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Go-ahead for North Sea drilling ops with Odfjell Drilling-managed rig

Norway’s oil and gas player Wellesley Petroleum has received the blessing from the country’s authorities for the drilling of an exploration well in the Norwegian sector of the North Sea, which is expected to be carried out using a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor. The post Go-ahead for North Sea drilling ops with Odfjell Drilling-managed rig appeared first on Offshore Energy.

UK signals readiness for oil & gas tax shift with £50 billion energy investment in play

Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has taken steps to engage in talks with the UK government to strike a deal and unlock multibillion-dollar energy industry investment boost by replacing the energy profits levy (EPL). The proposed regulatory shift has the potential to pave the way for homegrown energy growth, fortifying energy security and tax revenues, which are set to rise as the oil and gas windfall tax replacement looms. The post UK signals readiness for oil & gas tax shift with £50 billion energy investment in play appeared first on Offshore Energy.

Middle East oil supply disruption spurs Thailand to zero in on domestic production

Canada-based Valeura Energy, an oil and gas company, is seeking further insight from Thailand regarding the Southeast Asian country’s recent request to oil producers to postpone planned downtime at oil production facilities and temporarily suspend crude oil exports. The post Middle East oil supply disruption spurs Thailand to zero in on domestic production appeared first on Offshore Energy.