Latest news
Petrofac reports its net profit final results
Petrofac, oil & gas services company has registered a 26% increase in profit in 2010, despite the unrests from the Middle East, exceeding its profit expectations and forecasting its net profit to rise at least 15% in 2011.
read more... 08/03/2011
Total agrees to purchase a $4 billion stake in Novatek
Total, the third biggest oil company in Europe, agreed to pay $4 billion for a stake in Novatek and for joining the Arctic gas project.
read more... 07/03/2011
Maersk Oil giant stops its activity at an oil rig due to an oil spill
Maersk Oil, the Danish oil major stopped working at its North Sea rig after an oil leak was observed on the surrounding water from a helicopter which was flying between the Rolf and Gorm platforms, the company said.
read more... 04/03/2011
The U.S administration approves the first deepwater drilling permit since BP oil spill
The U.S. administration declared on Monday that it has authorized the new deepwater oil drilling permit in US waters of the Gulf of Mexico.
read more... 03/03/2011
TNK-BP offers to buy a BP stake for £5bn
The Times newspaper declared on Wednesday that TNK-BP, a joint strategic partnership, has offered to buy a 5 percent stake in BP for 5 billion pounds trying to solve the controversial dispute over the BP’s proposed deal with Rosneft.
read more... 03/03/2011