News / International
Second Deepwater Oil Discovery Confirmed Offshore Brazil
Petrobras has confirmed a second oil find in the Fanfan area in the deepwater Sergipe-Alagoas basin offshore Brazil.
McDermott Completes Offshore Indonesia Platform
McDermott International Inc. has completed the installation of a 3,086-ton central processing platform (CPP) topsides at the Kepodang gas field offshore Indonesia.
Statoil Awards Service Contracts for Seven Bases
Statoil has awarded the service contracts for seven bases for the company in Norway.
Total Flares Out Ofon Offshore Development Field in Nigeria
Total has completed the flare out of the Ofon field on Oil Mining Lease (OML) 102 offshore Nigeria. The associated gas of the Ofon field is now being compressed, evacuated to shore and monetized via Nigeria LNG.
Clashes Continue at Libyan Oil Ports
Rival Libyan troops have clashed over two of the country's main oil terminals for a second day, leading to their closure.
Oil Price Drop Forces Nigeria to Adjust Budget
Nigeria has been forced to revise its budget following the dramatic fall in the price of oil.
Iraq’s Crude Exports Increased in December
Iraq's crude oil exports reached 2.94 million b/d in December, a new record high, taking the country's 2014 monthly average to 2.517 million b/d, as the recent deal with Kurdish authorities begins to bear fruit.
Kuwaiti Oil Drops to $47.36
The price of Kuwaiti oil went down by $3.99 Monday to $47.36 per barrel compared to $51.35 last Friday, said Kuwait Petroleum Corporation (KPC) Tuesday.
