Latest news
EU expands sanctions on Syria, including oil embargo
The European Union agreed to extend the scope of its sanctions in Syria, adding 20 new names to the list of Syrians targeted by asset freeze and travel ban.
read more... 24/08/2011
BP decreased daily oil and gas production in Azerbaijan
The oil giant, BP has cut its oil and gas production in Azerbaijan in the first semester of 2011, following a weaker demand over the summer time and an infrastructure improving program.
read more... 23/08/2011
OSPRAG summit highlights the oil spill prevention in UK
Oil & Gas UK, a representative organization for the country's offshore oil and gas industry will organize a summit in Aberdeen on September 21st, called UK Oil Spill Prevention and Response Group (OSPRAG), which will provide a comprehensive overview of the joint approach taken by the industry and its regulators to further improve the UK’s prevention of and response to a major well control incident.
read more... 23/08/2011
Statoil discloses the size of North Sea oil discovery
Acording to the Statoil estimations, the Aldous and Avaldsnes oil discoveries in the North Sea, could be the country’s largest oil discoveries since the 1980s, which may hold 500 million to 1.2 billion barrels of recoverable oil.
read more... 19/08/2011
UK government reports substantial oil spill in North Sea
According to the Royal Dutch Shell estimations on Monday, several hundred tons of oil may have spilled into the North Sea from a Royal Dutch Shell rig off Scotland's eastern coast.
read more... 16/08/2011