Monday, August 18, 2025

Norway Offers New Acreage on its Continental Shelf for the First Time Since 1994

2011 treaty opens up new areas of exploration offshore Norway The Norwegian Ministry of Petroleum and Energy is expected to announce the rewards of the 23rd licensing round on the Norwegian continental shelf (NCS) late in the first half of 2016. The 23rd licensing round will include the first new acreage on the NCS offered by Norway since 1994. The

Oil & Gas 360 - NatGas pipeline

Amendments to Strengthen Natural Gas Pipelines Pass Senate Committee

Amendments address safety of natural gas pipelines and transparency related to oil spills The Senate Commerce, Science and Transportation Committee today included three amendments when it passed pipeline reauthorization legislation (S. 2276). Two of the amendments by Massachusetts Sen. Ed Markey address “lost and unaccounted for natural gas from aging, leaky pipelines,” according to a statement from Sen. Markey’s office. “A

U.S. Looks to Sell 174 Million Barrels from the SPR between 2017-2025

Recently enacted laws call for the sale of SPR oil to reduce the budget deficit and fund new infrastructure projects The Strategic Petroleum Reserve (SPR) is a U.S. Government complex of four sites with deep underground storage caverns created in salt domes along the Texas and Louisiana Gulf Coasts. The caverns have a design capacity of 714 million barrels and store emergency

GE Said to Be in Advanced Talks for Halliburton Drilling Assets

Story by Bloomberg General Electric Co. is in advanced talks to buy the drill-bits and drilling-services divisions of Halliburton Co., which is divesting assets to win antitrust approval for its takeover of Baker Hughes Inc., according to people familiar with the matter. Selling both the drill-bits and drilling-services businesses could have fetched as much as $5 billion in total for

Reuters: Technip explores sale, has held talks with FMC Technologies

French oilfield services company Technip (TECF.PA) is exploring a sale and has held talks with U.S. peer FMC Technologies Inc (FTI.N) about a potential combination, according to people familiar with the matter on Wednesday. A deal would illustrate how lower energy prices are driving consolidation in the oil services sector, as companies seek savings and synergies to boost profits amid