According to the EIA, OPEC members' net oil export revenue in 2015 dropped to its lowest level since 2004.
Drilling & production - 26 August 2016
The Njord A platform arrived at Kværner Stord on Thursday 25 August. The platform will now be reinforced and renovated for production beyond 2030.
Sound Energy has confirmed the commencement of drilling of the second well at Tendrara, onshore Morocco.
The Norwegian Petroleum Directorate (NPD) has given the go-ahead for using the B platform on the Gullfaks field in the North Sea until 1 January 2036, which corresponds to the length of the production licence.