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October 2014

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Brent drops towards $85 on strong US dollar and ample supply
31 October 2014 The price of Brent crude oil dropped towards $85 a barrel today amid a strong US dollar and abundant oil...

Petrofac wins contract extension to support Iraq Crude Oil Expansion Project
31 October 2014 Petrofac has secured a second contract extension worth about $106m to support South Oil Company's (SOC) Iraq Crude Oil Expansion...

Eni discovers oil in Minsala Marine exploration prospect, offshore DR Congo
31 October 2014 Italian energy firm Eni has discovered oil in the Minsala Marine exploration prospect, located in the Marine XII Block offshore Democratic Republic of the...

Oil falls below $87 on expectations that Federal Reserve may lift interest rates
30 October 2014 The price of Brent crude oil dropped below $87 a barrel on Thursday amid expectations that the Federal Reserve may lift interest rates, putting pressure on the US...

Technip secures subsea contract for Bangka Development, offshore Indonesia
30 October 2014 Technip has secured a subsea contract from Chevron Indonesia for the Bangka Development, located in the Rapak PSC area, about 70km offshore the province of East Kalimantan,...

Chevron and partners to invest $6bn in Stampede project in US Gulf of Mexico
30 October 2014 Chevron and its partners will invest an estimated $6bn in the development of the Stampede project in the deepwater US Gulf of...

Technip wins contract to work on Kraken development in UK North Sea
29 October 2014 Technip has secured a large contract from EnQuest to work on the Kraken development in the UK North...

Total to sell stakes in several Norwegian oil fields for $317m
29 October 2014 France-based Total has agreed to sell stakes in various oil fields in Norway to PGNiG Upstream International for...

Price of Brent crude oil increases above $86
29 October 2014 The price of Brent crude oil increased above $86 a barrel today ahead of the Federal Reserve statement on the US monetary...

Oil trades below $86 amid decline in US dollar
28 October 2014 The price of Brent crude oil steadied below $86 a barrel on Tuesday following a drop in the US dollar, which offset issues of weak demand and ample...

Eni discovers gas in Merakes exploration prospect offshore Indonesia
28 October 2014 Italian energy firm Eni has discovered gas in the Merakes exploration prospect, located offshore...

Ophir Energy to acquire seven PSCs from Niko Resources
28 October 2014 Ophir Energy has agreed to acquire the interests in seven deepwater production-sharing contracts (PSCs) in Indonesia from Niko...

Statoil secures new Australian offshore exploration permit
27 October 2014 Norwegian energy firm Statoil has secured a permit to explore oil and gas off the north-west coast of...

Impact Oil and Gas wins new exploration license offshore of West Africa
27 October 2014 Impact Oil and Gas has secured a new exploration license covering the AGC Profond block, which is located offshore of West Africa in the Senegal Guinea Bissau Joint Development Zone...

Oil falls below $86 a barrel in Goldman Sachs forecast cuts
27 October 2014 The price of Brent crude oil has declined to below $86 a barrel after US investment bank Goldman Sachs cut its price forecasts earlier...

Norway's high tax challenging commercial viability of Arctic oil opportunities: GlobalData analyst
24 October 2014 The high tax burden in Norway is challenging the commercial viability of Arctic oil opportunities, compared with Russian, Canadian and US Arctic fiscal regimes, according to an analyst...

Brent crude oil drops to $86 amid news of first Ebola case in New York, US
24 October 2014 The price of Brent dropped towards $86 a barrel on Friday after conformation of the first Ebola case in New York,...

Chevron unveils new oil discovery at Guadalupe prospect in US Gulf of Mexico
24 October 2014 Chevron has announced a new oil discovery at the Guadalupe prospect in the deep-water US Gulf of...

Shell finds gas at Leopard-1 well offshore Gabon
23 October 2014 Shell has made a deepwater gas discovery at its Leopard-1 well in license BCD10, offshore Gabon in West...

Statoil discovers more oil near Grane field in North Sea
23 October 2014 Norwegian energy firm Statoil has discovered between 30 million and 80 million barrels of recoverable oil near its operating Grane field in the North...

Ophir Energy flows gas at Fortuna-2 well in Equatorial Guinea
22 October 2014 UK-based exploration firm Ophir Energy has flowed gas at the Fortuna-2 well in Block R, Equatorial Guinea....


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