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Sea oil
Oil Field
UK Eases North Sea Oil and Gas Licensing for Existing Fields
The UK Government has adjusted its North Sea oil and gas licensing policy in the latest Budget, allowing new production licences where activities are tied to ex…
Oil Field
More Time for UK Operator to Breathe Life Into Two North Sea Oil Discoveries
UK-based oil and gas company Orcadian Energy has secured an extension for Phase B of its P2482 license, allowing continued development of the Elke and Narwhal o…
Natural Gas
North Sea Operator Takes Steps to Boost Its Stake in UK’s Largest Gas Field
Ithaca Energy, a UK North Sea oil and gas operator, has signed an agreement to acquire an additional 46.25% operated interest in the Cygnus gas field from Spiri…
Oil&Gas Drilling
BP Plans to Explore for New Oil in Azeri Caspian Sea
BP (BP.L), plans to explore for new oil fields in the Azeri Caspian Sea, BP's upstream chief Gordon Birrell told.Logo of British Petrol BP is seen at petrol…
Russian
Krasnodar Declares Regional Emergency as Black Sea Oil Spill Cleanup Stalls
Authorities in southern Russia’s Krasnodar region have declared a regionwide state of emergency as cleanup efforts for an oil spill along the Black Sea co…
Oil Field
China’s CNOOC Brings Bohai Sea Oil Field on Stream
Illustration (Credit: CNOOC)China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at Suizhong 36-2 oil…
Oil&Gas Drilling
UK Likely To Unlock £10 Billion Worth Of North Sea Oil & Gas With Encouraging Fiscal Regime, Woodmac Finds
Given the rising focus on energy security, Wood Mackenzie, an energy intelligence group, has pointed out that the United Kingdom (UK) could get its hands on an …
France
Totalenergies Pilots Floating Offshore Wind Project for North Sea Oil and Gas Platform
The Culzean oil and gas field is one of TotalEnergies’ flagship offshore facilities. Credit: TotalEnergies.Multinational energy and petroleum company TotalEner…
Oil & Gas Trade
Shell and Exxonmobil JV Cuts a Deal With Canadian Firm to Give up Its North Sea Oil & Gas Business for $180 Million
Canada’s Tenaz Energy, a public energy company focused on the acquisition and development of international oil and gas assets, has set the stage to become…
Oil & Gas Trade
India ONGC to Pay Equinor $60 Mln for Stake in Caspian Sea Oil Assets
Cows graze next to an Oil and Natural Gas Corp's (ONGC) well in an oil field on the outskirts of Ahmedabad, India, September 8, 2016. Picture taken Septembe…
Oil Field
SUBSEA7's New Multibillion-Dollar UK Gig Brings It More Work in North Sea Oil & Gas Arena
Luxembourg-domiciled Subsea7 has tucked a new assignment in the UK under its belt, which will enable it to work on the development of a field that will be tied …
Oil Field
North Sea Energy Firms Look Beyond UK After Tax Squeeze
Aerial view of the Gullfaks C oil platform, North Sea, August 23, 2023. REUTERS/Nora Buli/File Photo Purchase Licensing RightNorth Sea oil and gas producers are…
Oil&Gas Drilling
Exclusive: Chevron Prepares for North Sea Exit After More Than 55 Years
Chevron (CVX.N), opens new tab said it is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the U.S. energy gia…
Offshore Wind Power
Romanian Oil & Gas Company Plans to Build 3 GW of Offshore Wind in Black Sea
Romania’s independent energy company Black Sea Oil & Gas (BSOG) has completed an offshore wind feasibility study of potential areas in the Romanian sector…
Oil & Gas Trade
British Regulator Awards More North Sea Oil and Gas Licences
Britain's oil and gas regulator on Friday awarded 31 new hydrocarbon exploration licences as part of efforts to extend production in the ageing basin.The li…
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