Search for petroleum

12.08.2013 Crowley Announces Major Expansion of its Petroleum Fleet and Service Offerings

Crowley Maritime Corporation will continue to grow America’s largest fleet of petroleum vessels and contract with Aker Philadelphia Shipyard Inc.

02.08.2013 Norwegian Petroleum Directorate Announces Delineation Of Barents Sea Gas Discovery

Total E&P Norge AS, operator of production licence 535, is about to complete drilling of appraisal well 7225/3-2 on the 7225/3-1 gas discovery (Norvarg discovery), the Norwegian Petroleum Directorate reported in a news release.

11.06.2013 Matra Petroleum Disposes of Interest in Sokolovskoe Field

Matra Petroleum has signed an agreement to dispose of its 100% interest in the Arkhangelovskoe Licence which includes the Sokolovskoe Field, to a third party, consisting of an initial payment of US$25 million with a further payment of US$10 million payable within nine mo

30.01.2013 Tanker Glut Worsens on Steepening OPEC Production Cuts

Bloomberg reports that OPEC’s deepest output cut since the global recession in 2008 is creating the biggest surplus of oil tankers in the Persian Gulf in at least three years and lowering earnings for Frontline Ltd. and other ship owners.