Brent crude oil falls to US$53 in light of dwindling demand
The price of Brent crude oil fell by 6% to US$53 on the 5th of January, signalling the worst first Monday of the year on record.
The price of Brent crude oil fell by 6% to US$53 on the 5th of January, signalling the worst first Monday of the year on record.
Helix, OneSubsea and Schlumberger announced today the execution of the definitive agreements for the companies’ non-incorporated alliance.
Chevron Corporation today announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico.
Hallin Marine announced the highly successful outcome of a unique project for COOEC Subsea Technology.
Pacific Rubiales Energy Corp. today provided an update on oil flow test results in the Kangaroo-2 appraisal well, located in the Santos Basin, Brazil.
Otto Energy Ltd. (Otto) announced on Tuesday that the joint venture with Swala has successfully completed a 267 mile 2D seismic program.
DNO ASA and Entreprise Tunisienne d'Activités Pétrolière announced today the completion of drilling of the Jawhara-3 well on the permit.
The Bureau of Land Management (BLM) in Alaska has announced the results of the 2014 Lease Sale.
Australian Government has released 28 proposed areas for the 2015 Offshore Petroleum Exploration Acreage Release.
Dyna-Mac Holdings Ltd has been awarded a US$71.2 million contract for 10 units of FPSO topsides modules destined for Premier Oil’s Catcher oilfields.
The global oil and gas industry is entering a challenging 2015 based on stubbornly low oil prices, Moody's Investors Service says in a new report.
Fluid samples and cable test conducted in reservoirs located at a depth of some 4300 m confirmed the presence of excellent quality oil.
Primeline Energy Holdings Inc. today announced that commercial production has now commenced at its LS36-1 gas field.
Confirmation of 2014 block offers, 2015 block proposals and an update from Pan Pacific Petroleum.
Analysts at Rystad Energy consider the falling breakeven price of shale, considering today’s oil price climate.
Moving rigs or jackups requires experience and the co-ordination of all stakeholders.
Chevron has become the latest major operator to join Viper Subsea’s Joint Industry Project.
The dry well is located northwest of the 16/2-6 Johan Sverdrup discovery.
Reports expect most US exploration and production (E&P) companies to show good organic reserve replacement and growth in proven reserves for 2014.
TethysAralGaz LLP has received permission to extend the Akkulka Exploration Contract for another four years.