On Tuesday 2 July 2024 it was announced that Navitas Petroleum Development and Production Ltd (Navitas) issued a revised Environmental Impact Statement (EIS) concerning its proposals for the drilling of oil wells and offshore production from the Sea Lion Field Northern Development Area, Phase 1 and 2.
Following the approval at an extraordinary sitting of the Executive Council on Monday 17 June, the Falkland Islands Government has begun a public consultation from Monday 24 June to Monday 5 August 2024, on the Environmental Impact Statement (EIS) for the Sea Lion Field Northern Development Area, Phase 1 and 2, which Navitas Petroleum Development and Production Limited have submitted.
The United Kingdom approved the exploration and exploitation of oil and gas in its largest undeveloped field, the North Sea Transition Authority, the responsible regulatory body said on Wednesday.
Hundreds of oil and gas platforms will stage a 48-hour strike in a dispute over pay and other working conditions. Unite has warned that the standstill by the walkout has been planned for April 24. Industry experts agree that contractors and operators can afford to give the Unite members a decent pay rise.
The Federal Court of Appeals of Mar del Plata turned down an appeal filed by Mayor Guillermo Montenegro and various environmental organizations to cancel the offshore oil exploration project involving YPF, Equinor, and Shell. The undertaking is expected to yield some US$ 20 billion in exports annually.
An Argentine court of appeals Monday lifted an injunction order from a lower magistrate, thus clearing the way for offshore oil drilling off Mar del Plata, but it demanded a maximum level of control in the operations.
Argentina's government has issued an environmental impact declaration for offshore oil drilling off the coast of Mar del Plata which has prompted voiceful objections from local residents, particularly Mayor Guillermo Montenegro of the opposition Juntos por el Cambio (JxC), while Federal Energy Secretary Darío Martínez welcomed the decision.
The Falkland Islands government has agreed to extend each of Rockhopper Exploration plc’s offshore North Falkland basin petroleum licenses, including the Sea Lion discovery area, until Nov. 1, 2022. The extension includes no additional license commitments. The previous expiry date was May 1, 2021.
Brazil's oil and gas giant Petrobras announced a hydrocarbon discovery in the pre-salt Campos Basin offshore Rio de Janeiro state, some 200 kilometers from the coast and at a depth of 2,950 meters.
By Irina Slav for Oilprice.com – Crude oil output from fields operated by Brazil's energy major Petrobras hit a record last year despite the pandemic, at an average 2.3 million BPD, Bloomberg reported, comparing the production rate to that of Kuwait.