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OMV gets extension to drill well off Otago Coast
Oil company OMV has been granted a two-year extension for drilling an exploratory well in the Great Southern Basin off the Otago Coast.
read more... 17/10/2018
Poland Buys Nigerian Oil In Latest Attempt To Cut Russia Oil Dependence
Poland’s largest oil refiner, state-run PKN Orlen, has bought its first ever Nigerian crude oil cargo expected to arrive in mid-October, the Polish company’s chief executive told Reutersamid Poland’s ongoing efforts to cut its reliance on Russian oil.
read more... 09/10/2018
Equinor finds new oil reserves at Cape Vulture discovery in Norwegian Sea
Equinor and its partner ENI and Petoro have completed the drilling of appraisal well on the Cape Vulture discovery in the Norwegian Sea.
read more... 05/10/2018
Russian oil production jumps to post-Soviet high
Russia is ramping up crude oil output after OPEC and other countries agreed to ease production curbs. In September, Russia produced a record amount of oil in its modern history.
read more... 03/10/2018
West of Shetland deal provides big boost for oil and gas industry
Norwegian oil and gas giant Equinor has shown huge confidence in the potential of the West of Shetland area by striking a deal to buy in to Rosebank, which it described as one of the biggest undeveloped finds on the UK Continental Shelf.
read more... 02/10/2018