Tag: Offshore drilling
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West Africa’s Atlantic Margin: Renewed Exploration Drives a New Era
Overview: A renewed push along the Atlantic margin West Africa’s Atlantic margin is once again becoming a focal point for oil and gas exploration. After years of mixed activity, operators are revisiting the offshore basins that fringe countries from Mauritania and Senegal to Ghana, Nigeria, and Ivory Coast. The renewed interest is propelled by a…
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West Africa’s Atlantic Margin Sees Renewed Exploration Interest
Introduction: An Opportune Moment for the Atlantic Margin West Africa’s Atlantic margin is entering a fresh cycle of exploration activity, driven by a convergence of favorable geology, shifting corporate strategies, and a growing consensus that global energy demand will require more barrels in the years ahead. The region, long a pillar of African oil output,…
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Philodrill Seeks New Palawan Contract to Revive West Linapacan Oil Field
Philodrill aims to revive West Linapacan with a fresh Palawan contract Philodrill Corp., a Pasig-based oil explorer, is pursuing a new service contract with the Philippine government to revitalize the West Linapacan oil field off Palawan. The move signals a broader strategy to unlock remaining reserves using cutting-edge technology while expanding exploration rights in the…
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Trump’s energy push sparks new offshore oil drilling plans
Administration unveils new offshore drilling plans The Trump administration announced a bold expansion of oil exploration and drilling off the U.S. coasts, including areas off California and Florida. The move marks a significant shift after decades of more restrictive offshore policies, and it places energy policy at the center of a broader national debate about…
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Trump’s Push for US Energy Prompts New Oil Drilling Plans
Background: A renewed push for offshore drilling The Trump administration moved forward with a plan to expand oil exploration off the coasts of California and Florida, marking a significant shift in U.S. energy policy after years of restrictions in sensitive areas. Officials say the initiative is aimed at boosting domestic oil production, lowering energy costs,…
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Trump’s Energy Push Triggers New Offshore Drilling Plans
Background: A renewed push for offshore drilling The Trump administration announced a significant shift in the U.S. energy landscape by proposing new offshore oil drilling off the California and Florida coasts. This marks the first substantial expansion of offshore drilling in these regions in decades and signals a broader strategy to boost domestic oil production…
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2026 Budget Aims to Reverse Oil Production Slide with $3.5B in New Investments
Overview: A clear pivot to revive oil output The government has outlined a proactive budget plan designed to halt a half-decade decline in the country’s oil production. Central to the strategy is more than US$3.5 billion in fresh investment commitments, aimed at accelerating exploration, development, and offshore drilling through the national oil company (NOC). Officials…
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Budget 2026: Gov’t Moves to Reverse Oil Slide with $3.5B in New Investments
Overview The government’s 2026 Budget signals a decisive pivot in the country’s oil strategy as officials unveil more than US$3.5 billion in new investment commitments. This push aims to arrest a near five-year slide in oil production and lay the groundwork for a renewed trajectory of stability and growth in the sector. With the national…
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2026 Budget: Reversing Oil Decline with $3.5B Investment
Overview: A Budget Aimed at Reversing a Long Oil Slide The 2026 budget marks a decisive shift in energy policy as the government earmarks more than USD 3.5 billion in new investments to halt the country’s multi-year decline in oil production. With the national oil company (NOC) positioned to kick off offshore drilling later this…
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Economics, not just the environment, could derail Woodside’s Browse gas project
Overview: A project under financial pressure as much as environmental scrutiny Woodside Petroleum’s bid to develop the Browse offshore gas fields near Western Australia remains a high-stakes test of whether a megaproject can survive a crowded energy landscape. While opponents have framed the fight around coral reefs at Scott Reef and rising emissions, industry analysts…