Thursday, November 20, 2025
Equinor's Castberg oilfield delayed until end of 2023 - regulator- oil and gas 360

Equinor’s Castberg oilfield delayed until end of 2023 – regulator

Reuters OSLO – Equinor’s Johan Castberg oilfield in the Arctic Barents Sea won’t come on stream until the end of 2023, a year later than planned due to technical problems that have also hit its value, Norway’s oil and gas safety watchdog said on Tuesday. The Petroleum Safety Authority (PSA) said in a statement it had identified “serious breaches” of

OPEC+ sticks to plans to ease oil cuts - sources- oil and gas 360

OPEC+ sticks to plans to ease oil cuts – sources

Reuters LONDON -OPEC+ oil producers agreed on Tuesday to stick to the existing pace of gradually easing supply curbs through July, as they sought to balance expectations of a recovery in demand against a possible increase in Iranian supply. The Organization of the Petroleum Exporting Countries and allies – known collectively as OPEC+ – decided in April to return 2.1

Brent up $2, hits highest since March on demand prospects- oil and gas 360

Brent up $2, hits highest since March on demand prospects

Reuters LONDON -Oil prices rose on Tuesday, with Brent hitting above $71 and trading at its highest since March, on expectations for growing fuel demand during the summer driving season in the United States as OPEC+ agreed to boost output. Prices were also boosted by Chinese data showing that the country’s factory activity grew at its fastest this year in