A pipeline malfunction has forced BP, the UK-headquartered energy giant, to temporarily stop production from a platform at one of the world’s largest gas-condensate fields and the company’s largest gas discovery ever.
The post BP shuts down production…
Shell has decided to write down $400 million, citing technical and geological difficulties encountered at the petroleum exploration license (PEL) 39, as its oil discovery in the Orange Basin off the coast of Namibia cannot be confirmed for commercial d…
Shell, and its partner, Chevron, have boosted their oil and gas arsenal in the U.S. Gulf of Mexico by starting production from a deepwater project more than seven years after the original hydrocarbon discovery.
The post Shell and Chevron cheer first oi…
U.S. President-elect Donald Trump has vowed to undo the offshore drilling ban, sparking a backlash from climate activists, who threaten to take the new Trump administration to court if it attempts to unravel these ocean protections.
The post Legal quag…
North Sea Transition Authority (NSTA) has imposed a penalty of £125,000 on a European affiliate of China’s state-owned oil and gas giant for breaching its venting consent on two separate occasions at a field located 60 miles northeast of Aberdeen.
The …