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Oil prices grow over hopes of production cut

2016-11-30 01:00:00| Offshore Technology

Oil prices have risen by 7% as producers meet in Vienna today and may reach a deal on reducing oil production to support prices.

Tags: prices production cut oil

 

Nostra Terra completes acquisition of 80% working interest in Pine Mills oil field, Texas

2016-11-30 01:00:00| Hydrocarbons Technology

US and Egypt-focused oil and gas company Nostra Terra has announced its completion of an 80% working interest acquisition in certain oil and gas interests at Pine Mills oil field and associated assets in Wood County, Texas.

Tags: working interest field texas

 
 

Vietnam ends crude oil refinery project due to delays

2016-11-29 01:00:00| Hydrocarbons Technology

Vietnam has decided to put an end to an $538m oil refinery project after investors failed to initiate construction even after eight years of securing a licence.

Tags: due project oil ends

 

Europa Oil and Gas to sell 10% interest of Wressle Discovery to Upland Resources

2016-11-29 01:00:00| Hydrocarbons Technology

Europa Oil and Gas has announced that its fully owned subsidiary has signed an agreement with Upland Resources to sell 10% interest of PEDL180 and PEDL182 licences in North Lincolnshire.

Tags: to resources interest sell

 

Oil prices fall on doubts over OPEC production cut decision

2016-11-29 01:00:00| Offshore Technology

Oil prices have fallen amid increasing concerns that prominent fuel exporters may not reach an agreement to reduce oil output in the meeting scheduled for tomorrow.

Tags: prices fall production decision

 

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