The Biden administration is moving toward a release of at least another 10 million to 15 million barrels of oil from the nation’s emergency stockpile in a bid to balance markets and keep gasoline prices from climbing further, according to people familiar with the matter.
Donald Trump's decision to cancel a visit to Denmark next month after the prime minister described his plan to buy Greenland as "absurd" has taken the Danish royal palace by surprise, a spokeswoman said.
Politicians and activists that have been fighting to rein in Norway’s mighty oil industry are eyeing a breakthrough.
The White House plan to trim the national debt includes selling off half of the nation’s emergency oil stockpile, part of a broad series of changes proposed by President Donald Trump to the federal government’s role in energy markets.
Aberdeen-based international drilling and engineering contractor KCA Deutag has started work in Iraq.
BP has planted its flag in oil-rich Brazil for the first time with a £4.7billion deal for deepwater assets.
IN NORWAY, Grenland Group has picked up a contract worth about $5.4million from FMC Technologies for the construction of Troll B gas-injection subsea structures.
STATOILHYDRO and its partners in north-west Europe's largest offshore gas field, Troll, have chopped some of the further investment planned due to cost inflation and the slump in hydrocarbons prices.
Ramco Energy of Aberdeen said yesterday the joint venture between state-owned Iraqi Drilling Company and Ramco's 32.7%-owned Mesopotamia Petroleum had agreed a deal to explore for oil in the Middle Eastern country.