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Norway's Statoil planning more drilling![]() ![]() Stavanger, Norway (UPI) Jan 4, 2017 Norwegian energy major Statoil said it would drill 30 percent more exploration wells than it did in 2016 and most of those will be in domestic basins. The oil and gas company, in which the Norwegian government has a stake, said it plans to drill approximately 30 exploration wells this year, compared with 23 last year. More than half of the new wells planned for this year will target basins on the Norwegian continental shelf. Tim Dodson, executive vice president for exploration, said in a ... read more |
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![]() All ties are severed between Exxon Mobil and Rex Tillerson to address any conflicts of interest if he's confirmed as U.S. secretary of state, the company said. ... more ![]() ![]() Crude oil prices lost some ground in early Wednesday trading as competing narratives pulled on market direction after sharp volatility in the previous session. ... more ![]() ![]() Nigeria's state oil company said more than 30 companies, with nearly half of those foreign entities, have received one-year term contracts for crude oil. ... more ![]() ![]() An agreement to cut oil production to meet with the terms of an OPEC agreement reached in November holds through the first quarter, a Kuwaiti company said. ... more |
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![]() German utility group RWE said it would work with port officials to create infrastructure to fuel vessels with cleaner-burning liquefied natural gas. ... more ![]() ![]() French energy services company Technip said its position in gas- and oil-rich Azerbaijan is strengthened by a service contract with a state energy firm. ... more ![]() ![]() French utility company EDF said commercial operations started at Europe's only terminal for natural gas that's connected to two regional markets. ... more ![]() ![]() Norwegian energy company Statoil said it moved into the majority position at a field in the northern parts of the North Sea, a focal point for the company. ... more ![]() ![]() Government data show Russia, a main component of a managed decline from world producers, turned out 2.5 percent more oil year-on-year. ... more |
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![]() ![]() New taxes, higher oil prices hurt U.S. drive ![]() ![]() Iran has published a list of 29 major companies from Europe and Asia approved to bid for oil and gas projects after the lifting of sanctions over its nuclear programme. ... more ![]() ![]() More than two dozen foreign oil and natural gas companies are qualified to get in line as Iran's energy sector opens up to investors, the government said. ... more |
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