Brazil’s state-controlled oil company is nearing a deal with government regulators allowing it to move forward with plans to redevelop a massive deep-water field that could reinvigorate the nation’s stalled output.
Offshore
Wood Mackenzie analysis highlights critical challenges in developing more predictable tax policy
After a history of ad hoc changes, the UK government must implement a more predictable tax regime that provides greater long-term stability to the North Sea oil and gas sector, as soon as possible, according to new analysis by Wood Mackenzie.
Houston-based offshore driller Helix Energy Solutions evaluates potential sale amid market interest
The Houston-based offshore drilling services provider is working with advisers to gauge interest from potential buyers, according to the people, who asked not to be identified discussing confidential information.
Malaysia defies China with offshore oil, gas drilling in disputed waters, U.S. think tank says
Malaysia is expanding oil and gas exploration in the disputed South China Sea despite pressure from Chinese vessels that have maintained a constant presence in waters where both sides have overlapping claims, according to a new report.
Nigeria proposes new tax incentives to attract deepwater gas exploration investors
Nigeria hopes to attract as much as $10 billion of new investments in deep-water gas exploration through tax breaks and other measures proposed in a new policy framework for the industry, according to a government official.
Lockton launches dedicated offshore projects practice to navigate complex energy, marine and power risks
Lockton, the world’s largest independent insurance broker, has launched a new Offshore Projects Practice.
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