Latest News for: Offshore exploration


Kufpec announces first offshore exploration discovery

Gulf Daily News 27 Jan 2022
This discovery marks the first operated offshore exploration discovery for Kufpec and demonstrates Kufpec’s growth and potential as an operator of offshore oil and gas projects, consistent with the Kufpec 2040 Strategy.

Lawsuit seeks to block new oil drilling offshore of California

LA Daily News 27 Jan 2022
When the Trump administration explored the possibility of offering new oil leases offshore of California, its analysis was based on the assumption that an oil spill is unlikely and that if it did occur it would be limited to 8,400 gallons, according to the suit ... Monsell said the federal suit was part of an effort to phase out all offshore drilling.

Malaysia's Petronas offers 14 exploration blocks, discoveries, late-life assets

Reuters 27 Jan 2022
KUALA LUMPUR, Jan 27 (Reuters) - Malaysia's state energy firm Petronas said it was offering 14 offshore exploration blocks, six clusters of discovered resource opportunities (DRO), and one cluster of late-life assets (LLA) in its annual bid exercise launched on Thursday.

Australian energy firm Woodside to withdraw from Myanmar

Beijing News 27 Jan 2022
Perth , January 27 (ANI) ... Woodside in a statement on Thursday said they have operated in Myanmar since 2013, conducting multiple exploration and drilling campaigns ... "In 2021 Woodside completed the relinquishment of exploration permits covering offshore Blocks AD-2, AD-5 and A-4 and is in the process of withdrawing from Blocks AD-6, AD-7 and A-7.

Woodside joins the Myanmar exodus

Upstream Online 27 Jan 2022
The Australian company has operated in Myanmar since 2013, conducting multiple offshore exploration and ...

Offshore wind farms could help capture carbon from air and store it long-term – using ...

Hastings Tribune 26 Jan 2022
(THE CONVERSATION) Off the Massachusetts and New York coasts, developers are preparing to build the United States’ first federally approvedutility-scale offshore wind farms – 74 turbines in all that could power 470,000 homes. More than a dozen other offshore wind projects are awaiting approval along the Eastern Seaboard.

How the Upstream Petroleum Resources Development Bill is fuelling SA’s economic potential

Independent online (SA) 26 Jan 2022
The UPRDB introduces a separation of the upstream petroleum exploration and production sector from the mining sector, which is currently regulated under the Mineral and Petroleum Resources Development Act, No 28 of 2002 (MPRDA) ... terms of both the exploration and production phase.

Largest Asian Deepwater FPSO Gets 6-Year Extension

Rigzone 26 Jan 2022
Thailand's PTT Exploration & Production (PTTEP) has extended a charter contract for the FPSO Kikeh, which is operating offshore Malaysia ... .

Equinor gets the go-ahead for drilling ops in Barents Sea

Offshore Energy Today 26 Jan 2022
Equinor has received consent from Norway’s offshore regulator for exploration drilling in the Barents Sea, using one of Transocean’s rigs. The post Equinor gets the go-ahead for drilling ops in.. ... .

Faster top-up mode mulled for cross-border payments

Hong Kong Standard 26 Jan 2022
Previous Next. Staff reporter ... He also said in a forum yesterday that the government will continue to explore with mainland authorities the construction of offshore yuan infrastructure to further promote the internationalization of the yuan, including allowing investors to trade Hong Kong stocks in yuan without having to exchange the currency ... .

Guest op-ed: Dubai islands in Utah Lake — a dubious project

Provo Daily Herald 26 Jan 2022
CourtesyJohn Bennion. By now, you’ve probably heard that a company is proposing to build islands in Utah Lake — like those offshore from Dubai. Utah Lake is not the Persian Gulf, but I decided to explore how the Dubai Islands are doing. This might be good to know before we allow someone to mess in a significant way with the geography of our lake ... .

ADSW 2022 delivers global vow to accelerate climate action

Gulf Daily News 26 Jan 2022
Masdar also announced an agreement with Cosmo Energy Holdings Co, one of Japan’s largest energy companies, to explore the development of renewable energy initiatives, including offshore wind projects, in the Far East nation. .


Olean Times Herald 26 Jan 2022
NEW YORK, Jan ... ("Oak Street" or the "Company") (NYSE. OSH) between August 6, 2020, and November 8, 2021, inclusive (the "Class Period") ... Oak Street purportedly operates primary care centers within the United States ... Specifically, Defendants failed to disclose to investors that ... Bigin ... Driven by increasing offshore exploration and production investments .

Shell strikes oil and gas in Namibia, say sources

Business Day 25 Jan 2022
Shell holds a 45% stake in the offshore Petroleum Exploration License 39 (PEL 39) with a 45% interest held by Qatar Petroleum and a 10% held by the National Petroleum Corporation of Namibia (Namcor) ... TotalEnergies started drilling in December the Venus-1 exploration well in the nearby Block 56 at a depth of 3,000m. .

Shell hits oil and gas in Namibian offshore well

Reuters 25 Jan 2022
Shell holds a 45% stake in the offshore Petroleum Exploration License 39 (PEL 39) with a 45% interest held by Qatar Petroleum and a 10% held by the National Petroleum Corporation of Namibia (NAMCOR) ... But in recent years interests in its offshore prospects have attracted many ...