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Today’s oil prices drop as Gaza fighting abates
28 July, 2014
Oil prices dropped today as Israel eased its assaults in Gaza, backing a 24-hour humanitarian truce, while experts believe that reductions are...
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Lime Petroleum surrenders three North Sea licenses
Monday, July 28, 2014 Lime Petroleum Norway has decided to surrender three licenses located in the North Sea, following the deadline for a drill or drop decision by 23...

Turkey approves EIA for South Stream project’s offshore section
Monday, July 28, 2014 The Turkish Ministry of Environment and Urban Planning has approved the environmental impact assessment (EIA) report for South Stream's offshore pipeline...

Octanex secures finance to develop Ophir field offshore Malaysia
Friday, July 25, 2014 Oil and gas exploration firm Octanex has secured limited recourse project finance for the Ophir field development, offshore Terengganu,...

N-KOM secures contracts from Gulf Drilling International
Friday, July 25, 2014 Nakilat-Keppel Offshore & Marine (N-KOM) has secured two contracts worth $110m from Gulf Drilling...

Brent trades around $107 amid tensions in oil producing regions
Friday, July 25, 2014 Oil traded around $107 a barrel on Friday amid tensions in oil producing regions, which failed to take the prices...

MetOcean to introduce weather prediction tool to improve offshore facilities
Thursday, July 24, 2014 New Zealand-based MetOcean Solutions is introducing a new weather prediction tool to improve the safe operation of moored offshore facilities in...

Statoil wins Colombian offshore licence
Thursday, July 24, 2014 Norway-based Statoil has been awarded a 33.33% interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing...

Oil drops below $108 on weak demand from European refiners
Thursday, July 24, 2014 Brent crude dropped below $108 a barrel today due to weak demand from European refiners and growth in Chinese factory...

HNR signs DOC for Dussafu block offshore Gabon
Wednesday, July 23, 2014 US-based energy firm Harvest Natural Resources (HNR) has signed a declaration of commerciality (DOC) with the Government of Gabon for the Dussafu...

Oil drops towards $107 on strong dollar
Wednesday, July 23, 2014 Brent crude fell towards $107 a barrel today as a stronger dollar and weak demand overshadowed global...

Ruspetro completes first well test at Pottymski-Inginsky licence area
Wednesday, July 23, 2014 Ruspetro has completed the first ten-day flow test at its first multi-stage fractured horizontal well at the Pottymski-Inginsky licence area in...

Oil trades around $108 ahead of US crude stockpiles data
Tuesday, July 22, 2014 Brent crude steadied around $108 a barrel on Tuesday, supported by expectations of decline in US oil stockpiles and violence in Ukraine and...

Sembawang secures Kaombo FPSO conversion contract offshore Angola
Tuesday, July 22, 2014 Sembawang Shipyard, a subsidiary of Sembcorp Marine, has secured a contract worth approximately S$600m ($480m) from Saipem for the conversion of two floating storage production offloading...

McDermott wins Megalodon platform installation contract in Gulf of Mexico
Tuesday, July 22, 2014 McDermott International has secured a contract to install a platform in the US Gulf of Mexico for Walter Oil &...

Eni to explore for hydrocarbons in Republic of Congo
Monday, July 21, 2014 Italian oil and gas firm Eni has signed an agreement to explore for hydrocarbons in the Republic of Congo's coastal...

Brent trades around $107 amid Iran nuclear talks extension
Monday, July 21, 2014 Brent crude oil traded around $107 a barrel today following the extension of Iran nuclear...

US to provide 21 million acres in Gulf of Mexico for oil and gas development
Monday, July 21, 2014 The US Bureau of Ocean Energy Management (BOEM) has decided to offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale featuring all...

Brent crude increases above $108 due to Malaysian plane disaster
Friday, July 18, 2014 Brent futures increased above $108 a barrel on Friday due to renewed geopolitical risks after a Malaysian passenger plane was shot down in eastern...

Trinity to acquire Centrica's 80% interests in two offshore Trinidad blocks
Friday, July 18, 2014 Trinity Exploration & Production has agreed to acquire Centrica's 80% interests in two offshore Trinidad blocks for a headline payment of...

Tullow to acquire Eco Atlantic’s 40% working interest in Namibia block
Friday, July 18, 2014 Tullow Oil has agreed to acquire up to a 40% working interest in Block 2012A, situated in the Walvis Basin offshore Namibia, from Eco (Atlantic) Oil &...


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