According to a Sept. 23 report from Bloomberg, Total SA, Europe’s third-largest oil producer, is studying expansion in Brazil as part of a plan to reverse falling output by developing new projects.
Offshore rig driller Seadrill is facing another two years in the doldrums but hopes the international rig market could turn around in 2017.
Rig rates have more
Italian oil company Eni has received permission from Norway's Petroleum Safety Authority to extend the use of a service rig on its troubled Arctic Goliat oil field offshore Norway until Nov.
Loading of tankers suspended, unclear when it will resume.
Oil spilled into the North Sea during the loading of a tanker at Norway's Statfjord field on Thursday, operator Statoil said.