News / International
Libyan Air Force Bomb Greek Oil Tanker
Libyan air force jets have bombed a Greek-operated oil tanker chartered by Libya's national oil company, killing two crew members.
Statoil Announces Valemon Offshore Oil and Gas Field on Stream
On 3 January the Valemon gas and condensate field in the North Sea was brought on stream by Statoil and partners. Recoverable reserves from the field are estimated at 192 million barrels of oil equivalent.
ConocoPhillips announces first oil production from the Eldfisk II Project
ConocoPhillips today announced first oil production from the Eldfisk II project in the Norwegian North Sea.
Shell’s Mars B Project Expands Gulf of Mexico Presence
Shell's Mars B project, located in the deepwater Gulf of Mexico, produced first oil in the first quarter of this year. It is the first time that significant infrastructure has been added to an existing deepwater field in the Gulf, says Shell.
Lime Petroleum Prepares to Drill Offshore UAE
Hibiscus Petroleum has issued a progress report on the activities of its part-owned subsidiary Lime Petroleum offshore the UAE.
Croatia Awards Exploration License to Eni
Eni was awarded an exploration license within the Croatian First Offshore Licensing Round. The License is referred to Block 9, which is situated in the Adriatic Offshore, a region where Eni is the exploration and production leader, having operated for several decades on both the Italian and Croatian sides.
U.S. opening of oil export tap widens battle for global market
The Obama administration has opened a new front in the global battle for oil market share, effectively clearing the way for the shipment of as much as a million barrels per day of ultra-light U.S. crude to the rest of the world.
Oil Extends Decline From 5 1/2-Year Low as Glut Persists
Oil fell for a third day, extending its drop from the lowest close since 2009, as record supplies from Iraq and Russia bolstered speculation that a global glut that drove crude into a bear market will persist.
