, in a move which that could strain ties with Cyprus over jurisdiction rights for exploration.

July 6, 2019

Lease Sales

Brazil's Petrobras Puts Offshore Gas Fields, Exploration Bloc Up For Sale

Brazilian state-run oil firm Petroleo Brasileiro SA has put its Peroa and Cangoa shallow-water natural gas fields and a deepwater exploration concession known as Malombe in the state of Espirito Santo up for sale, the company said.

July 5, 2019

Acquisitions & Divestitures

Exxon Mobil Seeks Bids For Norwegian Offshore Assets

Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said.
 

June 22, 2019

Investment , Deepwater

Shell To Invest Up To $2.4 Billion In Mexican Deepwater Oil Projects

Mexico's oil regulator on June 13 approved exploration plans for four deepwater areas operated by Royal Dutch Shell , after it gave the green light to five others earlier this week, committing the oil major to invest at least $791 million.

June 13, 2019