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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...
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Norway's high tax challenging commercial viability of Arctic oil opportunities: GlobalData analyst
Friday, October 24, 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
Friday, October 24, 2014 The price of Brent dropped towards $86 a barrel on Friday after conformation of the first Ebola case in New York,...

Statoil discovers more oil near Grane field in North Sea
Thursday, October 23, 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...

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

Brent steadies above $86 on expectations of increase in oil demand
Wednesday, October 22, 2014 The price of Brent crude futures steadied above $86 a barrel today on expectations that oil demand may lift in the near term....

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....

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....

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...

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...

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 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)....

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...

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...

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,...

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....

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...

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....

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....

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...


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