Oil & Gas News

BP finds hidden trove of oil in Gulf of Mexico
03.05.2017
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BP finds hidden trove of oil in Gulf of Mexico
British oil’s superior BP has newly discovered 200 million barrels of oil in a hidden cache lo…
Exploration drilling kicks off in Abu Sennan
03.05.2017
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Exploration drilling kicks off in Abu Sennan
Drilling has begun at the Abu Sennan concession, in Egypt, Rockhopper Exploration said on April 26.…
Shell signs Block 42 agreement in Oman
02.05.2017
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Shell signs Block 42 agreement in Oman
Royal Dutch Shell has signed a heads of agreement to collaborate on Block 42 with Oman Oil Company E…
Paramount Resources to sell its oil and gas properties in Valhalla for approx. $150 million
02.05.2017
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Paramount Resources to sell its oil and gas properties in Valhalla for approx. $150 million
Paramount Resources Ltd. (TSX:POU) ("Paramount" or the "Company") is pleased to…
Iran Sees Positive Signals For OPEC's Output Cut Extension
02.05.2017
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Iran Sees Positive Signals For OPEC's Output Cut Extension
Iran's Oil Minister said April 29 OPEC and non-OPEC countries had given positive signals for an…
Five European energy companies sign on to Nord Stream 2
30.04.2017
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Five European energy companies sign on to Nord Stream 2
Royal Dutch Shell, Austria’s OMV, France’s Engie and Germany’s Uniper and Wintersh…
BP agrees sale of interest in SECCO to Sinopec
29.04.2017
2 804
BP agrees sale of interest in SECCO to Sinopec
BP today announced that it has agreed to sell its 50% stake in the Shanghai SECCO Petrochemical Comp…
Europa Oil & Gas identified four significant new prospects on offshore Ireland license
28.04.2017
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Europa Oil & Gas identified four significant new prospects on offshore Ireland license
Europa Oil & Gas (Holdings) plc, the AIM traded, UK and Ireland focused, oil and gas exploration…
Shell completes sale of Vivo Energy stake to Vital Africa BV
28.04.2017
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Shell completes sale of Vivo Energy stake to Vital Africa BV
Shell has completed the sale of its 20% interest in Vivo Energy Holding B.V. to Vitol Africa B.V. fo…
Rosneft and Statoil strike out in Sea of Okhotsk
28.04.2017
1 007
Rosneft and Statoil strike out in Sea of Okhotsk
Russia’s Rosneft and Norway’s Statoil have failed to find commercially viable oil reserv…
Oil Shortage Feared by 2020 as Discoveries Fall to Record Low
27.04.2017
1 827
Oil Shortage Feared by 2020 as Discoveries Fall to Record Low
Global oil discoveries fell to a record low in 2016, the International Energy Agency says, raising f…
China sees shale output soar
27.04.2017
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China sees shale output soar
New data from Beijing have shown that China recorded a 50.4% year-on-year increase in shale gas outp…
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