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DUBAI — Topaz Energy & Marine, a leading offshore support vessel company, has announced a new $100-million contract with Dragon Oil, the upstream oil and gas subsidiary of Emirates National Oil Company (ENOC) whose principal asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. Under the terms of […]
LONDON — BP has confirmed the start of production from another two of the seven major upstream projects that it expects to come online in 2017. Five of these seven projects have now started up. Juniper in Trinidad and Persephone in Australia follow the start-ups earlier this year of the first phase of the West […]
QUITO (Bloomberg) — Ecuador has dealt a blow to OPEC unity by announcing it will start raising oil production this month, arguing it needs the money. OPEC has for years cheated on its own agreements, particularly when oil prices fail to recover after an output cut. But Ecuador has taken the rare step of saying […]