Latest news
Total and Eni Q2 profits hit by weaker US dollar and Lybian disruptions
The French and Italian oil giants, Total SA and Eni SpA reported on Friday lower quaterly earnings, despite higher prices for oil, blaming unfavourable exchange rates, a dollar weakness and production losses following war disruptions in Libya which closed some oil fields.
read more... 01/08/2011
Bulgaria withdrew Lukoil’s refinery license
On Wednesday, the Bulgarian customs officials has withdrawn the license of the country’s biggest oil refinery, called Neftochim, which is controlled by Russia’s giant, Lukoil.
read more... 28/07/2011
BP awarded two deepwater blocks in Trinidad and Tobago
According to BP’s announcement, the British giant was awarded new exploration and production rights off the eastern coast of Trinidad and Tobago, giving it a 100 percent interest in two deepwater blocks, identified as 23(a) and TTDAA 14.
read more... 26/07/2011
IEA’s decision to halt oil release pushes Brent up
The International Energy Agency (IEA) announced on Thursday that it will halt to release emergency oil reserves, after the global energy regulator put 60 million barrels of oil on the market in the bid to bring oil prices down that made the prices increase at $120 per barrel, following disruptions of Libyan supply.
read more... 22/07/2011
BP hit by another oil spill in Alaska
BP reported a new oil leak in Alaska, thing which could definitely break its reputation, already hit after US Deepwater Horizon disaster in 2010.
read more... 20/07/2011