Oil

After several years in the doldrums. oilfield service companies are beginning to raise prices for their products and services. according to Rystad Energy.

Concern about slowing economic growth and a US-China trade dispute has pulled oil lower in recent weeks.

Norwegian energy giant Equinor has announced that it has bought up interest in a Brazilian oil discovery for more than £300 million.

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.

The UK oil and gas industry is starting to get ``very good`` at decommissioning. the sector’s top regulator said yesterday.

Shell’s Brent Bravo platform has been removed from the North Sea by Allseas’ heavy lift and pipelay vessel Pioneering Spirit.

One of the UK’s richest men is looking to expand his North Sea oil and gas portfolio after his exploration and production (E&.P) business returned to profitability in 2018.

OPEC proposed mid-July meetings with its allies in Vienna to discuss extending production cuts. after talks between Russia and Iran made some progress toward resolving a standoff over the date.

A senior Iranian petroleum ministry official announced on Tuesday that based on a new Memorandum of Understanding (MoU) between Tehran and Moscow. the two countries can use each others'. oil and gas industry equipment.

The OPEC meeting comes at a time of heightened geopolitical tensions in the Middle East.