Oil & Gas News

Cuba would need to spend $2 billion a year for oil if Venezuela stops deliveries
23.03.2019
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Cuba would need to spend $2 billion a year for oil if Venezuela stops deliveries
Cuba would have to spend nearly $2 billion a year to meet its domestic oil needs if Venezuela’…
Oil price forecast: frothy with high likelihood of Trump tweet storm
22.03.2019
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Oil price forecast: frothy with high likelihood of Trump tweet storm
The cost of Brent crude oil is now higher than it was at the same time last year. The international…
Morgan Stanley: oil to rise to $75 this summer
21.03.2019
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Morgan Stanley: oil to rise to $75 this summer
Brent Crude prices could reach $75 a barrel in the third quarter this year as the oil market will li…
Oil tops $60 for first time since November after US crude stockpiles plunge
20.03.2019
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Oil tops $60 for first time since November after US crude stockpiles plunge
U.S. crude oil surged higher on Wednesday, topping $60 a barrel for the first time in about four mon…
Second surprise crude oil draw sends prices higher
20.03.2019
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Second surprise crude oil draw sends prices higher
The American Petroleum Institute (API) reported a surprise draw in crude oil inventory of 2.133 mill…
Ukraine announces second, third licensing rounds
20.03.2019
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Ukraine announces second, third licensing rounds
Ukraine outlined terms for its second and third licensing rounds. Bidding will be done using an onli…
Shearwater awarded acquisition and processing contract in Turkey
19.03.2019
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Shearwater awarded acquisition and processing contract in Turkey
GC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices ("Shearwater&…
Aker BP completes successful exploration well on Froskelår in Alvheim area
19.03.2019
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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
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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
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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
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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
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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…
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