Latest news
Lukoil: Q3 net profit hit by 20 percent
The Russian oil giant Lukoil reported on Friday a 20 percent decline in its Q3 profit due to bigger taxes and the depreciation of its national currency.
read more... 25/11/2011
Shell inks an energy exploration deal with Turkey
The energy major Royal Dutch Shell signed on Wednesday a deal with the Turkish Petroleum Corporation (TPAO) to search for oil and gas in the Mediterranean and southeast Turkish areas.
read more... 24/11/2011
Repsol - new good quality oil discovery in Brazil
Repsol Sinopec Brazil, together with Petrobras and BG Group have made a new oil discovery, Abarè well, in the Carioca area situated in block BM –S-9. First tests have encountered in the carbonate reservoirs, at a depth of 4,830 meters, the presence of good quality oil with a gravity of 28 degrees API.
read more... 18/11/2011
BP announced its Scrip Dividend Programme
The British Petroleum board communicated on October 25th, 2011 that the interim dividend for the third quarter 2011 will account for US 0.07 dollars per ordinary share and US 0.42 dollars per ADS. This is to be paid on December 19th, 2011 in cash sterling to owners of ordinary shares and in US dollars to owners of ADSs.
read more... 10/11/2011
Serious queries over BP pipeline
Recently, Azerbaijan and Turkey consented to use the spare capacities in the Turkish pipelines as to transport Azerbaijani gas verso Europe, and consequently to construct a new pipeline across Turkey as to transport exceeded volumes of the spare capacities in Turkey’s pipelines.
read more... 08/11/2011