20 August 2019
Lundin Norway finds oil in North Sea’s Goddo prospect
Lundin Norway, a wholly owned subsidiary of Lundin Petroleum, has discovered oil by spudding an exploration well at the Goddo prospect in the North Sea.
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19 August 2019
Global crude prices jump over escalating tensions in the Middle-East
Crude prices jumped more than 1% after Yemeni separatists carried out a drone attack on a Saudi Arabian oil facility during the weekend.
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19 August 2019
Hunting acquires riser technologies developer RTIES
UK-based energy services group Hunting has acquired the business and assets of RTI Energy Systems (RTIES), which delivers production riser technologies for deep water applications within the oil and gas...
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16 August 2019
Crude prices recover amid reports of increase in US retail sales
After two days of decline, global crude oil prices have risen by more than 1% amid an increase in US retail sales.
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16 August 2019
Rosenberg Worley secures Jotun FPSO life extension contract
Rosenberg Worley has secured an engineering, procurement, construction and installation (EPCI) contract for the lifetime extension of the Jotun floating production storage and offloading (FPSO) vessel.
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14 August 2019
Oil prices fall on weak Chinese economic data and rising US reserves
Oil prices again slipped losing some earlier gains on reports of weak economic data from China and a rise in US inventories.
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14 August 2019
ExxonMobil considers sale of UK North Sea assets
Energy company ExxonMobil reportedly held talks with several North Sea operators regarding the sale of its assets in the UK North Sea.
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14 August 2019
Cluff completes North Sea licence farm-out
Cluff Natural Resources has completed the farm-out of Licence P2437 to Shell UK, following the receipt of regulatory approval from the Oil and Gas Authority (OGA).
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13 August 2019
Oil prices slip over prolonged demand concerns and rising US production
Global oil prices fell as weak demand forecasts negated the expectations that major producers will restrict production to prevent the recent decline in crude prices.
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13 August 2019
COOEC Offshore and Expro form alliance to provide RWI services
Chinese offshore and subsea solutions company, COOEC Offshore, has formed an alliance with Expro to venture into deepwater Riserless Well Intervention (RWI) to strengthen its service offering.