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Brent slips towards $97 despite talks of OPEC output cuts
19 September, 2014
The price of Brent crude dropped towards $97 a barrel today despite talks of lower output from the Organization of the Petroleum Exporting Countries...
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Maersk sells drilling barge activities in Venezuela
Friday, September 19, 2014 Maersk Drilling has sold its drilling barge activities in Venezuela to Panama-based investment company Barrystar...

Eni makes oil discovery in Ecuador
Friday, September 19, 2014 Italian energy firm Eni has made an oil discovery in Ecuador that could hold around 300 million barrels in...

Oil slips towards $98 on concerns of faster US interest rates hike
Thursday, September 18, 2014 The price of Brent crude slipped towards $98 per barrel today on concerns of a faster hike in US interest...

GE Oil & Gas secures subsea equipment contract from Petrobras
Thursday, September 18, 2014 GE Oil & Gas has secured a subsea equipment contract worth more than $300m from Brazilian energy firm...

Eni makes new oil discovery in Block 15/06 offshore Angola
Thursday, September 18, 2014 Eni has made the tenth commercial oil discovery at the deepwater Ochigufu exploration prospect in Block 15/06 offshore...

SBM Offshore to work with Noble Energy in two US GoM fields
Wednesday, September 17, 2014 Netherlands-based SBM Offshore has secured a contract to work with Noble Energy in the US Gulf of Mexico (GoM) at the Big Bend and Dantzler...

ONGC Videsh to explore oil and gas offshore Vietnam
Wednesday, September 17, 2014 India-based ONGC Videsh has agreed to participate in the exploration of oil and gas offshore...

Brent crude oil steadies at $99 on hopes of OPEC output cut
Wednesday, September 17, 2014 The price of Brent crude oil has steadied at $99 per barrel on Wednesday on expectations that the Organization of the Petroleum Exporting Countries (OPEC) may cut the 2015...

Mitsubishi to acquire 20% stake in Ivory Coast offshore oilfield
Tuesday, September 16, 2014 Mitsubishi has agreed to acquire a 20% ownership interest in an offshore oilfield offshore Ivory Coast from Anadarko...

Aker Oilfield Services secures $465m contract from Petrobras
Tuesday, September 16, 2014 Aker Oilfield Services (AKOFS), a subsidiary of Aker Solutions, has secured a $465m contract from Petrobras to provide subsea intervention services offshore...

Oil trades below $98, recovering from two-year low
Tuesday, September 16, 2014 The price of Brent crude traded at just below $98 a barrel on Tuesday, recovering from its decline to a two-year low; however, the price was capped by soft demand and weak economic...

Brent declines below $97 on weak Chinese economic data
Monday, September 15, 2014 The price of Brent crude oil traded below $97 per barrel on Monday amid weak Chinese economic...

Fox Petroleum plans to build FSRU LNG terminal in Karnataka, India
Monday, September 15, 2014 Fox Petroleum has unveiled its plans to construct a floating storage regasification unit (FSRU) liquefied natural gas (LNG) terminal in the state of Karnataka,...

Statoil to sell several Norwegian assets to Wintershall
Monday, September 15, 2014 Statoil has agreed to sell several of its Norwegian oil and gas assets to Wintershall for...

Statoil starts production at two North Sea oil fields
Friday, September 12, 2014 Norwegian oil and gas firm Statoil has started production at its Fram H-North and Svalin C fields in the North...

Technip wins contract to develop Kodiak field in Gulf of Mexico
Friday, September 12, 2014 French engineering and construction firm Technip has secured a contract from Deep Gulf Energy II to develop the Kodiak field in the Gulf of...

Price of Brent crude touches above $98 a barrel
Friday, September 12, 2014 The price of Brent crude oil stood above $98 a barrel, indicating that the market has rebounded following a two-year...

Brent declines below $98 on continued supply worries
Thursday, September 11, 2014 The price of Brent crude fell below $98 a barrel on Thursday due to concerns of excess supplies and weak worldwide demand amid geopolitical tensions in the Middle...

Dana Gas secures $100m financing for Zora offshore gas field
Thursday, September 11, 2014 Dana Gas has secured $100m of financing to develop the Zora offshore gas field in the northern part of the...

Xcite Energy, Statoil and EnQuest sign collaboration deal for North Sea oil fields
Thursday, September 11, 2014 Xcite Energy Resources, Statoil and EnQuest have signed a collaboration agreement to study the possible use of a common gas import infrastructure between three North Sea oil...


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