North Sea newcomers seek advantage in changed market
Delek Group is one of a string of North Sea newcomers targeting the ageing basin in the wake of the oil price crash.
oil news
Aminex dips into the red for the first half of the year
Aminex posted loss of $2,45million for the first half the year.
Ophir to take advantage of low costs and kick-start drilling
Ophir Energy today said it would capitalise on the low cost environment by restarting its drilling campaign.
Oil glut set to worsen as Nigeria and Libya fields restart
Amid the most enduring global oil glut in decades, two OPEC crude producers whose supplies have been crushed by domestic conflicts are preparing to add hundreds of thousands of barrels to world markets within weeks.
Deal or no deal, OPEC’s freeze talks are already succeeding
Even as speculation builds over whether OPEC will clinch an output deal with Russia this month, their negotiations are already paying off.
Oil holds longest run of gains in over a year as US glut eases
Oil held its advance after the longest run of gains in more than a year as U.S. crude and gasoline stockpiles declined, easing an overhang of supplies that are at the highest seasonal level in at least two decades.
Opinion: Restructuring on the horizon for oil and gas
The oil price drop has been severe, with a profound effect on the industry. Almost every business is reassessing how it operates and looking for ways to respond – cutting costs and discretionary capex, all the while enhancing production volumes to keep their head above water.
President Energy kick-starts drilling programme
President Energy has kick-started drilling operations in Argentina and Louisiana.
Oil drops as flows unhindered following coup attempt in Turkey
Oil declined following a failed coup in Turkey as shipments continued through the vital conduit from Russia and Iraq to the Mediterranean Sea.