Latest news
Russia, Saudi agree to extend OPEC production cut deal: Vladimir Putin
Russia and Saudi Arabia have agreed to extend a deal to keep oil production low owing to abundant world supplies, President Vladimir Putin said on Saturday.
read more... 01/07/2019
Equinor to collaborate with OMV on Norwegian Sea projects
Norwegian giant Equinor has signed two memorandums of understandings (MoU) with Austrian integrated oil and gas company OMV to collaborate on the Hades/Iris discovery and the Wisting development in the Norwegian Continental Shelf.
read more... 28/06/2019
Repsol announces first oil from Buckskin project ‘ahead of schedule’
Spanish oil firm Repsol has announced it has achieved first oil from its deep-water Buckskin project in the Gulf Of Mexico.
read more... 26/06/2019
Lundin makes two oil discoveries near Edvard Grieg field offshore Norway
Lundin Petroleum has confirmed more oil reserves in the PL338 license on the Utsira High on the Norwegian continental shelf through the drilling of the 16/1-31 S (Jorvik) and (16/1-31 A) Tellus East exploration wells.
read more... 21/06/2019
Azerbaijan increases oil production in May, fulfills OPEC obligations
Azerbaijan increased oil production from 683,000 barrels per day in April to 776,000 barrels per day in May, while the country fulfils its obligations under the OPEC + deal, Trendreports referring to the Azerbaijani Energy Ministry.
read more... 12/06/2019