Lundin Petroleum reported a significant increase in its revenue for the third quarter, helped by higher output at the Edvard Grieg field.
After several years of delays, the first oil batch has finally been shipped from the Kashagan offshore field, located in the Caspian Sea.
Technip has been awarded a subsea contract by Petrobras Carigali for the Samarang Redevelopment Project offshore Malaysia.
Royal Dutch Shell is reportedly selling its participation in various offshore fields in Malaysia, according to media sources.
Gunmen have reportedly kidnapped a Romanian engineer working for Dextron Nigeria in the Niger Delta this week, another case of oil terrorism in Nigeria.
Three Norwegian agencies have concluded their investigation of a crude oil spill from Statfjord’s OLS B loading buoy on October 8, 2015.
Crude oil prices jumped sharply on Wednesday after the Organisation of Petroleum Exporting Countries (OPEC) agreed to limit oil production.