Latest news
Iran sees No Reason for OPEC Extraordinary Meeting
Iranian Oil Minister Masoud Mirkazemi, the actual OPEC president, declared on Sunday that despite the oil hike of over $100/barrel, there was no need to hold an emergency meeting of the oil producers, members of the Organisation of Petroleum Exporting Country (OPEC).
read more... 28/03/2011
Essar Energy to acquire Shell's Stanlow refinery for $350 million
Essar Energy, the Indian energy company listed in London, has inked an exclusivity deal to acquire Royal Dutch Shell's Stanlow refinery and other associated assets for $350 million over the next ten days.
read more... 25/03/2011
ExxonMobil restores Japanese Shiogama Terminal
ExxonMobil Japan Group declared on Wednesday that it had reopened its Shiogama terminal, affected by the recent earthquake and tsunami, moreover the company restored operations of its four Japan refineries, working above normal rates allowing thus the delivery of more fuel supplies into the Tohoku area of northeastern Japan.
read more... 24/03/2011
Rosneft and Chevron to break their collaboration on Black Sea field
According to Kommersant business daily declarations, U.S. oil giant Chevron Corporation and Russian state oil producer Rosneft are likely to put an end to their collaboration on a joint development of the Val Shatskogo deposit on the Black Sea field, a deepwater region which is said to contain more than 6 billion barrels of oil
read more... 23/03/2011
Oil prices increase by more than $2 following Libya attack
Brent climbed more than $2 on Monday to $116 as the US and other western governments launched a military offensive in Libya.
read more... 21/03/2011