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![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/08/oil-rig.jpg)
Tightening global supply lifts oil prices ahead of Iran sanctions
Oil prices have risen due to tightening global supply as Iranian crude exports decline following US sanctions.
![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/09/NC_platform.jpg)
Italy’s Eni ramps up production at Zohr gas field in Egypt
Italian oil and gas company Eni has announced that its Zohr gas field in Egypt is currently producing two billion cubic feet per day (bcfd), equivalent to about 365,000 barrels of oil equivalent per day (boed).
![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/09/Agucadoura_WindFloat_Prototype.jpg)
Floating wind technology could reduce Equinor’s offshore emissions
Norwegian energy giant Equinor has announced it will explore the potential of floating wind technology and electrification to reduce greenhouse gas emissions from its offshore oil facilities.
![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/09/Offshore-Platform.jpg)
Geoquip Marine secures offshore investment from Njord Partners
Swiss geotechnical engineering and drilling firm Geoquip Marine has secured an offshore development investment from specialist European investment fund Njord Partners.
![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/09/Azinam_Portfolio_2018.png)
Azinam to acquire stakes in two oil fields offshore South Africa
Azinam, the South West African oil exploration firm, has announced purchase of a 40% and 51% operating interest in Block 3B/4B and in Nearshore Block 3B/4B, from Ricocure.
Oil prices rise as US crude stockpiles dip, Iran sanctions loom
Oil prices have soared on a reported fall in US crude stockpiles, and as expectations of tightening supply increased in the wake of impending US sanctions on Iran’s crude exports.
![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/09/17918967973_63189915f4_k.jpg)
Oil strikes: the North Sea’s summer of discontent
Offshore strikes in Norway and the UK have made summer 2018 a season of discontent for the industry. What are the production impacts of strikes such as these in mature hydrocarbon regions, and how can the industry reduce the chances of further disruption from strike action?
Faroe Petroleum secures well drilling permit offshore Norway
Faroe Petroleum Norge has secured a well drilling permit from the Norwegian Petroleum Directorate (NPD) to explore well 30/6-30 of its Rungne PL825 licence in the North Sea.
![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/07/rig.jpg)
Oil supply concerns ahead of US sanctions on Iran raise prices
Brent crude and US West Texas Intermediate (WTI) prices increased on Friday over oil supply concerns ahead of the November deadline on US sanctions on Iran.
![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/09/Total-Paris.jpg)
Total to buy 25% stake in the Orinduik block offshore Guyana
Total Petroleum’s wholly-owned subsidiary Total E&P Activités Pétrolières has triggered its option to acquire a 25% working interest in the Orinduik block offshore Guyana, from Eco Atlantic (Guyana).
Deals this week: Veolia-Peterson JV, EnQuest, Aker BP
The Veolia-Peterson JV has been subcontracted by Allseas to provide decommissioning services in the North Sea.
![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/08/Oil-rig-1-1.jpg)
Oil prices rise despite increase from top crude producers
Oil prices have risen as worries over supplies weighed on assurances that the top crude producers; Saudi Arabia, Russia and the US, have increased output.
![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/09/800px-West_Texas_Pumpjack.jpg)
US to become top oil producer in the world, EIA estimates
US is estimated to have become the largest crude oil producer in the world, likely exceeding top oil producers Saudi Arabia and Russia, according to the Energy Information Administration (EIA).
![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/08/oil-rig.jpg)
UK oil and gas firms will not be affected by Brexit, says government
The UK Government stated that exiting the European Union without a deal following the March 2019 deadline will not cause any impact on the operational landscape for UK oil and gas firms.
![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/09/Shell-Wetselaar.jpg)
Shell pledges to reduce methane emissions in oil and gas sector
Energy giant Shell has announced new targets to reduce its methane emissions from oil and natural gas extraction and transportation operations.
![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/09/oil-tanks.jpg)
Oil prices fall as Trump announces further tariffs on Chinese imports
Global oil prices fell after latest announcement made by US President Donald Trump regarding additional tariffs on imports from China clouded the crude demand outlook from the two countries.
![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/09/Zennor-Petroleum.jpg)
Zennor North Sea to buy interests in UK Continental Shelf licences
Zennor Petroleum's completely owned subsidiary, Zennor North Sea has signed an agreement with Mitsui E&P UK (MEPUK) to acquire interests in UK Continental Shelf licences P.213, Block 16/26a, Area B and P.345 Block 16/27b Area B, which represent an 8.97% working interest in the Britannia Field.
![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/09/beirut-e1537262014741.jpeg)
After years of delays, Lebanon finally kick starts oil & gas licensing
After years of delays, Lebanon kick-started the process of licensing its oil and gas reserves in 2017, with the passing of two decrees mapping out the conditions for auctioning energy assets, and the passing of a draft petroleum tax law laying out payment terms for future licensees.
![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/09/1200px-Oil_rigs_North_Sea_oil_Scotland_UK.jpg)
Has a new era of small producers arrived in the UK North Sea?
The latest round of offshore licensing for the North Sea has been important for the rise in smaller new players bidding for blocks. The trend is all the more significant when big players like Total announce they are putting all their North Sea assets up for sale. Are we seeing the dawn of a new era of small companies dominating the North Sea?
![](https://www.offshore-technology.com/wp-content/uploads/sites/20/2018/09/aker-solutions-petrobras.jpg)
Aker Solutions wins services contract in Campos Basin offshore Brazil
Aker Solutions has received a contract from Petrobras to provide maintenance and modifications services for nine oil and gas platforms in the Campos Basin offshore Brazil.
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