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BP awards key contracts for $6 billion worth Caspian Sea project

BP, as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development, has awarded key contracts for the the Azeri-Central-East (ACE) project located in the Azerbaijan’s sector of the Caspian Sea. Some of the construction activities have already started and will run through mid-2022.

read more... 17/09/2019

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Oil prices rise sharply after attack on Saudi oil fields

Crude oil prices rose by more than 10 percent at the start of Monday's trading day in Asia due to the attack on two oil plants in Saudi Arabia. The price of Brent oil in Singapore rose by $ 11.73 ($ 10.59) to $ 71.95 per barrel, before falling back to below $ 68.

read more... 16/09/2019

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Netherlands to halt Groningen gas production by 2022

The Netherlands will halt production at Groningen, Europe’s largest onshore natural gas field, by 2022, eight years earlier than initially planned, the Dutch government said on Tuesday.

read more... 11/09/2019

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Equinor sees Johan Sverdrup oil field output rising to 660,000 bpd by 2022

Output from Equinor ASA’s new Johan Sverdrup oil field in the North Sea will rise to 660,000 barrels per day (bpd) by 2022, from 440,000 bpd at the end of this year, a company executive said on Monday.

read more... 09/09/2019

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Equinor begins production from Snefrid Nord gas field offshore Norway

The Snefrid Nord gas field in the Norwegian Sea has been developed with an investment of £110m as a tie back to the Aasta Hansteen gas field

read more... 05/09/2019

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