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View all search resultsNorway will continue developing its oil and gas resources in the Barents Sea regardless of the European Union's support for a moratorium on Arctic hydrocarbon supplies, and no longer sees itself as Europe's "green battery", Energy Minister Terje Aasland told Reuters.
Despite the constant threat of flooding, ongoing land subsidence and mounting health risks linked to contaminated water, soil and air, residents say there has been no meaningful long-term resolution from the government to address the enduring impacts of the mudflow.
The energy minister says the government is thinking of pulling the operating permits of oil and gas companies with idle projects to accelerate domestic output by 2030 as part of a broader strategy to reduce the country's reliance on costly imports.
China will on Friday conduct sea trials for its first ocean research drilling vessel, capable of drilling at depths of more than 10,000 meters, a key step toward beefing up the country's deep-sea oil and gas exploration capabilities.
Chevron has signed a deal with the Upstream Oil and Gas Special Regulatory Task Force (SKK Migas) to drill between 112 and 118 new wells in Indonesia’s second-most productive oil block, Rokan Block in Riau.
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