Greenpeace activists chained themselves to empty oil drums at the gates of a Chevron shale gas exploration well in eastern Romania, blocking access to the site in their campaign for a ban on hydraulic fracturing. The two dozen activists, who were said to be from a number of different European [...]

Brent crude prices hovered near a three-week low just above $110 a barrel on Monday, hurt by a potential rise in oil supply as Libya gears up to resume exports from two ports that have been closed for nearly a year. The benchmark dropped 2.3% last week, its biggest weekly [...]

Brent futures held steady around $111 a barrel on Friday on signs of an improving demand outlook, although the benchmark is still set to post its biggest weekly loss since early January as supply worries that have rattled oil markets for weeks recede. US oil futures are down for a [...]

France’s CGG has opened up a subsurface imaging centre in Yangon in anticipation of growth in Myanmar’s oil and gas exploration sector. CGG opened the centre to give its international and local upstream companies in Myanmar onsite access to its imaging technology and expertise. It will also serve as a [...]

The UK’s Wood Group Kenny has been awarded a subsea engineering services contract on the Tullow-operated Tweneboa, Enyenra and Ntomme (TEN) project, off Ghana. Wood Group did not reveal the value of the contract which will see it supply subsea, umbilical, risers and flowlines engineering services on the project. It [...]

Brent futures dipped towards $113 per barrel on Monday, adding to last week's fall as supply disruption fears from Iraq eased as government forces launched a pushback against a Sunni militant takeover of large areas of the country. The European benchmark is still up 3.4% so far in June, on [...]

US operator Apache is evaluating a pair of exploration permits offshore Australia for a possible acquisition. MEO Australia said on Wednesday it had executed a binding option agreement with Apache Northwest in relation to its AC/P50 and AC/P51 blocks located in the Ashmore-Cartier area of the Timor Sea. Under the [...]

France’s Technip has been awarded two subsea contracts by Danish company Maersk Oil for work off Denmark. The contracts cover Maersk’s Valdemar and Roar gas lift project and the Rolf replacement pipeline project, located on the Danish continental shelf about 250 kilometres from the coastal town of Esbjerg. Technip’s work [...]

ExxonMobil is in talks with state-owned Turkish Petroleum (TPAO) over the possible exploration for shale gas in Turkey, according to a report. The US supermajor could be interested in looking for the resource in the country’s south-east and north-west regions, Reuters reported, citing a Turkish government official. Selami Incedali, the [...]

Brent crude hit a nine-month high of more than $115 a barrel on Thursday as the US said it could send military advisers to Iraq, raising concerns about the escalating conflict. Government forces continued to battle Sunni militants for control of Iraq's biggest refinery as US President Barack Obama said [...]

Anglo-Dutch player Shell has decided to raise funds through an initial public offering of its Philippine outfit on Manila’s exchange. According to Reuters, the company is listing Pilipinas Shell Petroleum to pay for the upgrade of its refinery in the Batangas province in the country. Shell announced on Wednesday that [...]

Russian oil giant Rosneft has set upa crisis centre and a special commission within its headquarters after a refinery suffered a fire on Sunday, reportedly resulting in at least one death. The state-controlled company said that, around 11:40pm local time on Sunday, a vapour line of the gas fractionation unit [...]