OPEC says current output is enough for global oil market equilibrium
The president of the Organization of the Petroleum Exporting Countries (OPEC) conference Suhail Mohamed Al-Mazroui announced during the Algeria meeting...
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Projects
Nova Field, North Sea
The Nova (formerly Skarfjell) field is located in the production licences PL 418 in the north-eastern part of the Norwegian North Sea. The field lies...
Finlaggan Gas Condensate Field, North Sea
Bay du Nord Project
Karish and Tanin Field Development, Mediterranean Sea
Troll Phase Three Development, North Sea
Exploration
New Zealand Government tables bill to stop new offshore permits
The Government of New Zealand has tabled a bill in parliament to halt the issuance of new offshore permits for oil and gas exploration to...
Sapura Energy wins offshore contracts worth more than $197m
Total makes major offshore UK gas discovery in West of Shetland
Verus agrees to acquire Cieco Exploration and Production for $400m
Jadestone meets conditions for Montara acquisition offshore Australia
LNG
Verus agrees to acquire Cieco Exploration and Production for $400m
UK oil and gas firm Verus Petroleum has agreed to acquire ITOCHU Corporation’s wholly owned subsidiary Cieco Exploration & Production (UK) in a deal valued...
Eco acquires remaining 10% stake in Pan Africa Oil Namibia from Amis
China retaliates against Trump with fresh tariff on US LNG
Sapura Energy to divest 50% stake in Sapura Upstream to Austria’s OMV
Azinam to acquire stakes in two oil fields offshore South Africa
Market Data
Brent crude prices reach highest level in four years
Brent crude prices have reached their highest level since November 2014 after the Organization of the Petroleum Exporting Countries (OPEC) producer group has so far...
OPEC says current output is enough for global oil market equilibrium
Shell to sell stake in Caesar Tonga field offshore Mexico to Focus Oil
Deals this week: Geoquip Marine, Azinam, Zennor North Sea
US oil giants join fight against global climate change
Technology
Sapura Energy wins offshore contracts worth more than $197m
Malaysian oil and gas services firm Sapura Energy has secured three new offshore contracts and a contract extension valued at about MYR815m ($197.4m).
Shell partners with Microsoft to accelerate offshore innovation
Eni Norge develops offshore safety information tool on Goliat platform
Floating wind technology could reduce Equinor’s offshore emissions
Maersk Drilling signs drilling contract with Aker BP for Norwegian oilfield