Russia and Saudi Arabia discuss the situation on the oil market
Russian Deputy Prime Minister Alexander Novak announced that Saudi Arabia and Russia will discuss the situation on the oil market…
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Equinor: Floating offshore wind farm to supply renewable power to North Sea fields
Norwegian oil and gas giant Equinor and its partners in the Troll and Oseberg offshore fields are looking into options…
Hidroelectrica could launch offshore wind projects in the Black Sea
Romania should use the offshore wind potential of the Black Sea to produce cheap energy, an idea that has not…
Exxon eyes UK North Sea exit after 50-year presence
Exxon Mobil is considering an exit from the British North Sea after more than 50 years in the oil and…
IEA sees oil markets tightening as Venezuelan output collapses
Global oil markets are tightening quickly on falling supply from Venezuela, which posted 2017’s biggest unplanned output fall and could…
UK: Energy supply start-up folds following gas price shock
The first casualty of Britain’s recent gas supply shock has emerged after a small supply start-up said it would need…
Total, Eni, Statoil seek buyers for North Sea Teesside terminal
Total, Eni and Statoil are seeking buyers for their stake in the Teesside oil terminal in northern England, which receives…
Gazprom wants more than 25 percent of OMV North Sea assets
Gazprom wants more than 25 percent of OMV’s Norwegian North Sea holding company but is being prevented from taking a…
A site of 100 billion barrels of oil was discovered in the UK
British oil Exploration Company U.K. Oil & Gas Investments (UKOG) believes it has found the most important onshore oil field…
Britain creates new oil and gas regulator to tackle falling output
Britain said it would create a new oil and gas regulator which will help UK explorers speed up their search…
Statoil could extract gas at half the cost
In a quest to tap huge gas reserves worth an estimated 30 billion dollars, the norwegian company launched in mid-August,…
OMV pays a record 2.65 billion dollars for Statoil North Sea oil fields
Norway’s Statoil has sold to OMV 19 percent of Gullfaks oil field, 24 percent of Gudrun and agreed optional cooperation…