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Floation Production News

 

Lime Petroleum to Buy Repsol's Stake in Brage Field Off Norway

Jun 17, 2021

Oil company Rex International said Thursday its subsidiary Lime Petroleum had on June 15 2021 agreed to acquire from Repsol stakes the Brage field and five nearby licenses in the North Sea, offshore Norway.The agreement includes the acquisition of Repsol鈥檚 33.8434 percent interests in the oil, gas and natural gas liquids (NGL) producing Brage field, and the five licenses on the Norwegian Continental Shelf which the Brage field straddles鈥

Woodside's Sales Slump as Coronavirus Cripples Demand

Apr 16, 2020

Australia's Woodside Petroleum Ltd said on Thursday that its sales slumped more than 20% in the first quarter, as the coronavirus pandemic and draconian measures to curb the outbreak crippled fuel demand globally.Oil and gas producers have been鈥

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