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Construction Starts on Gazprom's Kharasaveyskoye Gas Field

Russian President Vladimir Putin has overseen the official start of the full-scale development of Gazprom's Kharasaveyskoye gas field on the Yamal Peninsula.

read more... 22/03/2019

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Aker BP makes oil and gas discovery near North Sea’s Bøyla field

The oil and gas discovery by Aker BP was made through the drilling of wildcat well 24/9-14 S and a horizontal appraisal well, called 24/9-14 A, in the Froskelår Main prospect located the Alvheim area.

read more... 21/03/2019

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Daily (27.02.2019): Brent crude rebounded on Tuesday on OPEC’s strong commitment to continue production cuts

Crude oil prices resumed their upward trend on Tuesday, stimulated by OPEC’s intention to proceed with production cuts until inventories will decrease to their five-year average, despite President Trump’s recent tweet. U.S. Sanctions on Venezuela and the official decision to restart Libya’s largest oilfield, EL Sahara, also lent support to prices. Brent oil rose by 0.7% to $65.21 a barrel. Meanwhile, WTI futures struggled to pare earlier losses in a stabilizing market, settling at $55.50 a barrel.

read more... 27/02/2019

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Israel, Cyprus, Greece and Italy are expected to sign an intergovernmental agreement for the EU-backed EastMed pipeline project in March.

Israel, Cyprus, Greece and Italy are expected to sign an intergovernmental agreement for the EU-backed EastMed pipeline project in March to transport natural gas from Israel’s Leviathan field and Cypriot fields via Crete to Italy, and then onward to the rest of Europe.

read more... 26/02/2019

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Shell to develop $10b Bonga field

OIL giant Shell’s Bonga South West/Aparo (BSWA) deepwater project, located in Oil Mining Lease (OML) 118 in the Niger Delta, is set for development, it was learnt yesterday.

read more... 13/02/2019

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