Latest news
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
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
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
Equinor completes acquisition with Shell in the US Gulf of Mexico
The Bureau of Ocean Energy Management has approved Equinor and Shell’s transaction announced in May 2019, whereby Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of $965 million in cash.
read more... 20/08/2019
Lundin makes small oil discovery at Goddo prospect in North Sea
The discovery was made at the wildcat well 16/5-8 S, in the production license 815, about 14 kilometers south of the Edvard Grieg field in the central part of the Norwegian sector of the North Sea.
read more... 19/08/2019