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23 January 2020
Coronavirus could cut down oil prices by $3 per barrel: Goldman Sachs
The outbreak of a new strain of coronavirus in China could have a negative impact on crude oil demand, cutting the price by $3 per barrel, Goldman Sachs told its...
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23 January 2020
MoU signed between India and Brazil for oil and gas exploration
Indian Prime Minister Narendra Modi's Union Cabinet has approved a memorandum of understanding (MoU) on co-operation in the oil and gas sector.
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23 January 2020
Equinor faces legal challenge over Great Australian Bight oil drilling
The Wilderness Society has launched legal action against NOPSEMA over its approval of oil drilling plans made by Equinor in the Great Australian Bight.
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22 January 2020
PKN Orlen increases crude oil purchase from Saudi Aramco
Polish oil refiner PKN Orlen is to increase its monthly purchase of crude oil from Saudi Aramco from 300,000 tonnes to 400,000.
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22 January 2020
Valaris and Saudi Aramco JV orders newbuild jack-up rigs
ARO Drilling, a 50:50 joint venture (JV) between offshore drilling contractor Valaris and state-owned oil firm Saudi Aramco, has ordered two newbuild jackup rigs.
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22 January 2020
InEight launches new project planning feature for oil and gas sector
Project management software company InEight has introduced interval planning to InEight Schedule, a new project planning software feature for the oil and gas sector that will combine front-end and field...
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22 January 2020
US natural gas prices hit the lowest point since 2016
US natural gas prices have hit the lowest point since 2016, falling to less than $2 per million British thermal units (MMBtu).
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22 January 2020
Oil prices decline over IEA surplus forecast
Oil prices have declined over the International Energy Agency’s (IEA) forecast of a market surplus in the first half of this year.
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22 January 2020
Caspian Sunrise to buy offshore exploration vessel
Caspian Sunrise, an oil and gas exploration and production firm with a focus on Kazakhstan, has proposed to buy an offshore exploration drilling vessel.
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21 January 2020
Turkey receives invitation from Somalia to explore offshore oil
Turkey President Tayyip Erdogan has said that the country received an invitation from Somalia to explore oil in its waters.