India Keen to Bid in Myanmar's Round

India is keen to participate in the forthcoming bid round in Myanmar, India’s oil minister Dharmendra Pradhan said on his official visit to the southeast Asian nation, according to a statement issued by Indian oil ministry February 22.


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An Age of Abundance - NGW Magazine

There is a sense of urgency in the air as gas producing countries particularly in Europe – if not The Netherlands – try to extract as much oil and gas as they can.


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Sevan Still Mum on FLNG Study

Norway's cylindrical floating production specialist Sevan Marine cut its 2015 net loss of $62mn by 62% to a 2016 loss of $23.6mn, it said February 22. It said a floating liquefaction (FLNG) study for a specific FLNG field development with a US oil major continued last quarter, with additional work expected to start in 1Q 2017.


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BP Positioned for Energy Transition: E&P Chief

"The role gas needs to play in the transition can’t be overstated," BP upstream chief Bernard Looney told the IP Week conference February 22. Renewables would grow globally on average by around 7% a year out to 2035, but even then will provide only one-tenth of world energy needs, he said.


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Statoil Warned over Troll Blowout

Norway’s independent safety regulator, the Petroleum Safety Authority (Ptil), said February 21 it has issued Statoil, as operator of the giant Troll field, with a safety compliance order.


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