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French energy group Total and Algeria's Sonatrach sign new agreements

French energy group Total and Algerian state-owned firm Sonatrach have signed new agreements, including a contract to develop the Erg Issouane gas field and plans to create a joint venture, Total said.

read more... 08/10/2018


Regulator approves BP’s £200 million development of Vorlich field

BP have been given approval to drill in the Vorlich field in the central North Sea.

read more... 27/09/2018


BW Offshore begins oil production from Tortue field offshore Gabon

BW Offshore and Panoro Energy have reported first oil production from the Tortue field in the Dussafu license offshore Gabon, using the BW Adolo floating production storage and offloading (FPSO) vessel.

read more... 19/09/2018


Daily (10.09.2018): Carbon contracts posted a 10% weekly gain on Friday

Friday saw a steady evolution in oil prices, with U.S. crude dropping on weak global equity markets, while Brent saw an upward trend due to geopolitical factors, including violent protests in the southern Iraqi city of Basra. Brent crude price rose by 0.4% to close at $76.83 a barrel, resulting in a 0.8% decrease for the week. In spite of the fact that Iraqi protesters entered a 400,000 barrel per day oilfield facility operated by Lukoil and held two staff members hostage, WTI crude insignificantly slipped to trade at $67.75 a barrel.

read more... 10/09/2018


Gazprom begins start-up operations at 3rd gas production facility of Bovanenkovskoye field

Gazprom continues to implement the extensive Eastern Gas Program and to build facilities associated with supplying gas to domestic consumers and to China.

read more... 07/09/2018