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Tag: oil
OMV finds oil at Wisting appraisal well in Barents Sea
2017-09-19 01:00:00| Offshore Technology
Oil and gas company OMV (Norge) has discovered oil at 7324/8-1 (Wisting) in the Barents Sea after drilling appraisal well 7324/8-3 located within production licence 537.
Oil prices remain stable as fall in OPEC supplies offsets rising US production
2017-09-19 01:00:00| Offshore Technology
Oil prices have remained largely stable as the Organization of the Petroleum Exporting Countries (OPEC) countries indicated a fall in supplies but the impact was largely offset due to rising US shale output.
Tags: us
prices
fall
production
Armour Energy signs agreement to explore oil resources in Uganda
2017-09-18 01:00:00| Hydrocarbons Technology
Australias Armour Energy has signed an agreement with the Government of Uganda to explore oil resources in the country.
Tags: resources
agreement
energy
oil
Oil prices improve over fall in rig count
2017-09-18 01:00:00| Offshore Technology
Oil prices have improved over the reports of fall in US drilling activity and with the support of rising refinery production after the impact of hurricane Harvey.
Tags: prices
improve
fall
count
Report: Global oil and gas production projected to increase by 2021
2017-09-15 01:00:00| Offshore Technology
Oil and gas production is expected to increase worldwide by 7.3% to 62,722 million barrels of oil equivalent (Mboe) by 2021, according to a forecast in a report by GlobalData.
Tags: report
increase
global
production
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