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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

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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

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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

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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

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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

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