Latest news
Global oil consumption stagnates leaving prices under pressure
Global oil consumption has stalled since the middle of 2018, making lower oil prices inevitable despite the best efforts of Saudi Arabia and its allies to reduce production.
read more... 24/07/2019
United Oil and Gas acquiring Egypt explorer for £13m with help from BP
United Oil and Gas (UOG) plans to acquire Rockhopper Egypt for £12.8m with help from BP.
read more... 23/07/2019
Russia’s oil output rebounds from 3-year-low
Russia’s oil production in the past few days has recovered to the ceiling that Moscow has pledged in the OPEC+ deal, Russian Energy Minister Alexander Novak said, after output had dropped to nearly 3-year lows in the 1st days of July, Oilprice reported.
read more... 22/07/2019
Polish LNG terminal receives 64th cargo
Polish liquefied natural gas import facility the President Lech Kaczyński terminal in Świnoujście has received a new cargo on Tuesday, July 16.
read more... 18/07/2019
Equinor and partners begin production from Norwegian Sea’s Trestakk field
Equinor Energy and its partners ExxonMobil and Vår Energi have started production from the Trestakk field in the Norwegian Sea on time and under budget.
read more... 17/07/2019