BP will pay Transocean $125 million in legal fee compensation. Halliburton, which provided Macondo cementing services, reached a claim settlement with BP, Bloomberg said. Transocean owned the Deepwater Horizon rig.

Bloomberg said Europe’s largest oil companies are forming a joint strategy on climate change. Climate change-related policies can affect industry operations. Natural gas—the most-used fossil fuel—pollutes the least. 

On Feb. 18, hydrocarbons were found in the platform’s process module after reports of noise and vibrations. Condensate leaked out at about 8kg/second. There were no personnel in the area.

Next phase of Mexico’s Round One includes an offering of 26 onshore conventional fields in Burgos, Tampico-Misantla and Salinas-Sureste basins. This round’s qualification criteria differ from the shallow-water development round. 

Almost all Nigeria’s 184Tcf of gas reserves were found while searching for crude, Bloomberg said. Separate gas asset leases will provide opportunities for gas exploration companies, according to an expert.

The production license is valid until 2035 and covers about 50 sq km. Morskaya Field might  hold 157Mboe in gross contingent resources. 

LLC Petroresurs owns the field. 

Canada’s Environment Minister Leona Aglukkaq announced new greenhouse-gas emissions regulations pledge, Bloomberg said. Oil and gas sector will have new methane regulations to cut emissions by about one-third by 2030. 

Erin Energy is operator of the A2 and A5 blocks with 100% interest. The A2 and A5 blocks are located about 48 km (30 miles) offshore and on-trend with the recent FAN-1 and SNE-1 oil discoveries offshore Senegal.

The Queensland Government has put 11,000sqkm of exploration acreage up for grabs, with most of the available land concentrated in the prospective Cooper and Eromanga Basins.

The Interior Department approved Royal Dutch Shell Plc’s two-rig, six-well plan in the Chukchi Sea, Bloomberg said. Arctic seas contain 24Bbbl of oil, the U.S. Geological Survey said.

Delfin LNG LLC's application to the Maritime Administration and United States Coast Guard concerns the country’s first LNG export deepwater port project. It will be about 50 miles offshore Cameron Parish, La.  

South Africa’s semi-desert Karoo region may hold as much as 390 trillion cubic feet of shale gas, which the government wants to tap to alleviate energy shortages, Bloomberg said.