News

  • Angola’s new oil and gas regulator ANPG starts work

    Angola’s new oil and gas regulatory body officially started work last week from an office in central Luanda.   The National Agency for Oil & Gas was created in early February to take over the concessionaire activities which were previously handled by state-owned Sonangol, leaving…

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  • KNOC hires Scotiabank to sell stake in Dana Petroleum

    State-run Korea National Oil Corporation (KNOC) has hired Canada’s Scotia Bank to help find a financial partner for a 30 percent stake in its British subsidiary Dana Petroleum.   The process is expected to kick off in early May, when confidential information packages will be…

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  • EnscoRowan takes delivery of new jack-up rig from Keppel

    Singapore’s rig builder Keppel Offshore & Marine’s subsidiary Keppel FELS has delivered ENSCO 123 jack-up rig to EnscoRowan on schedule and with zero lost-time incidents.   Built to an enhanced version of Keppel’s KFELS Super A Class design, the harsh environment jack-up rig has been…

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  • Russia’s Druzhba Pipeline System Closed

    Russia’s giant Soviet-era oil pipeline is a vital piece of Europe’s energy infrastructure, carrying crude to refineries across the region. During the week of the 21st April it was hit by probably the biggest crisis in its 55-year history: both branches of the Druzhba pipeline…

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  • Canada toughens ocean protection standards

    Canada’s government is toughening standards for offshore conservation in ways which can preclude oil and gas activity in some areas.   A spokesperson at the Canadian Association of Petroleum Producers said the move offers needed clarity and will not greatly affect exploration and production off…

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