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Latest Market reports Update
Saudi Aramco expects to have 900 billion barrels of oil resources by 2025,...
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Petrofac wins ultra-deepwater contract in Nova Scotia
Petrofac has been awarded a contract to work with the government of Nova Scotia to help identify the best way forward to exploit its ultra-deepwater oil potential.
Optimism in UK’s offshore oil and gas industry falling
Optimism in the UK’s offshore oil and gas is declining, statistics show. The Oil & Gas UK Business Sentiment Index for the second quarter of 2014 revealed that a recent drop of...
Oil and Gas workforce to be mapped out in new study
A major new study will provide comprehensive data on the UK upstream oil and gas labour market for the first time.The study, to be carried out by advisory experts EY, was commissioned...
Statoil divests 10% interest in Angola blocks
Statoil ASA has divested 10% interest to Colombia’s state-owned Ecopetrol SA in Blocks 38 and 39 in the Kwanza basin offshore Angola.
TOTAL sells stake in Shah Deniz field
TOTAL has sold its 10% stake in the Shah Deniz field and South Caucasus pipeline to the state-owned Turkish Petroleum (TPAO) for $1.5 billion.
BP reports $3.2 billion profits for Q1 2014
Multinational BP has reported a 23% drop in profits to $3.22 billion (£1.92 billion) for the first quarter of 2014.
Myanmar awards 20 offshore exploration tenders
Myanmar has awarded tenders to explore for oil and gas in its 20 offshore blocks to international energy companies including Royal Dutch Shell, ConocoPhillips and Total SA.
Petrobras CEO nominated to list of most influential people in business
Petrobras president Maria das Graças Silva Foster is among 200 finalists pre-selected by American broadcaster CNBC. In the coming months, a list of 25 names will be determined through...