Oil on track for big weekly gain as Opec+ agree output cuts

Oil prices rose sharply on Friday and were on track for weekly gains as a meeting of Opec and its allies agreed to extend output cuts by 500,000 barrels per day in early 2020. The additional cuts by Opec and allies including Russia - a grouping known as Opec+ - will last throughout the first quarter next year. The group will meet again in early March for an extraordinary meeting to set its policy

NEWS  upstreamonline.com 06 Dec 15:34 GMT Reuters

Saudi, Russia win over oil producers to deeper cuts

Opec+ agreed to an extra 500,000 barrels per day in cuts for the first quarter of 2020

NEWS  upstreamonline.com 06 Dec 15:10 GMT Reuters

Providence boss quits

Chairman to assume chief executive role for the London-listed independent

NEWS  upstreamonline.com 06 Dec 08:31 GMT Anamaria Deduleasa

Oil slips in early trade

Prices move away from two-month high after surging on Opec+ supply cuts

NEWS  upstreamonline.com 06 Dec 06:46 GMT Reuters

PNG industry body welcomes consultation on reforms

Chamber of Mines & Petroleum welcomes government's commiment to include industry in reform discussions

NEWS  upstreamonline.com 06 Dec 01:41 GMT Josh Lewis

Strike looking to firm up Perth basin prospects

Operator studying fresh 3D seismic over existing conventional gas discovery

NEWS  upstreamonline.com 06 Dec 00:39 GMT Josh Lewis

Centurion marches on with two new acquisitions

Acquisitive services player lands deals for US-based G5S Energy Services and Aberdeen-headquartered Osprey3 with more on cards for 2020

NEWS  upstreamonline.com 06 Dec 00:04 GMT Rob Watts

Gulf of Mexico taking big steps to recovery

New projects approved or on the horizon, and exploration picking up, but prolific US region still faces strong headwinds

Focus Editions  upstreamonline.com 05 Dec 23:00 GMT Kathrine Schmidt

OneSubsea makes 20k mark

Schlumberger-owned company forges ahead with HPHT technology in collaboration with Chevron, with the results now commercially available

Focus Editions  upstreamonline.com 05 Dec 23:00 GMT Kathrine Schmidt

Piranema Spirit FPSO is on the radar for Karoon

Australian player in talks with Teekay Offshore about mobilising cylindrical floater to work at fields off Brazil

NEWS  upstreamonline.com 05 Dec 23:00 GMT Fabio Palmigiani