Mexico will alter terms of oil blocks being auctioned this year in response to criticism from prospective bidders that crude’s rout made original requirements onerous.
The Government of Côte d’Ivoire applied for provisional measures to be ordered in Ghana’s maritime boundary dispute with Côte d’Ivoire.
The project entails a new wellhead platform and drilling rig (Platform C) and adds about 250 MMbbl in recoverable resources to Peregrino field.
Regulators are working out the details of the agreement as lease sales approach on both sides of the border.
Crude prices have dropped almost 50% from a June peak as OPEC refused to cut production and U.S. output reached a three-decade high.
Shell will continue to hold the Pierre River mining leases and will reapply for regulatory approval “when the time is right,” Shell Canada President Lorraine Mitchelmore said in a statement Monday.
The Interior Department’s first Arctic-specific drilling rules respond to mishaps that plagued Shell as it sought oil north of Alaska three years ago.
Total Safety said this makes it the only company approved to perform flare inspections on land using drones.
An Israeli government panel recommended that Delek Group Ltd. and Noble Energy Inc. sell part of their stakes in the offshore Tamar gas field.
China may merge its state-owned oil companies to create giants that will be more efficient and capable of taking on overseas rivals like Exxon Mobil Corp., the Wall Street Journal reported.
Given lower oil prices, Mexico is carefully choosing which fields will be part of each round.
First oil is planned for late 2019.