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      Brent crude declines below $98 on ample supplies

      America
      The price of Brent crude declined below $98 a barrel today due to weak demand and strong supplies.   Chances of a reduction in...

      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...

      Brent slips towards $97 despite talks of OPEC output cuts

      America
      The price of Brent crude dropped towards $97 a barrel today despite talks of lower output from the Organization of the Petroleum Exporting Countries...

      Eni makes new oil discovery in Block 15/06 offshore Angola

      Africa
      Eni has made the tenth commercial oil discovery at the deepwater Ochigufu exploration prospect in Block 15/06 offshore Angola. The company estimates the new discovery...

      Shell starts oil production from Cardamom field in Gulf of Mexico

      America
      Shell has started oil production from its Cardamom subsea development in the deepwater Gulf of Mexico.   Located in Garden Banks Block 427,...

      Four Norway companies join oil spill management project

      Europe
      Eni Norge, Statoil, Gdf Suez E&P Norge, OMV Norge and the Norwegian Coastal Administration have partnered with Aptomar on a new industry project to...

      Tullow Oil to sell Netherlands subsidiary to AU Energy

      Europe
      Tullow Oil has agreed to sell its Netherlands subsidiary to AU Energy, a subsidiary of Mercuria Energy, for €62.7m.   The transaction, which is...

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