Crude oil prices added ground on Tuesday, after data showed a much larger-than-expected fall in the U.S. crude stocks. Meanwhile, weaker demand forecasts and the full restart of Libya’s largest oil field reduced gains. Against that backdrop, Brent crude traded 0.9% higher at $63.83 a barrel, while WTI futures closed 1% up, at $56.77 a barrel.
read more... 24/07/2019
Equinor Energy and its partners ExxonMobil and Vår Energi have started production from the Trestakk field in the Norwegian Sea on time and under budget.
read more... 17/07/2019
The Norwegian oil and gas giant will hold a 4.9% stake in the Swedish company while increasing its ownership in the Johan Sverdrup field.
read more... 08/07/2019
Lundin Petroleum has confirmed more oil reserves in the PL338 license on the Utsira High on the Norwegian continental shelf through the drilling of the 16/1-31 S (Jorvik) and (16/1-31 A) Tellus East exploration wells.
read more... 21/06/2019
Reabold Resources and its partners Union Jack Oil and Rathlin Energy have announced the discovery of what could potentially be the UK’s largest onshore gas field.
read more... 20/06/2019