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14 November 2018
Petrobras begins production at P-75 platform in Búzios field
Petrobras has commenced oil and natural gas production at its P-75 platform in the pre-salt area of the Santos Basin, offshore Brazil.
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14 November 2018
Oil prices continue to decline after 7% drop due to oversupply worries
Oil prices have continued to fall after declining 7% in the previous session over concerns that the market is oversupplied and investors are being unnerved by a faltering demand outlook.
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13 November 2018
Adnoc awards 25% stake in offshore ultra-sour gas project to Eni
Abu Dhabi National Oil Company (Adnoc) has signed an agreement to offer a 25% stake in its Ghasha ultra-sour gas offshore concession to Italian company Eni.
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13 November 2018
Brent crude prices fall 1% to drop below $70 per barrel
Brent crude prices have declined by around 1% to less than $70 per barrel after US President Donald Trump asked OPEC not to reduce production to stabilise the market.
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13 November 2018
Eni to sell 20% stake in Nour North Sinai Offshore concession
Italian exploration firm Eni has reached an agreement to divest a 20% interest in the Nour North Sinai Offshore concession in the East Nile Delta Basin, Egypt, to Mubadala Petroleum.
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12 November 2018
Iraq nearing deal with KRG to resume oil exports from Kirkuk
The Iraqi Government is reportedly close to reaching an agreement with the Kurdistan Regional Government (KRG) to resume oil exports from Kirkuk through KRG’s pipeline in view of the US...
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12 November 2018
Oil prices soar as Saudi Arabia announces supply cut
Oil prices have increased after Saudi Arabia announced a supply cut in December due to seasonal lower demand.
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12 November 2018
Rosenberg WorleyParsons wins EPCI contract from Lundin
Rosenberg WorleyParsons has secured an engineering, procurement, construction and installation contract (EPCI) from Lundin Norway at the Edvard Grieg platform in the North Sea.
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9 November 2018
Empyrean reports 9% increase in estimates for Chinese offshore block
Empyrean Energy has reported a 9% increase in the oil initially in place estimates over prospects in Block 29/11, Pearl River Mouth Basin, located in the South China Sea.
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9 November 2018
Deals this week: Serica Energy, Jumbo Offshore, Petrobras
Serica Energy has entered an agreement to acquire BHP Billiton Petroleum Great Britain’s (BHP) interests in the Bruce and Keith fields, as well as infrastructure in the North Sea, UK.
