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Oil Swings Lower As Shale Drillers Imperil Global Supply Decline

Oil Swings Lower As Shale Drillers Imperil Global Supply Decline

Oil prices dipped, stalling a bull-market rally, as traders weighed whether rising output from U.S shale fields will dash OPEC’s effort to trim a worldwide glut of crude. Futures fell as much as 1.6% in New York after earlier reaching a five-month high. U.S government...
Eni Norge Drills Dry Well Near Goliat Field In The Barents Sea

Eni Norge Drills Dry Well Near Goliat Field In The Barents Sea

Eni Norge AS, operator of production license 697, has completed the drilling of wildcat well 7122/10-1 S. The well, which was drilled about 10km southwest of Goliat field, is dry. The primary exploration target for the well was proving petroleum in Middle Triassic...