Energy News

November 28, 2016

Iran inks agreement with oilfield services company Schlumberger TEHRAN, Nov. 28 (UPI) -- A new arrangement with oilfield services company Schlumberger is a source of optimism for post-sanctions Iran, a managing director said from Tehran. FULL STORY »

Oil prices in rally mode on OPEC rumors NEW YORK, Nov. 28 (UPI) -- Oil prices were moving in wild swings in early Monday trading, erasing a 5 percent deficit overnight as investors moved quickly on the latest OPEC utterances. FULL STORY »    Putin staying out of OPEC talks MOSCOW, Nov. 28 (UPI) -- Russian President Vladimir Putin is deferring to his energy minister to discuss the potential for a production agreement with OPEC, his spokesman said Monday. FULL STORY »    More drilling planned for super giant Norwegian oil field STAVANGER, Norway, Nov. 28 (UPI) -- Consent is given to energy company Statoil to start drilling an appraisal well in the Johan Sverdrup oil field in the North Sea, the Norwegian government said. FULL STORY »    BP builds position in one of Egypt's biggest gas fields LONDON, Nov. 28 (UPI) -- British energy company BP said it was strengthening its position in the Egyptian oil and gas market by buying a minority stake in an offshore natural gas field. FULL STORY »    Russian oil producer pushes deeper in Arctic MOSCOW, Nov. 28 (UPI) -- Russian oil producer Gazprom Neft said it was starting sea trials for a vessel meant to support oil work, including spill response, in extreme Arctic climates.FULL STORY »    Russia to review oil, gas work in Barents Sea MOSCOW, Nov. 28 (UPI) -- Six years after resolving border disputes in the Barents Sea, a Russian minister said he scheduled a meeting in Oslo to discuss oil and gas work with Norway. FULL STORY »