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.
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21 January 2020
Oil prices settle after Libyan crisis shuts down production
Oil prices have settled today after yesterday’s spike, which occurred after two Libyan oilfields began to shut down in response to a military blockade by renegade general Khalifa Haftar.
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21 January 2020
Oil prices fall as Libya supply concerns grow dim
Oil prices have fallen as markets expect Libya's production to return to normal after the declaration of a force majeure.
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21 January 2020
Maersk Drilling wins contract extension from Aker BP for jack-up rig
Aker BP has awarded a two-well contract extension to Danish rig operator Maersk for its Integrator ultra-harsh environment jack-up rig.
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20 January 2020
“No energy company will be unaffected by clean energy transitions,” says IEA report
The International Energy Agency (IEA) has released a peer-reviewed report today, focussed on the efforts of oil and gas companies to reduce their environmental footprints, concluding that companies’ failure to...
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20 January 2020
Lamprell wins jack-up rig deal in Saudi Arabia from IMI
UAE-based oil rigs manufacturer Lamprell has secured a contract from International Maritime Industries (IMI) for the delivery of two jack-up drilling rigs.
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20 January 2020
Cyprus accuses Turkey of illegal drilling operations
The government of Cyprus has called Turkey a “pirate state” after Ankara announced on Friday that the drilling ship Yavuz started to conduct its third drilling operation on the southern...
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20 January 2020
Oil prices soar high amid Libyan crude pipeline shutdowns
Oil prices have risen following the shutdown of two large crude production bases in Libya due to a military blockade.