World oil demand will rise much more than expected this year, the International Energy Agency (IEA) said on Thursday, in the latest sign that the collapse in oil prices is helping to boost fuel use.
ExxonMobil has received consent from the Petroleum Safety Authority (PSA) Norway to use Jotun A and Jotun B, in the North Sea, beyond the originally planned lifetime.
A strike planned at Aberdeen International Airport has now officially been averted after union bosses and airport chiefs agreed on a new improved annual pay offer.
Norwegian Electromagnetic Geoservices ASA (EMGS) has entered into three new data licensing agreements with oil companies for the provision of 3D EM data from EMGS’ multi-client data library in the Barents Sea.
Lundin Petroleum has completed the drilling of appraisal well 7220/11-2 and sidetrack 7220/11-2 A in the western part of the Alta discovery in PL609, in the Barents Sea, offshore Norway.
Saudi Arabia is ready to increase its oil output in the coming months to a new record to meet a rise in global demand, despite increased domestic use, a senior state oil company official said on Thursday.
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