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5 June 2020
Premier Oil agrees deal with ARCM over buying BP’s North Sea assets
Premier Oil and BP have agreed revised terms over the latter’s sale of a series of North Sea assets, ending a dispute with its largest creditor Asia Research Capital Management...
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5 June 2020
Oil prices rise as traders await clarity on output cuts extension
Oil prices have edged higher as investors await a decision from top producers on record output cuts extension.
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4 June 2020
OCTIO secures Norwegian Ormen Lange gas field survey work
Geological and geophysical services provider OCTIO Gravitude has secured a contract to provide gravimetry services for the Ormen Lange field in Norway.
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4 June 2020
Will production cut decision by OPEC and allies favour oil prices?
Oil producers led by the Organization of the Petroleum Exporting Countries (OPEC) and allies decided to cut production due to fall in demand and price.
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4 June 2020
Oil price crash: KrisEnergy suspends production at Wassana oil field
Singapore-based oil and gas company KrisEnergy has decided to suspend production at the Wassana oil field indefinitely as a result of the recent oil price crash.
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4 June 2020
Oil prices fall with concerns of output cuts, US distillate build-up
Oil prices have edged-down due to doubts over the extension of output cuts and a large build-up of distillate stocks in the US.
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3 June 2020
Covid-19 Live Timeline
Here's the timeline of how the Coronavirus outbreak evolved from Wuhan city in China and is spreading across the world and how it affects the oil and gas industry.
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3 June 2020
Siemens to supply equipment for Kasawari gas field offshore Malaysia
Siemens Gas and Power has secured a contract to supply industrial gas turbine generators (GTG), gas turbines and centrifugal compressors for a gas field development offshore Malaysia.
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3 June 2020
Petrochemical segment to pick-up faster than refinery and upstream following COVID-19: Poll
Fall in crude prices and reduced demand from end-user markets during the COVID-19 pandemic has significantly impacted the oil and gas industry forcing companies to postpone investments and stall existing...
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3 June 2020
Covid-19 has brought offshore reserves for sale to above 12.5bn boe
Oil and gas companies have accumulated assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural...