Crude Oil News

 

Ireland: Providence Pens Barryroe Field Farmout Deal with SpotOn

9 hours ago

Ireland-based oil and gas company Providence Resources has signed a farm-out deal with SpotOn Energy for the offshore block in Ireland containing the Barryroe oil and gas discovery.Providence Resources, together with its partner Lansdowne Oil & Gas agreed to farm out a 50% working interest in SEL 1/11 offshore license containing the Barryroe field to the Norwegian firm SpotOn, months after it started the farm-out talks…

UK: Clean Energy Investments Could Grow North Sea Jobs to 232,000 by 2050

11 hours ago

The UK North Sea energy jobs count will drop by at least 20 percent in the coming years without urgent investment in the clean technologies needed to create a net-zero offshore energy system, a report by OGTC and Offshore Renewable Energy Catapult shows…

Premier Oil, Rockhopper, Navitas Take More Time for Sea Lion Deal

12 hours ago

Oil and gas firm Rockhopper Exploration, with an interest in the Sea Lion project off the Falkland Islands, and Premier Oil as the operator, have reached an agreement with Israeli firm Navitas Petroleum to extend the exclusivity period for the latter's farm-in into the project…

Reuters: OPEC Oil Output Rises for Fifth Month, as Libyan Production Offsets Cuts

13 hours ago

OPEC oil output rose for a fifth month in November, a Reuters survey found, as increased Libyan production offset full adherence by other producers to cuts agreed in an OPEC-led supply deal.The 13-member Organization of the Petroleum Exporting Countries has pumped 25…

Offshore Wind Firm Ørsted Can Keep Its Name, Court Rules

14 hours ago

The Danish Supreme Court on Monday ruled that offshore wind developer Ørsted can keep using its name, following a lawsuit brought after the company changed its name from DONG Energy to Ørsted back in 2017.The name change took place after DONG…

Polish Refiner PKN Increasing Renewables Focus. Sees Total Investment at $37B in 2020-2030

14 hours ago

Poland's biggest oil refiner PKN Orlen expects to invest around 140 billion zlotys ($37.45 billion) over the next ten years as it shifts focus to building clean energy sources rather than oil refining, it said on Monday.The company said in September…

Equinor Cleared to Drill Exploration Well in Johan Castberg License Area

16 hours ago

Norwegian oil giant Equinor has been cleared to drill an exploration well at the Isflak prospect in the Barents Sea.The well 7220/7-4 sits in the production license 532, in a water depth of 351 meters. The approval was granted by the safety regulator PSA Norway…

Australia: ExxonMobil Calls Off Sale of Gippsland Basin Fields

17 hours ago

ExxonMobil has called off the potential multibillion-dollar sale of its oil and gas assets in Australia’s Bass Strait, according to the Australian Financial Review.The decision by the U.S. oil major comes just six weeks after the deadline for…

Mozambique Unaware of Total, Exxon Offshore Resource Sharing Talks

Nov 27, 2020

Mozambique's National Petroleum Institute said on Friday it had not yet been notified of any intention by ExxonMobil and Total to renegotiate a resource-sharing agreement for their massive LNG projects in the country.Reuters reported earlier…

Guyana: CGX, Partners Get More Time to Drill Corentyne Block Well

Nov 27, 2020

Oil and gas company CGX, the operator of the Corentyne offshore block in Guyana, has, with its partners been given more time to drill a well in the block.Frontera Energy Corporation, a CGX partner in the Corentyne block, said Friday that, following…

U.S. Gulf Lease Sale: Oil Firms Ignore Threat of Potential Ban on New Offshore Leases

Nov 27, 2020

The U.S. administration last week held a region-wide Gulf of Mexico oil and gas exploration lease sale, in what was the last sale under the Trump administration, and potentially one of the last lease sales overall, as the new President-elect…

Petronas Posts 3Q Loss. Warns of Tough 4Q

Nov 27, 2020

Malaysian state-owned energy giant Petronas warned on Friday that the remainder of the year would remain tough due to prolonged low oil prices and moderate demand recovery hampered by the coronavirus, as it recorded a third-quarter loss.'Amid…

Top Six European Oil Firms Have Over 28GW of Renewables Capacity in Pipeline

Nov 27, 2020

European international oil companies (IOCs) are leading the way in terms of progressing strategies for renewable power growth, ahead of US players that have not, so far, made the same switch, energy intelligence firm GlobalData said.According to Global Data…

OPEC+ to Hold Informal Online Talks Ahead of Next Week's Meetings

Nov 27, 2020

OPEC+, a group of leading oil-producing countries, will hold informal online talks on Saturday prior to meetings scheduled for next week, a source with the knowledge of the matter said.OPEC+ is debating whether to ease oil output cuts from Jan…

Denmark: Nini West Field Suitable for Injection and Storage of CO2

Nov 27, 2020

A carbon capture and storage project in Denmark which entails storing CO2 under the Danish North Sea seabed has cleared the first major hurdle after the intended subsea reservoir was confirmed feasible for CO2 injection by independent certification…

Current News

Ireland: Providence Pens Barryroe Field Farmout Deal with SpotOn

Ireland: Providence Pens Barryroe Field Farmout Deal with SpotOn

UK: Clean Energy Investments Could Grow North Sea Jobs to 232,000 by 2050

UK: Clean Energy Investments Could Grow North Sea Jobs to 232,000 by 2050

Brazil: PGS to Resume Campos Basin 3D Seismic Survey in December

Brazil: PGS to Resume Campos Basin 3D Seismic Survey in December

Premier Oil, Rockhopper, Navitas Take More Time for Sea Lion Deal

Premier Oil, Rockhopper, Navitas Take More Time for Sea Lion Deal

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