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24 May 2019
Calima Energy to divest Namibian licence to Tullow
Calima Energy has signed an agreement to divest its interest in the PEL 90 licence off Namibia to the local subsidiary of Tullow Oil.
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24 May 2019
OMV Petrom begins decommissioning Gloria offshore platform in Romania
OMV Petrom has begun decommissioning the Gloria offshore platform, which has reached the end of its lifetime limit following four decades of service.
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24 May 2019
Oil prices recover, but could face biggest weekly losses in 2019
Oil prices have rebounded after posting losses for two consecutive sessions, but are on course to post their biggest weekly losses in 2019 as a result of surging crude stockpiles...
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23 May 2019
BW Offshore to spin off exploration and production company
BW Offshore has announced plans to establish its exploration and production (E&P) subsidiary BW Energy as a separate company.
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23 May 2019
Oil prices continue to decline as US crude inventories rise
Oil prices have continued to decline under pressure from rising US crude inventories as demand was offset by ample supply and weak refinery data.
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23 May 2019
Brazil’s Petrobras to exercise right in TOR auction in two areas
Brazil’s Petrobras has announced interest in exercising its pre-emption right to participate in the bidding round for surplus oil from the Transfer of Rights (TOR) area.
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23 May 2019
US could soon bring bill to sanction Nord Stream 2 gas pipeline
US Energy Secretary Rick Perry has reportedly said that a bill would soon be passed to impose sanctions on the $12bn Nord Stream 2 gas pipeline project.
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22 May 2019
TGS and Schlumberger collaborate on seismic project in Gulf of Mexico
TGS and Schlumberger have announced a strategic collaboration for multi-client ocean-bottom node projects in the deepwater Gulf of Mexico.
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22 May 2019
Oil prices decline on rise in US crude stockpiles
Oil prices have declined due to a projected increase in US crude stockpiles and as Saudi Arabia committed to keep markets balanced.
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22 May 2019
Petronas begins production at FLNG platform offshore Malaysia
Petronas has commenced the first liquefied natural gas (LNG) production from its Satu floating LNG facility at the Kebabangan cluster field, 90km offshore Sabah, East Malaysia.