The US offshore oil industry has launched a new public relations campaign to...
- Campaign promotes oil and gas exploration offshore Florida
- ExxonMobil to acquire a 30% stake in PEL 44 offshore Namibia
- Oil spills in the ocean: why the Arctic is particularly vulnerable
- China to lead $5bn Iran gas field development in light of US sanctions
- Treaty on maritime rights to boost Caspian Sea oil and gas extraction
Campaign promotes oil and gas exploration offshore Florida
The US offshore oil industry has launched a new public relations campaign to promote oil exploration offshore Florida. The Explore Offshore campaign, led by the American Petroleum Institute, kicked off in June this year and held its first Florida event on Wednesday.
Norway’s approves exploration well drilling by Equinor and Wintershall
Norway's Petroleum Safety Authority (PSA) has granted approvals to Equinor and Wintershall to drill exploration wells 35/11-22 S and 6706/6-2, respectively.
Oil prices increase as global oil market remains steady
Oil prices have increased as global markets steadied, regaining some of the previous losses of 2%.
ExxonMobil to acquire a 30% stake in PEL 44 offshore Namibia
Oil giant ExxonMobil has completed an agreement with Namibia’s Azinam to acquire a 30% stake in PEL 44. Credit: Ji-Elle.
Oil spills in the ocean: why the Arctic is particularly vulnerable
As global warming opens the Arctic for new oil exploration and shipping prospects, why is the region's unique climate vulnerable to oil spills in the ocean?
Quarterly oil and gas industry contracts review – Q2 2018
The upstream sector accounted for a reported 60% of the total awarded contracts, with 528 contracts in Q2 2018.
China to lead $5bn Iran gas field development in light of US sanctions
State-owned China National Petroleum Corporation (CNPC) is expected to lead the $5bn Iran gas field development project, after US sanctions have forced French energy giant Total to halt operations.
Treaty on maritime rights to boost Caspian Sea oil and gas extraction
Five Caspian Sea states have reached an agreement on sovereign maritime borders, which allows each country to lay oil and gas pipelines offshore without requiring prior consent from every other nation.
Barclays describes offshore oil drillers as ‘most overvalued group’
Barclays analyst J David Anderson has found that shares in offshore drilling companies have risen 40% since March, describing them as the ‘most overvalued group’ in the Barclays ‘coverage universe’.
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