Oil & Gas News

Aker BP completes successful exploration well on Froskelår in Alvheim area
19.03.2019
175
Aker BP completes successful exploration well on Froskelår in Alvheim area
Aker BP has successfully completed the Froskelår Main exploration well in licence 869 in the A…
OPEC cancels April meeting, leaving price-boosting oil output cuts in place through June
19.03.2019
188
OPEC cancels April meeting, leaving price-boosting oil output cuts in place through June
OPEC and other major oil producers on Monday canceled a meeting planned for April, leaving the allia…
Spirit Energy brings Oda field online
19.03.2019
150
Spirit Energy brings Oda field online
The Oda field is Spirit Energy’s first development as operator on the Norwegian Continental Sh…
Siccar Point spuds Blackrock exploration well
19.03.2019
156
Siccar Point spuds Blackrock exploration well
Siccar Point Energy (Siccar Point) has commenced its 2019 drilling campaign with the spudding of an…
Oil prices are at risk of spiking as the Venezuelan crisis deepens
17.03.2019
413
Oil prices are at risk of spiking as the Venezuelan crisis deepens
The global oil market is a delicate thing. While roughly 100 million barrels per day (BPD) move arou…
Big oil has finally joined the digital revolution
17.03.2019
306
Big oil has finally joined the digital revolution
Big Tech was only too pleased to help Big Oil, seeing a new revenue stream in an industry long thoug…
Oil demand is beating bearish forecasts and will push prices above $70: Goldman Sachs
16.03.2019
378
Oil demand is beating bearish forecasts and will push prices above $70: Goldman Sachs
The world’s appetite for oil and gasoline is growing faster than many forecasters expected, pu…
Norway plans to expand arctic oil exploration areas
15.03.2019
306
Norway plans to expand arctic oil exploration areas
Norway plans to include a total of 90 new blocks in the so-called APA annual licensing round this ye…
Why Oil & Gas companies can’t snag millennial talent
15.03.2019
401
Why Oil & Gas companies can’t snag millennial talent
The oil and gas sector is facing a stiff competition in attracting young talent in science, technolo…
Oil prices to skyrocket if U.S. shale stalls
14.03.2019
618
Oil prices to skyrocket if U.S. shale stalls
A collapse of production in Venezuela, aggressive production curtailments from OPEC+, relatively str…
Eni makes major oil discovery offshore Angola
14.03.2019
361
Eni makes major oil discovery offshore Angola
Italy’s oil and gas major Eni said on Wednesday that it had made a major oil discovery in Ango…
Russian oil firms ready to cut production
13.03.2019
307
Russian oil firms ready to cut production
At an energy ministry meeting earlier this month, Russia’s oil majors confirmed that they woul…
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