Innovation Norway supports development of CCB’s ‘Circular Economy’ concept
Norway’s state-owned company and national development bank Innovation Norway is supporting further development of oil and gas exploration services firm…
30 Nov 2020
Oil prices slip prior to OPEC+ Group’s meet on 2021 output policy
Crude oil prices have slipped by 2% as investors await a decision by oil-producing group OPEC+ whether it would extend large output cuts to balance oil prices in the global…
30 Nov 2020
ExxonMobil abandons sale of Australia’s Bass Strait oil and gas assets
American oil major ExxonMobil has reportedly abandoned plans of the multibillion-dollar sale of its oil and gas assets in Australia's Bass Strait. The latest move comes just six weeks after…
27 Nov 2020
BP and Ithaca begin production at Vorlich field in UK Central North Sea
Oil major BP and its partner Ithaca Energy have started production from the Vorlich field in the Central North Sea. BP and Ithaca invested £230m ($307m) in the development of…
27 Nov 2020
Keppel O&M lands multimillion-dollar FPSO deal
Singapore’s offshore rig and vessel builder Keppel Offshore & Marine (Keppel O&M) wholly owned subsidiary Keppel Shipyard won a contract from an undisclosed repeat customer. The S$100m (approximately $75m) contract…
27 Nov 2020
ADNOC awards contract to BGP to expand 3D seismic survey
UAE state-owned oil company Abu Dhabi National Oil Company (ADNOC) has awarded the world’s largest 3D seismic shoot to BGP, a subsidiary of China National Petroleum Company (CNPC). Valued at…
27 Nov 2020
Oil prices drop due to concerns over oversupply
Oil prices have slipped due to concerns regarding oversupply in the market and uncertainty about a vaccine to end the novel coronavirus (Covid-19) pandemic. Brent crude futures decreased by $0.31…