Latest news
Norway approves extension to giant oilfield
Authorities in Norway have formally approved the development and operation of the second phase of the giant Johan Sverdrup oil field.
read more... 16/05/2019
Russia Oil Production Dips
Russia’s crude oil production averaged 11.16 million bpd in the first twelve days of May, Oil Price reported on Tuesday, citing two industry sources, which means that Moscow is finally within its cap under the OPEC+ deal.
read more... 15/05/2019
Equinor increases stake in Gulf of Mexico oilfield
Norwegian oil company Equinor has increased its stake in the Caesar Tonga oilfield in the U.S. Gulf of Mexico by buying Royal Dutch Shell’s 22.45% stake for $965 million in cash.
read more... 14/05/2019
Azerbaijan cuts average daily oil production within OPEC agreement
Azerbaijan has submitted the data on the daily oil production in the country for April 2019 to the joint technical commission of the OPEC monitoring committee, Trend reports referring to the country's Energy Ministry on May 11.
read more... 13/05/2019
BP sanctions Thunder Horse South expansion phase 2 project
Oil and gas giant BP said that it will move ahead with the Thunder Horse South expansion phase 2 project in the US Gulf of Mexico to draw an additional 50,000 gross barrels of oil equivalent per day (boe/d) from the Thunder Horse oil field.
read more... 08/05/2019