Latest news
BP awards key contracts for $6 billion worth Caspian Sea project
BP, as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development, has awarded key contracts for the the Azeri-Central-East (ACE) project located in the Azerbaijan’s sector of the Caspian Sea. Some of the construction activities have already started and will run through mid-2022.
read more... 17/09/2019
Oil prices rise sharply after attack on Saudi oil fields
Crude oil prices rose by more than 10 percent at the start of Monday's trading day in Asia due to the attack on two oil plants in Saudi Arabia. The price of Brent oil in Singapore rose by $ 11.73 ($ 10.59) to $ 71.95 per barrel, before falling back to below $ 68.
read more... 16/09/2019
Equinor sees Johan Sverdrup oil field output rising to 660,000 bpd by 2022
Output from Equinor ASA’s new Johan Sverdrup oil field in the North Sea will rise to 660,000 barrels per day (bpd) by 2022, from 440,000 bpd at the end of this year, a company executive said on Monday.
read more... 09/09/2019
Russia’s Rosneft to build up its own LNG project
Russia’s oil and gas company, Rosneft and its Sakhalin-1 partners have decided to go ahead with their Far East LNG project.
read more... 06/09/2019
Novatek wins license to support new LNG project
Russian independent gas producer Novatek said its Arctic LNG 1 subsidiary has won a 27-year exploration and production license in the Yamal region, paving the way for a new liquefied natural gas (LNG) project.
read more... 03/09/2019