Market reports - Page 4
Stay up to date with the latest Market reports updates from the global world expro industry
Norway grants record 75 new offshore exploration leases
Norway awarded a record seventy-five new offshore oil exploration leases to companies in its latest bidding round, according to a new report by Reuters.
Shell oks first UK North Sea project in six years
Royal Dutch Shell gave the green light on Monday for an expansion of the Penguins oil and gas field in the UK North Sea, its first major new project in the ageing basin in six years.
Crude oil demand will grow for next ten years
Takayuki Nogami, a chief economist of the Japan Oil, Gas and Metals National Corporation, spoke to Oil Industry News about the current crude oil market with The Yomiuri Shimbun....
Geopolitical wildcards could push oil beyond $70
Two of this week’s main market highlights were the continued oil prices rally – with Brent touching above $70 a barrel on Thursday for the first time since December 2014 – and a...
Shale restraint could lift oil to $80
Brent recently hit $70 per barrel and WTI surpassed $64.50, and oil executives from the Middle East to Texas no doubt popped some champagne.
PetroChina’s biggest refinery doubles Russian pipeline oil intake
Since the new Russia-China oil supply agreement took effect at the start of the year, PetroChina’s largest refinery has almost doubled the amount of Russian pipeline crude oil that it...
A rare high-profile utility takeover
Dominion Energy, Virginia’s largest utility, has announced a takeover of holding company SCANA.
Petrofac awarded rotating equipment management services contract by Chrysaor
Petrofac has been awarded a rotating equipment management services contract in support of Chrysaor’s operations on the UK Continental Shelf (UKCS).
Iranian crisis could send oil to $100
Oil prices started the year on a high note as some geopolitical tension pushed aside bearish concerns. Both WTI and Brent opened above $60 per barrel for the first time in years.
Oil sees strongest start of year since 2014
Brent crude and West Texas Intermediate both started trading in 2018 above US$60 a barrel for the first time since January 2014, before prices collapsed.
Bartell Machinery partners with Automated Dynamics
Manufacturing companies work to bring composites to industrial applications.
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.
