Oil prices dip on concerns about fresh Covid-19 clampdowns in China
Crude oil prices have dropped over concerns that the new Covid-19 pandemic restrictions in China...
Energean makes investment decision on NEA/NI project offshore Egypt
Energean has made the final investment decision (FID) on the North El Amriya and North...
Oil prices slip following rise in US crude inventories
Crude oil prices have dipped after a surprise increase in US crude stocks, reigniting fuel...
Wood to provide late life solutions for Morecambe Bay fields offshore UK
Engineering services company Wood has received a $130m contract from oil firm Spirit Energy to...
Norway awards 61 production licences for exploration acreage on NCS
The Norwegian Ministry of Petroleum and Energy has awarded 30 oil companies with ownership interests...
Oil prices gain on new stimulus prospects under Biden Administration
Oil prices have increased amid hopes that the new US administration would announce a stimulus...
Maersk wins two deepwater drilling contracts in Suriname from Total
Danish offshore drilling rig operator Maersk Drilling has received a contract from French oil major...
Romania’s OMV Petrom to invest €32m in new Black Sea drilling campaign
OMV Petrom has earmarked approximately €32m for the drilling campaign at two new development wells...
Oil prices inch up despite rising concerns over fuel demand
Brent oil prices have edged up slightly in spite of rising concerns that renewed Covid-19...
Marubeni mulling to divest oil and gas fields in UK North Sea
Japanese firm Marubeni is reportedly considering selling its main oil and gas fields in the...