Lundin and partners make oil discovery near Solveig field in North Sea
The Norwegian Petroleum Directorate (NPD) had announced a minor oil discovery made by Lundin Energy Norway and its partners near the Solveig field in the North…
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Umesh Ellichipuram
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UK finalises North Sea deal with oil and gas industry
The UK Government has agreed on North Sea Transition Deal with the offshore oil and gas industry to help…
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Equinor makes significant oil discovery in North Sea Fram area
Equinor and partners have made a major oil discovery in the Blasto prospect located near the Fram and Troll…
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Oil prices dip even as cargo ship blocks key Suez Canal
Global crude oil prices dipped approximately 2% as demand concerns triggered by the third wave of the Covid-19 pandemic…
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ADM Energy to acquire stake in Barracuda field offshore Nigeria
ADM Energy has conditionally agreed to acquire a stake in the Barracuda oil field located in oil mining licence (OML)…
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Santos awards $4.6bn Barossa FPSO contract to BW Offshore
Santos has awarded a $4.6bn contract to BW Offshore to supply the floating production, storage, and offloading (FPSO) vessel…
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Oil prices steadies as third wave of Covid sweeps Europe
Crude oil prices have steadied after the third Covid wave in mainland Europe dented recovery in prices following the…
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Petrobras advances sale of two concessions offshore Brazil
Petróleo Brasileiro (Petrobras) has commenced binding phase for the sale of the Albacora and Albacora Leste concessions located in…
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Saipem secures new $1bn contract from Qatargas
Saipem has received a contract worth more than $1bn from Qatargas for offshore export pipelines and related onshore works…
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