According to a report from Tehran Times, the former Iraqi Oil Minister, Thamir Ghadhban, told the press that Iraq plans to build a new offshore oil terminal in Basra, in addition to reviving the existing facilities.
(Source: Tehran Times)
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Two of the major British players in Falkland Islands offshore oil development, Premier Oil and Rockhopper Exploration, cancelled a joint venture contract with Ocean Rig UDW.
U.S. energy firms this week cut oil rigs for an eighth week in a row to the lowest levels since January 2010, data showed on Friday, as energy firms continue to
The Irish government said on Thursday it had awarded oil and gas licences to companies including oil majors Eni, Exxon and Statoil , allowing them to explore for hydrocarbons off the coast of Ireland.