The US government has slated 359 oil and gas former production sites for safe removal within stringent environmental standards, according to reports.

Unconventional resource production growth will impact global energy markets between now and 2030, but the production of conventional gas in the developing world is still the “big story.”

European offshore operators will face further regulation after Macondo, and major changes to both US and European offshore regimes are coming.

This forum will become an annual dialogue that will promote robust collaboration among stakeholders in safe and environmentally sound operations offshore.

The transition away from an oil-price indexation model is on the horizon for the industry, according to Deloitte partners.

International oil companies operating in South Soudan could begin to restart production by July 2013 if outstanding agreements are implemented quickly between the Sudan and South Sudan governments.

The grounded drillship has been refloated.

Commercial production of LNG is scheduled to begin in 2018 as Eni and Anadarko will jointly develop the 10-train Afguni LNG Project in Mozambique.

Experts say there is potentially up to 600 Tcf of gas to still be found in the country.

Experts touted graphics processing units as a faster, more economical data solution for use in exploration and production operations.