Kjøttkake is DNO’s tenth discovery since 2021 in the Troll-Gjøa exploration and development area, following Røver Nord, Kveikje, Ofelia, Røver Sør, Heisenberg, Carmen, Kyrre, Cuvette, and Ringand.

Romania’s OMV Petrom has started drilling a first development well to commercialise natural gas reserves at the Pelican South ...

Aberdeen became the oil capital of Europe and an estimated half a million jobs were created by the industry over the decades. The world's worst offshore disaster was on the Piper Alpha rig in 1988 ...

Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge ...

An oil-exporting country’s “fiscal breakeven” oil price is the minimum price per barrel that the country needs in order to meet its expected spending needs while balancing its budget (figure 1).

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to ...

DUBAI, March 12 (Reuters) - Libya's Mabruk Oil Operations has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National Unity (GNU ...

Read full article: Driver, dog OK after tornado flips big rig in Seminole County A closer look at a home destroyed in the Longwood area by an EF-2 tornado. Read full article: Passenger killed ...

Eleven people were killed. Two days later, the rig collapsed. Oil began seeping into the sea, and it continued to flow for almost three months. The Deepwater Horizon disaster is among the most ...

This big bad red Kenworth C500 comes from a reader who works the oil fields in Alaska. That's not a sleeper on the back of the cab either. "There's a big triplex pump in there," said the reader.

The group stood on the shoulder of a noisy frontage road with a panoramic view of operations that encompass the fossil fuel production lifecycle — the oil storage tanks, a compressor station and a ...

Oil rigs are critical for supplying the world with energy but working on a rig is not without its risks. In the eighties, a horror diving accident saw five men die after an unprecedented change ...