Latest News

DNV GL secures frame agreement from Aker BP

Oil and gas company Aker BP has awarded a new frame agreement to DNV GL....

DNV GL secures frame agreement from Aker BP

Oda field development plan sent to Norwegian Ministry of Petroleum and Energy

UK-based Faroe Petroleum has announced that the licence partners of Oda field have submitted the plan of development and operation (PDO) to Norway's Ministry of Petroleum and Energy....

Oda field development plan sent to Norwegian Ministry of Petroleum and Energy

Deals this week: Shell, BP, Eni

Shell has agreed to acquire gas assets in offshore Trinidad and Tobago from Centrica plc for an initial consideration of $30m. ...

Deals this week: Shell, BP, Eni

Oil prices steady at around $50 following OPEC decision to cut output

Oil prices have reached $50 per barrel on after OPEC decided to cut production at its meeting in Vienna held yesterday....

Oil prices steady at around $50 following OPEC decision to cut output

GustoMSC showcases new Scylax drillship design

Netherlands-based design and engineering company GustoMSC has unveiled a new drillship design, Scylax....

GustoMSC showcases new Scylax drillship design

Energean gains exploitation licence for West Katakolon block, offshore Greece

Energean gains exploitation licence for West Katakolon block, offshore Greece

Oil prices grow over hopes of production cut

Oil prices have risen by 7% as producers meet in Vienna today and may reach a deal on reducing oil production to support prices....

Oil prices grow over hopes of production cut

BP gains stakes in two exploration prospects in North Sea

BP has acquired interests in North Sea exploration prospects Jock Scott and Craster....

BP gains stakes in two exploration prospects in North Sea

Hurricane Energy signs agreement to use Aoka Mizu FPSO at Lancaster field

Hurricane Energy signs agreement to use Aoka Mizu FPSO at Lancaster field

Far and Senegal joint venture partners to begin drilling in SNE oilfield

Far Ltd and its Senegal joint venture partners have agreed to perform a drilling programme in SNE oilfield in offshore Senegal....

Far and Senegal joint venture partners to begin drilling in SNE oilfield

Eni sells 10% stake of Zohr gas field, offshore Egypt

Italian oil and gas company Eni has agreed to sell its 10% participating interest in the Shorouk Concession to BP....

Eni sells 10% stake of Zohr gas field, offshore Egypt

Oil prices fall on doubts over OPEC production cut decision

Oil prices have fallen amid increasing concerns that prominent fuel exporters may not reach an agreement to reduce oil output in the meeting scheduled for tomorrow. ...

Oil prices fall on doubts over OPEC production cut decision

Oil prices gain over prospects of production cuts

Oil prices have recovered after dropping by around 2% in early trading as the market is struggling with prospects that major producers will agree to production cuts to control the global glut....

Oil prices gain over prospects of production cuts

Providence Resources signs contract for Stena IceMAX drill-ship

Ireland-based oil and gas company Providence Resources has signed a contract with Stena Drillmax Ice Limited for use of its Stena IceMAX drill-ship....

Providence Resources signs contract for Stena IceMAX drill-ship

Po Valley gains preliminary production concession in Italy for offshore field

Po Valley Energy has received a preliminary production concession from the Italian Ministry of Economic Development for the company’s 47 billion cubic feet (bcf) offshore Teodorico gasfield in...

Po Valley gains preliminary production concession in Italy for offshore field

Maari oilfield offshore New Zealand closed due to crack in wellhead platform

Production at Maari oilfield off the coast of Taranaki, New Zealand, has been halted due to a crack in its wellhead platform....

Maari oilfield offshore New Zealand closed due to crack in wellhead platform

Deals this week: Petroleum Geo-Services, Petsec Energy, Saudi Aramco

Petroleum Geo-Services ASA (PGS) has raised $227.81m through issuing 85.5 million shares in a private placement subscribed to by Norwegian and international institutional and other...

Deals this week: Petroleum Geo-Services, Petsec Energy, Saudi Aramco

Norwegian safety authority to investigate Scarabeo 5 rig fire

The Petroleum Safety Authority Norway (PSA) has launched an investigation into a fire that broke out in the engine room of Scarabeo 5 drilling rig this week....

Norwegian safety authority to investigate Scarabeo 5 rig fire

M&As this week: PetroGulf Ghana, Total Energy Services

PetroGulf Ghana Limited has agreed to acquire Eco Atlantic (Ghana) Ltd from Eco (Atlantic) Oil & Gas Ltd....

M&As this week: PetroGulf Ghana, Total Energy Services

Oil prices remain static on uncertainty over OPEC-led output cut

Oil prices have remained unchanged due to doubts ahead of a planned crude production cut by the Organization of the Petroleum Exporting Countries (OPEC)...

Oil prices remain static on uncertainty over OPEC-led output cut

DEA Norge finds oil and gas in southern Barents Sea

DEA Norge has encountered an oil and gas discovery in PL609, north of the Snøhvit field....

DEA Norge finds oil and gas in southern Barents Sea
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