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Asian Oil & Gas Regulations - page 11

 

Husky Gets Regulatory Approvals to Buy MEG

Dec 18, 2018

Canadian oil and gas producer Husky Energy Inc said on Tuesday it has received regulatory approvals to buy rival MEG Energy Corp, but MEG has yet to agree on the deal.In October, Husky made an unsolicited formal offer to buy MEG Energy in a deal valued at C$6…

Mexico Targets 50% Jump in Oil Output

Dec 17, 2018

Mexico aims to lift oil and gas production by almost 50 percent in the next six years and in January will award infrastructure and drilling contracts to develop 20 fields, state oil firm Petroleos Mexicanos said on Saturday.Octavio Romero, chief…

Brazil Council Approves Sixth Round Pre-salt Auction

Dec 17, 2018

The Brazilian energy advisory council on Monday approved the sixth-round auction for Brazil's coveted pre-salt offshore oil area to be held next year, the energy ministry said.The auction will include the two new blocks of Southwest Sagittarius…

Norway Postpones Decision on Arctic Oil Terminal

Dec 14, 2018

The Norwegian government has postponed a decision on whether to mandate the construction of an oil processing terminal near the Arctic tip of northern Europe until the third quarter of next year, it said on Friday.If built, the onshore Veidnes…

Brazil Reaches Deal with Petrobras Over Transfer of Rights Area

Dec 12, 2018

The Brazilian government has reached an agreement with state-controlled oil company Petróleo Brasileiro SA over the so-called transfer of rights area, Finance Minister Eduardo Guardia said on Wednesday.Guardia declined to disclose values nor who is owed what under the terms of the agreement…

Mexico President's Pemex Plans Rattle Debt-holders

Dec 11, 2018

Mexican President Andres Manuel Lopez Obrador's declaration of war on 'neo-liberal' economics has shaken investors holding Petroleos Mexicanos bonds, fueling concern about the future of the highly-indebted state oil company he has pledged to revive…

Chevron Gets Green Light for Captain EOR

Dec 11, 2018

Energy giant Chevron announced Tuesday it has received approval from the U.K. Oil and Gas Authority (OGA) to move ahead with its plans for an Enhanced Oil Recovery (EOR) project that aims to unlock millions of extra barrels of oil and extend the life of the long-producing Captain field in the U…

Eni Must Improve Safety in the Arctic -Norway Watchdog

Dec 11, 2018

Italian oil company Eni must do more to improve safety at its Arctic Goliat oilfield, which produces up to 100,000 barrels of crude per day, Norway's oil safety watchdog said on Tuesday.The world's northernmost oilfield has suffered a number of incidents since it started production in March 2016…

UKCS Still Worth Investment Despite Brexit -Equinor

Dec 10, 2018

Norwegian oil and gas firm Equinor will remain committed to the mature British continental shelf regardless of the country's plans to leave the European Union, a senior executive told Reuters.British Prime Minister Theresa May abruptly decided…

Oil Surges 5 Percent

Dec 03, 2018

Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer club OPEC that is expected to cut supply.U.S. light crude oil rose $2…

Incoming Petrobras CEO: No Decision Yet on Future Pre-salt Auctions

Nov 23, 2018

No decision has yet been taken on the types of contract to be offered in Brazil's pre-salt deep water oil auctions, the incoming head of Petroleo Brasileiro SA said on Thursday, adding that fuel price policy is still being discussed.(Reporting by Mateus Maia Editing by Marguerita Choy)

UK Energy Watchdog Proposes Tests for New Suppliers

Nov 21, 2018

Britain's energy regulator Ofgem has proposed financial and customer service tests for new suppliers after several smaller energy providers went bankrupt over the last year, it said on Wednesday.Ofgem said the tests should ensure new entrants are robust while encouraging competition in the market…

Oil Markets Face Unprecedented Uncertainty

Nov 20, 2018

Oil markets are entering an unprecedented period of uncertainty due to geopolitical instability and a fragile global economy, the head of the International Energy Agency said on Tuesday.Concerned about an emerging production overhang similar to the one that led to a price slump in 2014…

Petrobras Units Could be Sold Under New CEO

Nov 19, 2018

Brazil's right-wing President-elect Jair Bolsonaro said on Monday that certain units of Petroleo Brasileiro could be privatized, even though the state-run company is strategic for the state.Speaking to reporters after his team named Chicago…

Russia's Novak Plans to Sign OPEC Partnership Deal

Nov 19, 2018

Russian Energy Minister Alexander Novak said on Monday that the country was planning to sign a partnership agreement with the Organization of the Petroleum Exporting Countries (OPEC) and that it would be discussed at OPEC's December 6 meeting…

Current News

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ExxonMobil Selling Malaysia Oil and Gas Assets to Petronas

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FPSO Bacalhau Becomes World’s First Newbuild with DNV Emissions Abatement Notation

South Korea's SK Innovation Agrees Merger with SK E&S as Part of Overhaul

South Korea's SK Innovation Agrees Merger with SK E&S as Part of Overhaul

CNOOC’s Ultra-Deep Well in Bohai Bay Outperforms Target

CNOOC’s Ultra-Deep Well in Bohai Bay Outperforms Target

LNG Exports from Russia's Yamal LNG Slowing

LNG Exports from Russia's Yamal LNG Slowing

ADIPEC Technical Conference Receives Record-breaking 5,977 Submissions

ADIPEC Technical Conference Receives Record-breaking 5,977 Submissions

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