Oil market to recover by 2017, says IEA February 23, 2016 // 2 Comments The International Energy Agency (IEA) says that the oil prices will rise once the supply and demand balance by 2017. In [...]
Mobil pipeline to improve jet fuel supply for Melbourne Airport February 22, 2016 // 4 Comments Mobil Oil Australia Pty Ltd (Mobil) will construct a 2.7 km pipeline that will connect the company’s Yarraville Terminal [...]
Statoil cancels contract with sub-leased rig February 19, 2016 // 3 Comments Statoil has decided to cancel the contract with Maersk Gallant. The Maersk rig has been on contract with Statoil for two [...]
Sinopec to close four oilfields February 18, 2016 // 5 Comments The China Petroleum & Chemical Corp, or Sinopec, announced that it will close four least profitable oilfields in Shengli [...]
Petroceltic sells Egyptian assets to Edison February 18, 2016 // 2 Comments Oil and gas company Petroceltic International announces the completion of the sale of certain exploration licences in Egypt [...]
Woodside expands African presence February 18, 2016 // 2 Comments Woodside Energy entered into an agreement with Impact Oil & Gas AGC Ltd to acquire a 65% participating interest in the [...]
Statoil strengthens its position in Uruguay February 17, 2016 // 3 Comments Statoil signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the [...]
OMV initiates process to sell OMV Petrol Ofisi February 17, 2016 // 1 Comment The OMV Group announces to initiate a process to sell up to 100% of its wholly owned subsidiary OMV Petrol Ofisi A. S., a [...]
BP, Oman Oil develop second phase of Khazzan gas field February 15, 2016 // 3 Comments BP and Oman Oil signed with the Government of the Sultanate of Oman to extend the license to explore the Oman Block 61 to [...]
ACCA shares four focus areas for O&G businesses February 15, 2016 // 1 Comment A new report from ACCA (the Association of Chartered Certified Accountants) outlines key focus areas business leaders in the [...]