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Statoil launched its Valemon offshore oil and gas field
Norwegian oil and gas firm Statoil announced that the Valemon gas and condensate field in the North Sea started production on January 3.
read more... 06/01/2015
UK: BP confirms oil production from Kinnoull field in Central North Sea
UK’s oil major BP unveiled the start of oil production from Kinnoull field in the central North Sea, marking BP’s seventh and final major upstream project start-up in 2014.
read more... 05/01/2015
Daily: Crude oil prices fell amid stronger dollar, supply glut in U.S.
Crude oil prices eased on Friday as the dollar redressed and as an oversupply in the United States overtook worries about declining production from Libya.
read more... 29/12/2014
Daily: Crude oil prices decline as OPEC leader vows not to curb oil production
Crude oil prices resumed their downward trend on Monday on Saudi Arabia’s minister declarations that OPEC would not curb production at any price. Brent crude decreased by $1.27, or 2 percent, to settle at $60.11 a barrel after a session low of $59.84. U.S. crude's front-month contract declined $1.87, or 3.3 percent, to close at $55.26 a barrel.
read more... 23/12/2014
Kollsnes outage seen reducing Norway gas production by 13 MCM/day on Tuesday
Norway's gas production dropped by 13 million cubic metres per day (mcm) on Tuesday since Kollsnes gas processing plant, the country's largest, was closed on Monday because of external electricity supply loss, as stated by Norwegian gas system operator Gassco on Tuesday.
read more... 23/12/2014