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      Oil drops below $97 on abundant supplies

      Europe
      The price of Brent crude declined below $97 a barrel today amid abundant supplies and weak European economic data, which outweighed increasing political tensions...

      Deep Sea Mooring secures contract from Repsol

      Europe
      Deep Sea Mooring (DSM) has secured a contract to provide a range of mooring services for Repsol's drilling operations on the Norwegian Continental Shelf....

      Oyster Petroleum to buy 25% stake in UK Central North Sea licence

      Europe
      Exploration and production firm Oyster Petroleum has entered into a farm-in agreement to acquire a 25% interest in licence P.1948 in the UK...

      Eni makes oil discovery in Ecuador

      Europe
      Italian energy firm Eni has made an oil discovery in Ecuador that could hold around 300 million barrels in place.   The company has...

      Statoil to sell several Norwegian assets to Wintershall

      Europe
      Statoil has agreed to sell several of its Norwegian oil and gas assets to Wintershall for $1.3bn.   The company will sell stakes in...

      EnQuest details UK offshore field development activities

      Europe
      ABERDEEN, UK – EnQuest has issued updates on its incremental field development programs in the UK North Sea. At Thistle/Deveron in the UK northern North...

      $3 Billion Pipeline Expansion To Address New England’s Natural Gas Needs

      Europe
      Spectra Energy and Northeast Utilities plan a $3 billion expansion project for the Algonquin and Maritimes pipelines to provide an additional 1 Bcf/d of...

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