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Norway Puts Oil, Gas Resource Potential, Growth In Spotlight

2019-10-01 21:00:00| OGI

The Norwegian Petroleum Directorate estimates 8.3 billion standard cubic meters of recoverable resources remain on the Norwegian Continental Shelf, mostly in the North Sea.

Tags: potential growth resource gas

 

Iran Building Oil Pipeline To Terminal Outside Gulf

2019-10-01 17:09:19| OGI

Tehran has threatened to block the vital Gulf oil shipping route during its standoff with the United States, after Washington last year withdrew from Iran's 2015 nuclear deal with world powers and reimposed sanctions, including on Tehran's vital oil exports.

Tags: building oil iran terminal

 
 

Australias Explorers Step Up Hunt For Oil After Big Find

2019-10-01 15:34:17| OGI

Several companies grabbed acreage in waters off Western Australia last year after Quadrant Energy, now owned by Santos Ltd., struck oil in the Dorado Field, Australias biggest oil find since 1996.

Tags: find big step oil

 

Global Oil Supply Seems Bullish

2019-10-01 14:00:00| OGI

Shale has relegated peak oil supply concerns to the dustbin of history; now worries are focused on the potential for peak demand.

Tags: global supply oil bullish

 

Oil Search Managing Director Peter Botten To Retire In 2020 After 25 years

2019-10-01 03:34:43| OGI

Papua New Guinea's biggest company Oil Search Ltd. said on Oct. 1 long-serving managing director Peter Botten will retire from the firm next year after 25 years in the role.

Tags: search years director peter

 

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