Latest news
Russia Set to Overshoot Oil Quota Yet Again Ahead of OPEC Talks
Russia, OPEC’s largest ally in a deal to cut oil production, is once again failing to keep its side of the bargain.
read more... 28/11/2019
Norway's Johan Sverdrup oil giant producing well over 300,000 barrels a day, six weeks from start-up
Norway's giant Johan Sverdrup oil field is producing at rates "well above" 300,000 b/d, state-controlled Equinor said Tuesday, as official data showed the country's oil output starting to recover.
read more... 20/11/2019
BP: Total production from Azeri-Chirag-Gunashi oil field exceeded 3,6 billion barrels
A total of 3,6 billion tons of oil has been produced since the commissioning of operation of Azeri-Chirag-Gunashli (ACG) fields, according to BP.
read more... 14/11/2019
Israeli oil firm underlines faith in North Sea after $2bn expansion move
Israeli oil firm Delek has underlined its readiness to increase investment in the North Sea after completing a $2 billion (£1.6bn) acquisition in the area.
read more... 12/11/2019
Iran finds new oilfield of massive size
Iranian President Hassan Rouhani on Sunday said a new big oilfield has been discovered in Khuzestan province in southwestern Iran.
read more... 11/11/2019