Equinor has sold a 40.81% equity interest in the Bressay oil field in the Northern North Sea to UK-based petroleum exploration firm EnQuest.
India has described the latest decisions by OPEC regarding oil supply as confusing, even as many importers are seeing their expectations of higher volumes disappointed.
Oil and gas supermajor Total has said it will not renew its membership in the American Petroleum Institute (API) for 2021 due to divergences with the main U.S. oil lobby over climate policies.
Total has announced a new discovery of oil and gas offshore Suriname in the Guyana-Suriname basin, alongside Apache Corporation.
The Federal Government is currently taking measures to mitigate the impact of the oil output cut deal by the organization of the Petroleum Exporting Countries and its allies.
Equinor has embarked on an expansion project estimated to add nearly 200 million barrels of recoverable oil reserves extending the production life of the field until 2040.
Norwegian engineering firm Aker Solutions has signed a letter of intent (LoI) with Equinor to deliver subsea production system (SPS) for the Kristin Sør oil and gas satellite fields in the North Sea.
Just a week after clashing with its OPEC partners over production limits, the United Arab Emirates has awarded oil-exploration rights to Occidental Petroleum Corp., moving quickly to expand output capacity.
There are indications that Iran is expecting the U.S. to ease some sanctions under a Joe Biden presidency according to reports, and is therefore preparing to raise oil production.
A new development and operation plan have been approved for Norway’s Hod oil field located in the North Sea.