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

    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.

  • 15 January 2012

    Rialto Energy secures funding for Gazelle field

    Australia-based independent oil and gas company Rialto Energy has entered a principle agreement with the International Finance Corporation (IFC) for a proposed investment of $20m in an oilfield offshore the...

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