Latest news
Rosneft Discovers New Field Offshore Sakhalin
As part of its exploration campaign, Rosneft Oil Company has successfully completed the drilling of the first prospecting and appraisal well at the Vostochno-Pribrezhny license block on the shelf of Sakhalin Island, resulting in the discovery of a new oil field.
read more... 01/10/2019
BP confirms ‘world-scale gas resource’ offshore Senegal
Oil major BP has confirmed a ‘world-scale gas resource’ offshore Senegal after drilling the Yakaar-2 appraisal well, using the Valaris DS-12 drillship.
read more... 23/09/2019
Polish PGNiG starts its 1st drilling as operator in Norwegian Sea
PGNiG Upstream Norway started drilling an exploration well in licence area PL838 (the Shrek prospect) on the Norwegian Continental Shelf, for the 1st time in the role of the operator.
read more... 02/09/2019
Wintershall Dea begun drilling 4 production wells on the Dvalin gas field in the Norwegian Sea
Wintershall Dea reported today that it has begun drilling 4 production wells on the Dvalin gas field in the Norwegian Sea, getting ready for the start of production in 2020.
read more... 13/08/2019
Daily (12.08.2019): European spot power prices plummeted by nearly 70% on Friday due to a surge in renewables output
Oil prices continued to climb on Friday, in response to weaker Euroilstock data, which showed a decrease in the total crude and product inventories of 16 European countries in July. Prices also drew support from OPEC supply cuts and Saudi Arabia’s commitment to bring the oil market back to balance. Hence, Brent crude rose by 2% to $58.53 a barrel. Concurrently, WTI futures surged by 3.7% to $54.50 a barrel, on lower production growth forecasts after U.S. drillers slashed the active oil rig count for a sixth straight week.
read more... 12/08/2019