Rigzone Industry News

'This acquisition reflects our commitment to diversify into LNG as a transitional energy source'.

DNO signed an agreement with Var Energi to acquire the Norwegian compatriot's minority interests in five fields in the Norwegian Sea for $51 million.

Venezuela is allowing a small startup to import fuels.

Production for the quarter was above the upper end of its first quarter guidance range.

Var Energi produced 299,000 boepd in the first quarter.

The company's latest Ringhorne North exploration well was successful with estimated recoverable resources of between 13 million and 23 million barrels of oil.

Valeura declared three new oil discoveries in the Gulf of Thailand.

The arrest of vice minister for oil Erick Perez and vice minister for gas Juan Santana followed the detention of a former oil minister amid a probe into billions of lost PDVSA revenue.

Crude prices are likely to stay between $80 and $100 a barrel this year, according to Vitol Group.

The Adriatic LNG terminal has a technical regasification capacity of 339 billion cubic feet (9.6 billion cubic meters) of natural gas per year.