Latest news
GDF Suez grants contracts in the North Sea
GDF Suez E&P UK has awarded two significant contracts to Petrofac Offshore Engineering & Operations in the North Sea, worth £30 million over three years, with a two-year option.
read more... 01/09/2011
Eni restarts its oil and gas production in Libya
Italy’s ENI SpA firmed a contract with the Libyan rebel Government on Monday aimed at immediate restart of oil and gas production in the country on worries for a possible loose of its rival position on that market.
read more... 30/08/2011
Transneft oil transport tariffs to increase
The Russian state pipeline operator, Transneft, which is responsible for the transportation of about 93% of the oil produced in Russia, announced that it will increase its tariffs on oil shipments by 2.8% on September 1st and by 5% on November 1st.
read more... 29/08/2011
Shell declares “force majeure “on Nigeria’s oil exports
Royal Dutch Shell has reported 6 oil spills at its pipeline in Nigeria since the beginning of the month, blaming the act of sabotage, which caused a temporary production shortage.
read more... 26/08/2011
BP allocates $5 bn to Gulf oil spill claimants
The British energy giant, BP has set up a fund through which it has paid more than 5 billion US dollars in claims to victims of last year's devastating oil spill in the Gulf of Mexico.
read more... 25/08/2011