WTI Nears $70 as Supplies Tighten

WTI Nears $70 as Supplies Tighten

Oil advanced after a US government report reinforced expectations of tighter near-term supplies, injecting some bullishness about the market’s fundamentals. West Texas Intermediate futures rose 0.9% to approach $70 a b...

Viewpoint: No Reliable LNG Options Available for the EU

Viewpoint: No Reliable LNG Options Available for the EU

The EU continues to be in a difficult position to access sufficient supplies ahead of the upcoming new LNG supply wave and diversify its suppliers to reinforce its security of supplies. However, the bloc remains precario...

Equinor to acquire FPSO for Campos basin

Equinor to acquire FPSO for Campos basin

An Equinor subsidiary has entered an agreement with MODEC for an FPSO to produce the field cluster of Pao de Acucar, Seat, and Gavea in the Campos basin, offshore Brazil. Equinor Brasil Energia Ltd., a subsidiary of Equi...

Oil India to begin exploration with newly arrived rig

Oil India Ltd. has started long-term exploration offshore India with the arrival of the Blackford Dolphin deepwater semisubmersible rig. The Dolphin Drilling AS rig arrived in Indian waters in October and has since compl...