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.
CNOOC Limited today announced that the company has successfully made a new mid-to-large sized natural gas discovery at Lingshui 25-1.
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.
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.
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.
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.