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Rosneft Discovers New Field Offshore Sakhalin

As part of its exploration campaign, Rosneft Oil Company has successfully completed the drilling of the first prospecting and appraisal well at the Vostochno-Pribrezhny license block on the shelf of Sakhalin Island, resulting in the discovery of a new oil field.

read more... 01/10/2019

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ExxonMobil sells Norway offshore fields to Vår Energi for $4.5 billion

The U.S. major on Thursday said the deal was part of its plan to sell $15 billion worth of non-core assets by 2021.

read more... 27/09/2019

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Gas discovery in the Norwegian Sea

Equinor and its partners AkerBP and Wellesley Petroleum have found gas in the Ørn exploration well south-west of the Marulk field in the Norwegian Sea.

read more... 18/09/2019

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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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