New EU legislation aimed at harmonising offshore oil and gas safety rules across Europe must not risk undermining the UK’s existing industry-leading safety regulations and endangering investor confidence in the North Sea.
That is the message from Scottish Conservative MEP Struan Stevenson as he prepares to undertake a report on…
Chevron Corporation (NYSE:CVX) announced that its wholly owned subsidiary Chevron Global Energy Inc. (Chevron) will be assigned a 50 percent working interest in Blocks 42 and 45 offshore Suriname through an agreement with Kosmos Energy. Under the agreement, Kosmos will have a 50 percent working interest and remain operator…
The UK company put its 50pc stake in TNK-BP, its main Russian venture, up for sale on June 1 after a breakdown in relations with oligarch partners AAR.
Igor Shuvalov, Russian first deputy prime minister, said he would be happy to see AAR buy out BP, or for AAR to…
Chevron Corporation (NYSE:CVX) said that its subsidiary, Chevron Nigeria Limited (CNL), has sealed and abandoned the shallow water Funiwa 1A natural gas well after completing the drilling of a relief well. Production at the North Apoi field, which had been shut in as a precaution, has also been restored…
