Similar to artificial islands where oil and gas are produced in nearby state waters, Hilcorp proposes to build a small artificial gravel island in 19 ft of federal water in the Beaufort Sea, about 20 miles east of Prudhoe Bay, on a 9-acre site.

Brazilian prosecutors plan to investigate the controversial sale in 2015 of the Argentine subsidiary of Petrobras (NYSE: PBR), Brazil's state-controlled oil company, lawyer Felipe Caldeira, said on Aug. 16.

Indonesia’s Pertamina said on Aug. 16 that tax issues related to importing crude oil into the Southeast Asian country could scupper plans by the state oil firm to take stakes in two energy blocks controlled by Russia’s Rosneft.

Several provisions of the sanctions law signed by U.S. President Donald Trump earlier this month target Russia’s energy sector, which produces much of its foreign income, with new limits on U.S. investment in Russian companies.

Petrobras has been authorized to export idle LNG in the spot market, according to the Aug. 9 issue of the Official Gazette.

Chairman Manuel Pangilinan told reporters he was looking to discuss plans to resume PXP’s stalled Reed Bank project in the hotly contested waterway with the Philippine government.

Britain’s market regulator said on Aug. 2 a takeover of Amec Foster Wheeler by oilfield services firm Wood Group could hurt competition.

Technology, regulations and more are required for an effective abandonment and decommissioning strategy for aging offshore facilities.

With the Congressional Review Act deadline having passed in May, Congress’ ability to overturn Obama-era regulations through simple majorities has come to a close.

Halliburton will pay $29.2 million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business in Angola.

ExxonMobil sued the U.S. government on July 20, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft.

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