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China's state-owned crude oil refineries (Sinopec, PetroChina, CNOOC, and Sinochem) have increased their crude oil refining rates from an average of 76% in May to 80% of capacity in June,...
Oilfield services firm COSL Drilling Europe has signed a letter of intent (LoI) for the use of COSLInnovator semi-submersible rig on the Norwegian Continental Shelf (NCS).
Premier Oil’s creditors have approved the company’s acquisition of BP’s interests in the producing Andrew Area and Shearwater fields in the UK North Sea under amended terms.
Oil prices have dropped as a resurgence of the Covid-19 cases across the globe weighs on fuel demand recovery hopes.
UK-based offshore operator Neptune Energy has awarded a subsea inspection contract to geo-data specialist Fugro for its Cygnus gas field in the southern North Sea.
Dutch floating production storage and offloading (FPSO) vessel operator SBM Offshore has closed a $600m bridge loan facility for the financing of the construction of FPSO Sepetiba.
Oil prices have inched lower after the US recorded its biggest one-day surge in Covid-19 cases adding concerns that the resurgence in cases would stall fuel demand recovery.
Subsurface data company TGS and Norwegian survey services firm Petroleum Geo-Services (PGS) have released final 3D seismic data results from their Torngat survey offshore Labrador, Canada.
Offshore installation and construction firm Subsea 7 has secured a sizeable contract by Aker BP for the Hod Field Development Project in the southern part of the Norwegian North Sea.
Oil prices have increased by 1% after the American Petroleum Institute (API) data showed more than expected fall in the US crude inventories.
