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21 May 2019
Oil prices edge up as US-Iran tensions continue to increase
Oil prices increased due to growing tensions between the US and Iran, as well as over expectations of OPEC to continue with supply-cuts in 2019.
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21 May 2019
ExxonMobil in talks with Repsol and Ineos for sale of Gulf assets
ExxonMobil is reportedly in negotiations with Spain’s Repsol and Ineos Group to sell a package of oil fields located in the Gulf of Mexico.
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21 May 2019
Eni-led consortium wins exploration block offshore Argentina
An Eni-led consortium has bagged the exploration licence for offshore block MLO 124 in the International Bid Round conducted by the Government of Argentina.
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20 May 2019
Greenpeace blockades BP’s London headquarters ahead of AGM
Greenpeace activists have blocked the entrances to BP’s London headquarters, to protest the oil major’s oil and gas exploration operations.
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20 May 2019
Oil prices surge after OPEC signals supply cuts may continue
Oil prices have reached multi-week highs after indications emerged from the OPEC that it was likely to maintain production cuts through the end of 2019.
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20 May 2019
Pakistan fails to find oil and gas reserves in latest offshore campaign
Pakistan’s hopes to discover large oil and gas resources off its Karachi coast were dashed after the latest offshore drilling campaign failed to find any hydrocarbon reserves.
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20 May 2019
Modec orders compressor trains from Man Energy for Mexican FPSO
Modec, a Japanese firm which supplies offshore floating platforms, has awarded a contract to Man Energy Solutions for six centrifugal compressor trains.
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17 May 2019
Australian politicians pledge to assess Bight drilling plans
Australia’s major political parties have announced plans to commission independent assessments of Equinor’s plans in the Great Australian Bight.
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17 May 2019
Lukoil begins commercial production of two Baltic Sea wells
Russian oil and gas company Lukoil has started commercial operation of two horizontal wells at the D41 offshore field in the Baltic Sea.
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17 May 2019
Talon Petroleum completes EnCounter Oil acquisition
Australian oil and gas explorer Talon Petroleum has completed its previously announced acquisition of EnCounter Oil.