Tagged Moratorium

UK gives go-ahead to second-ever shale gas permit

Rate this article By LNG World News A worker is seen on the Cuadrilla drilling site in Balcombe, southern England August 15, 2013. REUTERS/Gareth Fuller/Pool/File PhotoBy Karolin Schaps and Susanna Twidale LONDON (Reuters) – Britain’s government approved its second-ever shale gas fracking permit on Thursday, overruling a local authority decision and boosting the country’s position…

Tullow declares Force Majeure on Seadrill rig contract

Rate this article By Offshore Energy Today Offshore drilling contractor Seadrill Partners has received a notice of Force Majeure from Tullow for its for the West Leo rig contract. According to the driller, Tullow sent the notice effective October 3, claiming the field the rig has been hired for, is subject to a drilling moratorium…

Only Sarawakians for Petronas’ jobs in Sarawak?

Rate this article By Offshore Energy Today The Government of Sarawak, one of two Malaysian states on the island of Borneo, has introduced a moratorium on all new application for Petronas positions in the state. However, if an applicant is a Sarawakian, the moratorium does not apply, The Borneo Post has informed. The newspaper has…

Lenders won’t extend Trinity’s debt payment deadline. Shares suspended

Rate this article By Offshore Energy Today London-listed Trinity Exploration and Production, an independent E&P with offshore and onshore assets in Trinidad and Tobago, might be forced to pay its $13 million debt, as its lenders would not provide further extensions to the payment deadline. Namely, following numerous extensions to the moratorium on principal payments…

Otto gets approval for two-year moratorium in Palawan Basin

Rate this article By Offshore Energy Today.. Otto Energy has received approval from the Philippines Department of Energy for a two-year moratorium, until December 23, 2017, on required work activity under Service Contract 55 (SC 55), offshore Palawan Basin in the Philippines. Otto Energy informed in January 2016 of its plans to exit the Block…

Canada sets moratorium on offshore drilling in Georges Bank

Rate this article By Offshore Energy Today Canada has, through Jim Carr, Canada’s Minister of Natural Resources, and his provincial counterpart, t Michel Samson, Minister of Energy for Nova Scotia, enacted a statutory moratorium on oil and gas activities in the Canadian portion of Georges Bank. The moratorium took effect April 15. Georges Bank, a…

Trinity extends debt payment deadline

Rate this article By Offshore Energy Today Trinity Exploration and Production, an independent E&P with offshore and onshore assets in Trinidad and Tobago, said it has agreed with its lender yet another extension to the moratorium on principal repayments of debt. The extension, related to to Trinity’s outstanding debt balance of US$13.0 million, is set…

Otto Energy asks for two-year moratorium off Palawan

Rate this article By Offshore Energy Today.. Otto Energy has asked for a two-year moratorium over its Service Contract 55 (SC 55), offshore Palawan Basin in the Philippines. SC 55 is a deep-water block located in the southwest Palawan Basin, covering an area of 9,880km2. According to Red Emperor Resources, an ASX and AIM listed…

Georges Bank off limits for drilling (Canada)

Rate this article By Offshore Energy Today The Government of Nova Scotia will keep the Georges Bank area in the Atlantic Ocean off limits for oil and gas drilling at least until 2023. The Canadian province’s government said that the drilling moratorium would be extended till December 31, 2022, with possible further extension in 10-year…