OIL - RADAR DAILY

Johan Sverdrup reserve estimate revised higher

Aug 27, 2018 (UPI)

Equinor and its joint venture partners submitted their plan for development of the second phase of the Johan Sverdrup oil field to the Norwegian government. At ...

Iran urges UN court to halt 'economic strangulation' by US

Aug 27, 2018 (AFP)

The Islamic Republic launched a suit at the International Court of Justice over US President Donald Trump's decision to reimpose the sanctions that had been lif...

Norwegian energy companies spar over board seats

Aug 27, 2018 (UPI)

DNO in early August called for a general meeting at Faroe to consider placing Chairman Bijan Mossavar-Rahmani and Managing Director Bjørn Dale on the board of ...

Noble shareholders back $3.5 bn deal in fight for survival

Aug 27, 2018 (AFP)

The deal is aimed at pulling the company back from the abyss of a three-year crisis sparked by a fall in commodity prices, allegations of irregular accounting p...

Easing trade tensions, weaker dollar supporting the price of oil

Aug 24, 2018 (UPI)

Trade tensions between the United States and China have been met with concerns the disputes could lead to an all-out trade war that would slow the global econom...

Gas prices could jump ahead of Labor Day

Aug 24, 2018 (UPI)

AAA reported a national average retail price of $2.84 for a gallon of regular unleaded gasoline, a fraction of a percent higher than Thursday but more or less t...

Norway signs off on new North Sea development

Aug 24, 2018 (UPI)

The Norwegian Petroleum Directorate, the nation's energy regulator, announced it granted approval for a September start date for production from the Oseberg H u...

Lane threatens Hawaii's energy security

Aug 24, 2018 (UPI)

The National Hurricane Center said Lane is a Category 3 hurricane that could make landfall in Hawaii at some point on Friday. "On the latest forecast track, the...

Final assessment of Beaufort Sea oil project completed

Aug 24, 2018 (UPI)

The U.S. Bureau of Ocean Energy Management published its assessment of a development and production plan submitted by Hilcorp Alaska to develop its Liberty pros...

Russian-German joint venture hits oil production milestone

Aug 23, 2018 (UPI)

Wolgodeminoil, a joint venture between Wintershall and Russian energy company Lukoil, announced Thursday their effort over 5,200 square miles in southern Russia...

British producer Premier Oil reaches milestone in output

Aug 23, 2018 (UPI)

"Premier met its operational targets for the period," Chief Executive Tony Durrant said in a statement. "The Catcher area is now at plateau production rates whi...

Canadian oil exports by rail nearly doubled

Aug 23, 2018 (UPI)

Canada designates nearly all of its oil exports to the United States. For the last week in June, U.S. federal data show Canada exports to the United States were...

Australia's Santos says oil production hit 4-year high

Aug 23, 2018 (UPI)

Santos announced Wednesday it targeted Quadrant in a $2.15 billion acquisition, setting it up to be one of the strongest producers in Australia. Santos, alongsi...

Trade concerns resurface to push oil prices lower

Aug 23, 2018 (UPI)

Brent crude oil ended the trading day Wednesday up 2.96 percent after the U.S. government reported a bigger drain on domestic crude oil inventories. The supply-...

Norway urges caution in 2019 oil and gas investment forecast

Aug 23, 2018 (UPI)

Statistics Norway, the government's record-keeping agency, said it expected total investments in the oil and gas sector next year of $19.8 billion, about 6 perc...

Scotland sees North Sea revenue boost

Aug 22, 2018 (UPI)

The Scottish government, in its latest report on expenditure and revenue, reported total public sector revenue at an estimated $76.7 billion. Of that, $1.5 bill...

U.S. punishes Russia for oil transfers to North Korean ships

Aug 22, 2018 (UPI)

The U.S. Treasury Department sanctioned five Russian-flagged vessels for ship-to-ship transfers of oil to North Korean-flagged vessels, in violation of U.N. Sec...

First oil well in 40 years scheduled for offshore Gambia

Aug 22, 2018 (UPI)

After reviewing seismic data, FAR Ltd. said it selected a final well location for its first drilling effort in the Samo prospect off the coast of Gambia. Seismi...

U.S. piped gas displacing Mexican LNG imports

Aug 22, 2018 (UPI)

A briefing from the U.S. Energy Information Administration found that expansions to U.S. natural gas pipelines to Mexico have led to an overall increase in expo...

Supply pressures add up to rally in crude oil prices

Aug 22, 2018 (UPI)

The American Petroleum Institute reported after the close of trading Tuesday that U.S. crude oil inventories declined 5.17 million barrels last week. That was m...