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Brent steadies above $86 on expectations of increase in oil demand
22 October, 2014
The price of Brent crude futures steadied above $86 a barrel today on expectations that oil demand may lift in the near term....
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McDermott to support Bukit Tua development project in Indonesia
Wednesday, October 22, 2014 McDermott International has won a contract from Petronas subsidiary PC Ketapang II to support the Bukit Tua development project in the Ketapang block of East Java, Indonesia....

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

Xcite Energy signs MOU with Baker Hughes for Bentley field
Tuesday, October 21, 2014 Xcite Energy Resources has signed a memorandum of understanding (MoU) with Baker Hughes for the Bentley field, located in the UK section of the North...

Oil price approaches $86 amid increase in Chinese oil demand
Tuesday, October 21, 2014 The price of Brent crude increased to around $86 a barrel on Tuesday following the rise of oil demand in...

Jurong Shipyard to support TEN development project, offshore Ghana
Tuesday, October 21, 2014 Jurong Shipyard, a subsidiary of Sembcorp Marine, has secured a contract from MODEC Offshore Production Systems to support the TEN development project in Ghana, which is expected to cost...

Pacific Rubiales Pemex to jointly explore oil and gas business opportunities in Mexico
Monday, October 20, 2014 Pacific Rubiales Energy has signed a three-year memorandum of understanding (MoU) and cooperation with Petróleos Mexicanos and its subsidiary entities (Pemex) to jointly explore oil and...

Brent crude steadies around $86 on news of a cut in Saudi-Kuwait oil production
Monday, October 20, 2014 The price of Brent crude steadied around $86 a barrel today on news of a cut in oil production from Saudi Arabia and...

Oil production starts at Umm Lulu oil field, offshore Abu Dhabi
Monday, October 20, 2014 Oil production has started from the Umm Lulu oil field, offshore Abu Dhabi, the United Arab Emirates (UAE)....

Oil price increases to $86
Friday, October 17, 2014 The price of Brent crude has increased slightly to approximately $86 a barrel, after registering four-year lows in recent days....

Wood Group Kenny secures FEED contract for Peterhead CCS project
Friday, October 17, 2014 Wood Group Kenny has secured a contract to support the Peterhead Carbon Capture and Storage (CCS) project in Aberdeenshire,...

Oryx Petroleum acquires 85% interest in AGC Central licence
Friday, October 17, 2014 Oryx Petroleum has acquired an 85% interest in the AGC Central licence, located in the joint development offshore area between Senegal and Guinea Bissau...

Heerema Hartlepool to support Maersk Oil UK’s Culzean project
Thursday, October 16, 2014 Heerema Hartlepool has secured a contract to support Maersk Oil North Sea UK’s Culzean development...

Expro wins contract to support Ichthys LNG project, offshore Australia
Thursday, October 16, 2014 UK-based oil field services provider Expro has won a contract worth more than $50m to work on Inpex-operated Ichthys liquefied natural gas (LNG) project, offshore Australia....

Oil price declines to four-year low on global economic concerns
Thursday, October 16, 2014 The price of Brent crude hit a four-year low today, dropping by more than $1 to $83 a barrel....

Woodside farms into Tilapia production sharing contract, offshore Cameroon
Wednesday, October 15, 2014 Australian energy firm Woodside Petroleum has agreed to acquire a 30% non-operating interest in the 3,875km² block, located within the Douala Basin, offshore south-west...

Statoil discovers more gas on block 2, offshore Tanzania
Wednesday, October 15, 2014 Statoil has made its seventh discovery in block 2, offshore Tanzania, with the Giligiliani-1 exploration well finding one trillion cubic feet (tcf) of natural gas in...

Brent crude oil price plummets below $84 to 47-month low due to oversupply
Wednesday, October 15, 2014 The price of Brent crude plummeted below $84 a barrel today after the International Energy Agency (IEA) cut oil demand growth...

Eni signs production sharing contracts for two Vietnam offshore exploration blocks
Tuesday, October 14, 2014 Italian energy firm Eni has signed two production sharing contracts (PSCs) to explore two blocks offshore...

Ample supply causes oil to decline to just above $88
Tuesday, October 14, 2014 The price of Brent crude declined to just above $88 a barrel on Tuesday due to ample supply, despite slim chances of a cut in oil production by Organization of the Petroleum Exporting...

Statoil divests 15.5% stake in Shah Deniz field for $2.25bn
Tuesday, October 14, 2014 Norwegian energy firm Statoil has sold its 15.5% stake in the Shah Deniz field in Azerbaijan to Malaysia's Petroliam Nasional Berhad (Petronas) for...


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