Latest news
EIA Report: major oil hike by 2035
According to the US Energy Information Administration released report on Monday, oil production will increase by around 27 million barrels a day and demand will climb to 1.122 million barrels/day by 2035, 1.4% higher than previously expected.
read more... 20/09/2011
TNK-BP: huge investment in oil refining and production
The British-Russian joint venture, TNK-BP, will invest about $50 billion in oil extraction and refining in the next 10 years, according a report.
read more... 16/09/2011
Lukoil reveals major investments in oil refining and petrochimical
Russian energy major, Lukoil announced its plans to invest $25 billion in oil refining and petrochemistry both in Russia and abroad in the next 10 years, said Lukoil head Vagit Alekperov .
read more... 13/09/2011
Libya to resume its oil production in the next days
According to the Libyan interim Premier Minister declarations during a press conference in Tripoli, the oil production will resume in the near future, reaching the pre-war levels within a year.
read more... 12/09/2011
BP reveals £700 million oil project move
The energy major, BP announced that it has won a government approval to invest up to £700 million (USD 1.128 billion) in extracting oil from a North Sea reservoir, creating more than 1,000 jobs.
read more... 07/09/2011