New Zealand proposed a ban on oil and gas exploration back in 2018.
This week, the coalition government said it would introduce a bill in Parliament in the second half of 2024 to remove the ban on petroleum exploration beyond onshore Taranaki.
The removal of the ban is aimed at dealing with the energy security challenges posed by rapidly declining natural gas reserves.
US oil and gas drilling company Noble has signed a definitive agreement to acquire Diamond Offshore Drilling in a cash and stock deal.
John Browne, the former head of BP, has seemingly backed a Labour Party pledge to end North Sea oil and gas exploration.
The industry heavyweight, who joined the energy giant as an apprentice in the 1960s, said that plans for the North Sea and the “energy transition” would be important issues at the next election.
With a strong slate of exploration and production activities and competitive licensing rounds in 2024, Africa is well-positioned to realize its potential as the global energy frontier. These bid rounds are poised to cement Africa as a global hub for hydrocarbon development.
Baker Hughes has announced a significant order from Petrobras for workover and plug and abandonment (P&A) services in pre-salt and post-salt fields offshore Brazil.
The Ministry of Natural Resources has raised an alarm over the increase in cases of locals ‘fronting’ for foreign companies, which undermines the Local Content Act, and in some cases, evade taxes that ought to be paid to the Guyana Revenue Authority.
Tubular solutions company Vallourec has secured a contract with Petróleo Brasileiro SA (Petrobras) for the supply of 1,800 metric tons of premium carbon steel tubes with Glass Reinforced Epoxy liners (GRE technology), including Corrosion Resistant Alloy (CRA) accessories.
THE upcoming African Energy Week (AEW) an invest in African energy conference, is set to feature a Just Energy Transition (JET) Summit, bringing together African energy policymakers, industry leaders, community representatives and global investors to develop actionable solutions for building a sustainable energy future.
A new report by non-governmental organisation Earth Insight warns of the dire consequences of continued liquefied natural gas (LNG) development worldwide. The report highlights the endangerment of critically important marine ecosystems and species along the Indian Ocean coastline, along with fueling violent conflict in East Africa.
According to documents presented to the UK House of Commons Environmental Audit Committee in early May, the discovery was made by Russian research vessels in the Weddell Sea, part of the Antarctic territory claimed by the UK. The reserves discovered are estimated to contain some 511 billion barrels of oil, around 10 times the production of the North Sea over the last 50 years.