MOL Group’s Brian Glover said the company does not see any “great future” for itself in Central Africa as it eyes further success in the Middle East.
In the second part of Energy Voice’s week-long series looking at the Hungarian company’s operations, the exploration and business development senior vice president…
OPEC member states should cut crude output to boost prices to a range of $70 to $80 a barrel, Iran’s Oil Minister Bijan Namdar Zanganeh said.
“No one is happy” with prices at current levels, Zanganeh told reporters in Tehran.
“OPEC should decide to manage the market by reducing the level…
UK Oil & Gas (UKOG) said planning permission for the Markwells Wood-1 site in West Sussex has been extended until next year.
The company said the local planning authority approved the move for the well site in the South Downs National Park.
UKOG owns a 100% interest in the Markwells Wood…
Crude oil futures extended their losses on Thursday after notching up declines every day so far this week, hit by growing US stockpiles and an expanding global glut.US crude had fallen 25 cents, or 0.54%, to $46.39 a barrel in early trading on Thursday, after settling the previous session…
More than $200 billion worth of oil and natural gas assets are for sale globally as companies come under renewed financial pressure from the prolonged commodity price rout, according to IHS Inc.
There are about 400 buying opportunities as of September, IHS chief upstream strategist Bob Fryklund said in an…
