Global Energy Industry News

Statoil reports $432m quarterly net loss

October 27, 2016
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Norwegian oil major outlines further cuts in capital spending amid low crude prices Read full story ›

Source:: FT.com Oil and Gas […]

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Oil Trades Near 3-Week Low as OPEC Deal Faces ‘Stumbling Blocks’

October 27, 2016
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By hellenicshippingnews Oil traded near a three-week low below $50 a barrel as traders remained skeptical that OPEC will manage to curtail production following its surprise deal in Algiers last month. Futures rose 0.3 percent in New York after falling 1.6 percent Wednesday. OPEC Secretary […]

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Europa Oil & Gas announces publication of 1.5 billion boe CPR on Offshore Ireland Licence

October 26, 2016
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Europa Oil Gas Holdings plc the AIM listed oil and gas exploration development and production company focused on Europe is pleased to announce that following the conclusion of the 2015 Atlanti

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Source:: Oil Voice […]

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5 difficult things OPEC must do if it really wants an oil output cap

October 26, 2016
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By hellenicshippingnews Members of the Organization of the Petroleum Exporting Countries have their work cut out for them five weeks ahead of a much-anticipated meeting in Vienna, where they’re scheduled to complete a plan to curb oil output and help eliminate a global crude glut. The […]

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