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Oil hits three-week low amid heightened supply, dollar strength

Crude spiraled to the lowest level in three weeks as rising U.S. supply and dollar strength eclipsed bullish demand outlooks.

Shell says oil is here to stay as cleaner power lacks sizzle

There’ll be at least one home still welcoming fossil fuels in the face of a growing threat from cleaner resources, according to Royal Dutch Shell Plc.

UK industry output jumps amid oil rebound, record factory run

UK industrial production posted its biggest monthly increase in more than a year in January, figures Friday showed.

Aging oil fields defy gravity to pump more crude

Bob Dudley, in his 38 years in the oil industry, has never seen anything like what happened with BP Plc’s old fields last year: They gushed more crude.

Total closes Maersk Oil acquisition, becomes second-largest operator in North Sea

Total announces the closing of the Maersk Oil acquisition signed on Aug. 21, 2017. It brings to Total around 1 Bboe of 2P/2C reserves and resources, mainly in the OECD countries, and a production of about 160,000 boed in 2018, ramping up to more than 200,000 boed by the early 2020s.

Statoil invests in offshore digital technology

An integrated operations support center and a drilling operations center will help reach Statoil’s ambition of increasing value creation from operated fields in Norway by more than $2 billion from 2020 to 2025 before tax.

Aramco said to lead raft of Saudi-UK deals in prince's visit

Saudi Arabia’s national oil company signed a batch of deals with UK companies including Royal Dutch Shell Plc as Crown Prince Mohammed bin Salman visits the nation in an effort to demonstrate the kingdom is open for business.

Drilling permit granted to Lundin Petroleum for well 16/1-28 S in production license 338 C

Well 16/1-28 S will be drilled from the COSLInnovator drilling facility at position 58°48’51.49’’ north, 02°16’14.20’’ east in the central part of the North Sea. COSLInnovator is now drilling the appraisal well 16/4-11 for Lundin in production licence 359.

Norway's $1-trillion wealth fund reveals thinking on oil risk

The man running the world’s biggest wealth fund said snapping up oil stocks now could pay off down the line. It’s just not a good idea for Norway.

Hunting introduces advanced semi-premium connection

Hunting Energy Services, a subsidiary of Hunting PLC, the international energy services company, today announced the introduction of its TEC-LOCK semi-premium connection technology.

Norway illustrates potential of mature basins with record-breaking license awards, says GlobalData

Analysis of Norway’s upstream oil and gas industry shows that the country currently has 887 licensed blocks, of which 529 blocks are in the shallow water terrain and 358 are in deepwater terrain, according to GlobalData, a leading data and analytics company.

Aker BP strikes oil near Alvheim in the North Sea

Aker BP is about to complete drilling of the Frosk exploration well 24/9-12 located near Alvheim in the North Sea. The well has proved oil.

Fracers in UK pick cold as time to make point on gas supply

Britain’s natural gas fracing industry is using a cold snap that’s gripped large swathes of Europe this week and laid bare weaknesses in the UK’s energy supply to make its pitch.

Statoil contracts West Phoenix to drill in UK, Norway

Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the UK and Norwegian continental shelves from the summer of 2018.

Dutch outbid British for gas as freeze exposes supply limits

Traders in Europe’s two biggest natural gas markets were scrambling for fuel on Wednesday, sending prices soaring as freezing weather exposed supply issues.

Bibby Offshore successfully completes multi-million-pound contract for BP North Sea

Bibby Offshore, a leading subsea services provider to the oil and gas industry, has successfully completed a contract worth more than £2million for BP in the North Sea.

Koch said to cut oil-trading jobs from Asia, Europe, U.S.

Koch Supply & Trading is cutting jobs from its global oil business as one of the largest private U.S. companies contends with trading conditions that also proved tough for several rivals.

Subsea 7 awarded EPCI contract for Wintershall's Nova field

Subsea 7 S.A. has announced the award of a sizeable contract by Wintershall for the Nova (formerly known as Skarfjell) oil and gas field development.

Aker Solutions wins subsea order for Nova project

Aker Solutions won an order from Wintershall Norge AS to provide the subsea production system, umbilicals and services for the Nova oil and gas field offshore Norway, highlighting the value of early engagement in projects.

UK set to become net crude oil exporter

For all the talk of aging oil fields and shrinking production, the UK is about to achieve a surprising feat: it’s on the brink of becoming a net crude oil exporter for the first time in 14 years.