Upstream

Norwegian oil and gas firm Statoil has started production at its Fram H-North and Svalin C fields in the North...

Europe

Statoil to sell several Norwegian assets to Wintershall

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

Brent declines below $97 on weak Chinese economic data

The price of Brent crude oil traded below $97 per barrel on Monday amid weak Chinese economic data. Reuters...

Asia Pacific

Fox Petroleum plans to build FSRU LNG terminal in Karnataka, India

Fox Petroleum has unveiled its plans to construct a floating storage regasification unit (FSRU) liquefied natural gas (LNG) terminal in...

Oil trades below $98, recovering from two-year low

The price of Brent crude traded at just below $98 a barrel on Tuesday, recovering from its decline to a...

Africa

Mitsubishi to acquire 20% stake in Ivory Coast offshore oilfield

Mitsubishi has agreed to acquire a 20% ownership interest in an offshore oilfield offshore Ivory Coast from Anadarko Petroleum. ...

Brent crude oil steadies at $99 on hopes of OPEC output cut

The price of Brent crude oil has steadied at $99 per barrel on Wednesday on expectations that the Organization of...

Asia Pacific

ONGC Videsh to explore oil and gas offshore Vietnam

India-based ONGC Videsh has agreed to participate in the exploration of oil and gas offshore Vietnam. ONGC Videsh signed...

SBM Offshore to work with Noble Energy in two US GoM fields

Netherlands-based SBM Offshore has secured a contract to work with Noble Energy in the US Gulf of Mexico (GoM) at...

GE Oil & Gas secures subsea equipment contract from Petrobras