Latest news
Aker Energy announces successful drilling results offshore Ghana
Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) Block, announces that it encountered oil in the Pecan South-1A well, offshore Ghana. A sidetrack will now be drilled to further appraise the volume potential.
read more... 05/03/2019
Equinor spuds Verbier appraisal well
Equinor has started drilling operations on Verbier appraisal well in the UK North Sea using the semi-submersible rig West Phoenix.
read more... 04/03/2019
Turkey set to begin oil and gas drilling off Cyprus
Turkey will begin drilling for oil and gas near Cyprus in coming days, state-owned news agency Anadolu reported Foreign Minister Mevlut Cavusoglu saying on Thursday, a move that could stoke tensions with neighbouring Cyprus and Greece.
read more... 22/02/2019
Daily (04.02.2019): Oil prices rose by 1.4% on Friday, amidst bullish U.S. jobs data and sanctions on Venezuelan exports
Oil prices inched up on Friday as U.S. data showed upbeat job growth figures. At the same time, U.S sanctions on Venezuelan oil exports and news that oil drillers will cut production also supported prices. Brent crude rose by 1.4% to 62.75 USD/bbl, while WTI crude hiked by 2.7% to settle at 55.26 USD/bbl
read more... 04/02/2019
Daily (29.01.2019): Brent crude dropped by nearly 3% on rising U.S. oil production and declining economic growth
Oil prices plunged on Monday, reaching its lowest level in the last 10 days after an increase in U.S. crude drilling production, and persisting concerns over a global economic decline. According to Reuters, U.S. drillers added 10 oil rigs last week expanding the market tendency towards oversupply. Brent crude dropped by 2.8% closing at 59.93 USD/bbl, while WTI crude was down by 3.2% settling at 51.99 USD/bbl.
read more... 29/01/2019