Latest news
Norske Shell completes $526m sale of stakes in NCS fields to OKEA
Royal Dutch Shell’s subsidiary Norske Shell has completed its previously announced NOK4.52bn ($526m) sale of its stakes in the Draugen and Gjøa fields located offshore Norway to OKEA.
read more... 04/12/2018
Rosneft inked contract on delivery of up to 2.4 mln tonnes of oil with ChemChina
Russian oil giant Rosneft said on Thursday it had signed a contract with China National Chemical Corporation (ChemChina) on the delivery of up to 2.4 million tonnes of oil to the Asian country in the course of 12 months.
read more... 29/11/2018
BP begins production from £4.5bn Clair Ridge development offshore UK
BP has announced the start of oil production from the £4.5bn Clair Ridge project in the West of Shetland region offshore UK.
read more... 23/11/2018
Norway's Equinor strikes Malaysia LPG deal with Global Petro Storage
Equinor and Global Petro Storage (GPS) have entered into a long-term agreement to build and operate a terminal and storage facility for liquefied petroleum gas (LPG) at Port Klang in Malaysia, the Norwegian company said on Thursday.
read more... 22/11/2018
BP plans to spend over $1bn in Egypt in 2019
BP is planning to spend more than a billion dollars on its assets in Egypt in the coming year. According to Bob Dudley, BP chief executive, the company will spend $1.8 billion in Egypt and an additional $1 billion annually in Abu Dhabi on new discoveries and licensing rounds as it looks to expand its operations in the Middle East.
read more... 16/11/2018