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      Global Petroleum unit agrees Namibia licence extension

      Global Petroleum's Namibia subsidiary has agreed a 12-month extension on petroleum exploration licence No.29 in the Walvis Basin.   Jupiter Petroleum (Namibia) has agreed...

      Production starts at Tubular Bells field in US Gulf of Mexico

      Energy firm Hess and Chevron USA have commenced production at the Tubular Bells field, located in the Mississippi Canyon area of the deepwater US...

      Brent crude increases towards $80 ahead of OPEC meeting

      Brent crude increased to $80 a barrel today as struggling oil prices try to cope with ample supply concerns ahead of the Organization of...

      Xcite Energy signs MOU with China Oilfield Services for Bentley field, UK North Sea

      Xcite Energy has signed a memorandum of understanding (MOU) with China Oilfield Services (COSL) to purchase a harsh environment jack-up drilling rig for the...

      Oil falls to near $78 on Japan recession news

      The price of Brent crude oil dropped by more than $1 to near $78 a barrel on Monday, following news that Japan is now...

      GE opens $500m R&D centre in Brazil for subsea oil and gas research

      General Electric (GE) has opened its new $500m global research and development (R&D) centre in Brazil, which will focus on subsea oil and gas...

      GE to supply turbomachinery for Petronas’ second floating LNG facility

      GE Oil & Gas has secured a contract to supply its gas turbine-driven compressor train and mechanical drive technology to Malaysia's Petronas.   The...

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      Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

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