Oil up on OPEC+ meeting optimism and China demand
Oil prices rose on Monday on expectations that OPEC+ may keep output stable in February and on a demand uptick coming from China.
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Oil prices rose on Monday on expectations that OPEC+ may keep output stable in February and on a demand uptick coming from China.
The agreement is for the North Ras Kanayis Offshore block located in the Herodotus Basin, offshore Egypt in the Mediterranean Sea.
The field is located in onshore Concession Area B of the Sharjah Emirate.
Aker BP has awarded Sulzer a contract to retrofit a water injection pump on the FPSO Alvheim.
Trident Energy is set to drill three wells in Block G offshore Equatorial Guinea in 2021, with an estimated start date in April.
Rystad Energy’s latest balances indicate that 2021 could offer producers a window of opportunity, as monthly supply deficits may reach their highest level in years.
The purchase price consideration was a US$20.2 million cash consideration plus 2 million conditional warrants in AqualisBraemar.
The hardware is destined for the first-ever 20 000 psi-rated field to be developed in the Gulf of Mexico.
The new discovery at the Meleiha Concession adds 10 000 bpd to Eni's gross production in the Western Desert of Egypt.
The first cargo of crude oil from the Oryx Concession in Chad arrived in Taiwan at the Dalin Refinery earlier this month.
Woodside Energy has purchased Cairn's interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture.
Oil prices reversed early losses on Wednesday as some confidence that the existing vaccines can counter the new Covid-19 strain offset concerns over President Trump’s stimulus package pushback.