On Sept. 19, the Board of Directors of ANCAP, the Uruguayan state-owned oil company with regulatory responsibility for offshore licenses, approved Challenger Energy’s farmout agreement for the AREA OFF-1 license with Chevron. The original deal was announced on March 6.
North Sea oil loadings to hit eight-year high as global supply glut builds
North Sea crude exports are set to reach their highest level since 2017, with December loadings...
