News

  • 17 January 2012

    AGR wins Statoil well-management contract in Norway

    AGR, a provider of technologies and services to the petroleum industry, has been awarded a frame contract worth Nkr100m-130m ($17m-21m) from Statoil to provide well-management services in Norway.

  • 17 January 2012

    Brent rises as dollar weakens

    Oil prices increased this morning, as the dollar weakened and large positive economic indicators mitigated demand concerns triggered by the European debt crisis.

  • 16 January 2012

    Oil gains on China demand

    Oil markets rose on expectations of steady demand growth after China, the world's second-largest oil consumer, posted an 8.9% growth for the fourth quarter of 2011.

  • 15 January 2012

    Oil gains over Iranian supply worries

    Oil prices rose over worries about supply disruptions after Iran warned of consequences if Arabian Gulf oil producers raise their output to replace Iranian barrels.

  • 15 January 2012

    Santos approves Fletcher Finucane oil project

    Australian oil and gas exploration and production company Santos has approved the A$490m ($505m) Finucane oil project in the Carnarvon Basin, offshore Western Australia.

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