South Carolina Budget Proposal Would Block Offshore Drilling Off State

By Valerie Volcovici April 17 (Reuters) - South Carolina's Republican-majority Senate is poised to advance a measure this week that would require the state to block new infrastructure to transport or process offshore oil and gas as state lawmakers fear the Interior Department will open the Atlantic coast to offshore drilling. Republican State Senator Chip Campsen introduced … [Read more...]

U.S. Presidential Candidate Elizabeth Warren Calls for Total Moratorium on New Oil and Gas Leases ‘On First Day’

By Valerie Volcovici April 15 (Reuters) - U.S. presidential candidate Elizabeth Warren said on Monday she would ban all fossil fuel extraction on federal land and in coastal waters, setting herself apart from a crowded field of Democratic hopefuls who have made climate change a central campaign issue but have yet to outline specific policies. Warren said in a post on Medium … [Read more...]

Offshore Drillers Ensco and Rowan Complete Merger

The previously announced merger between offshore drillers Ensco plc and Rowan Companies closed Thursday with overwhelming support from each company's shareholders. The new company, named EnscoRowan, will trade on the New York Stock Exchange under the ticker symbol ESV. The closing of the transaction follows the satisfaction the deals closing conditions including … [Read more...]

Equinor Again Delays Start-Up of Britain’s Mariner Offshore Oilfield

By Nerijus Adomaitis OSLO, April 10 (Reuters) - The operator of the Mariner heavy oil field, one of Britain's largest offshore developments in years, postponed its start-up to summer 2019 on Wednesday for safety checks on the platform's electrical couplings. Originally due to come on stream in 2017 and with an estimated 300 million barrels of recoverable reserves, the 4.5 … [Read more...]

Norway’s Oil Industry Must Become Emissions-Free, Labor Says

By Mikael Holter (Bloomberg) -- Norway should set a deadline for its oil industry to become completely emissions-free, the leader of the country’s biggest opposition party said. The proposal amounts to a hefty ambition to fulfill for Norway’s oil industry, the country’s biggest emitter of greenhouse gases by far, even as more offshore platforms are receiving power from shore … [Read more...]