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U.S. and Norwegian oil majors Chevron and Equinor have become the latest target of activist investors moving to force five…
Iraq has agreed a deal with U.S. company Schlumberger Ltd to drill 40 wells in the giant Majnoon oilfield, the…
Wednesday, 19 December 2018 03:41

Norway November Oil, Gas Output Missed Forecast

Norway's November oil and gas output was lower than originally expected due to a collision between a navy frigate and…
Tuesday, 18 December 2018 18:16

CNOOC in Cooperation Pact with Nine Oil Majors

China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, ConocoPhillips, Equinor,…
Tuesday, 18 December 2018 18:15

President Energy Strikes Oil in Argentina

UK-based oil and gas company President Energy President Energy has encountered oil in the third and final well of its…
Oil prices tumbled on Tuesday after reports of swelling inventories and forecasts that record U.S. and Russian output will hit…
Monday, 17 December 2018 06:10

Mexico Targets 50% Jump in Oil Output

Mexico aims to lift oil and gas production by almost 50 percent in the next six years and in January…
Oil prices rose on Monday after a key Middle East oil minister suggested the market was rebalancing, but investor sentiment…
British oilfield services company Hunting Plc expects oil and gas producers to defer some projects as a recent decline in…
Sunday, 16 December 2018 17:32

Block Energy Recovers Oil at West Rustavi

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce that more…