Norway’s government awarded on Wednesday 10 new licenses for offshore oil and gas exploration in the Barents Sea, including three in previously untapped waters near the Russian border.
read more... 19/05/2016
Crude oil prices boosted about 1 percent on Monday after figures indicated crude stockpiles at the Cushing, Oklahoma delivery hub plunged for the first time since January and ahead of the expiration of the U.S. front-month contract. However, oil increase was capped by worries that U.S. energy companies could boost drilling again after a two-month long recovery in crude prices. Brent crude futures for May delivery rose 34 cents, or 0.8 percent, to settle at $41.54 a barrel. Brent has rebounded 53 percent from 12-year lows of $27.10 attaint on January 20. U.S. crude's futures for April delivery climbed 47 cents, or 1.2 percent, to close at $39.91, expiring as the front-month.
read more... 22/03/2016
Spain's Repsol has unveiled a discovery of 4 trillion cubic feet (tcf) of possible natural gas reserves in Bolivia that it will start drilling in 2019.
read more... 22/02/2016
Italian energy major Eni has invested $4 billion in the development of the first phase of Egypt's giant offshore Mediterranean gas field, Zohr, comprising the drilling of four wells, according to an Egyptian official.
read more... 16/02/2016
UK oil giant BP is planning to slash 4,000 jobs internationally due to declining profits as a result of oil price collapse.
read more... 14/01/2016