Latest news
Transocean to acquire competitor Songa Offshore for $1.1 billion
One of the world’s biggest oil rig operator, Transocean, is about to acquire its Norwegian rival Songa Offshore. The acquisition will be carried out through shares and convertible bonds, all worth 9.1 billion crowns ($1.1 billion).
read more... 16/08/2017
OMV does not expect a cash call from Nord Stream 2 until the end of the year
OMV is confident that Gazprom-owned Nord Stream 2 won’t be making any more cash calls until the end of the current year. OMV has already settled the first €200 million portion of its funding obligation for the construction of the 55 bcm/year pipeline from Russia to Germany.
read more... 15/08/2017
Egypt: LNG imports will be reduced to 80 cargoes in 2017-18 year
Egypt intends to import 80 cargoes of liquefied natural gas during the 2017-18 financial year that started in July, as stated by Petroleum Minister Tarek El Molla on Sunday, or down from the 118 cargoes imported in 2016.
read more... 14/08/2017
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OPEC fails to reduce oil production, registers highest output of the year
OPEC oil output for July skyrocketed by 173,000 barrels a day to almost 32.9 million barrels, which once again proves that major oil producers can’t keep up with their plan to pump less oil.
read more... 11/08/2017
Libyan Sharara oil field shuts down gradually after closure of a control room in Zawiya
Sharara oil field in Lybia, which had a production of 270,000 barrels a day (bpd), is gradually closing after the closure of a control room in the northern city of Zawiya, as stated by an engineer at the field late on Sunday.
read more... 07/08/2017