Iran’s budget counts on raking in around $30 billion from oil and gas condensate exports.
Read More »Oil Price Jumps After US Spy Drone Violating Iran`s Airspace Shot Down
The price of oil spiked on Thursday just hours after a US spy drone violating Iranian airspace was shot down by the Islamic Revolution Guards Corps (IRGC) close to the Strait of Hormuz.
Read More »Chrysaor Buys into Apache’s North Sea Exploration Acreage
Private-equity back oil firm Chrysaor has snapped up stakes in a number of UK North Sea licences containing exploration prospects from US business Apache.
Read More »Oil Heads for Weekly Rise as US-Iran Tensions Worsen
Oil in London headed for its biggest weekly gain since February as escalating tensions between the U.S. and Iran fanned fears of conflict that would disrupt energy supplies from the Middle East.
Read More »Oilfield Service Firms Starting to Lift Prices
After several years in the doldrums. oilfield service companies are beginning to raise prices for their products and services. according to Rystad Energy.
Read More »Oil Prices Jump 5% on US-Iran Tensions
Concern about slowing economic growth and a US-China trade dispute has pulled oil lower in recent weeks.
Read More »Equinor Completes Purchase of Brazilian Oil Discovery For £300m
Norwegian energy giant Equinor has announced that it has bought up interest in a Brazilian oil discovery for more than £300 million.
Read More »Uncertain OPEC Should Keep Current Cuts Flat
OPEC nations may be at odds with each other. but all they need to do is extend their current crude oil cutbacks through the end of the year to help keep the market relatively balanced. according to a new report.
Read More »UK Oil Industry Getting Very Good at Decommissioning
The UK oil and gas industry is starting to get ``very good`` at decommissioning. the sector’s top regulator said yesterday.
Read More »Brent Bravo Platform Removed from North Sea by Pioneering Spirit
Shell’s Brent Bravo platform has been removed from the North Sea by Allseas’ heavy lift and pipelay vessel Pioneering Spirit.
Read More »