Latest news
Statoil acquires from Petrobras a 25% stake in Brazil field
Norway’s energy company Statoil purchased 25 percent stake of the huge Roncador petroleum field in the Campos Basin in Brazil from Petrobras.
read more... 19/12/2017
BP will invest $200 million in solar development firm Co. Lightsource
Oil producer British Petroleum (BP) will make an investment of $200 million in Europe’s major solar development company, Lightsource, as stated by BP on Friday.
read more... 18/12/2017
Scottish renewables company obtains approval for whisky fuel plant
A company has obtained the green light to build a new plant at Scotland’s oil port of Grangemouth to make a petrol replacement from whisky residue. Falkirk Council offered Celtic Renewables an approval to construct a commercial demonstrator plant, which will annually generate over half a million liters of biofuel.
read more... 13/12/2017
Romania will build a waste petroleum recycling facility
Romanian Green Oil and Lubes firm will have a recycling plant for waste lubricant oil. The $56 million project aims to transform oil waste into base oils so it might be reutilized in the automotive and industrial field. The 73,000 metric-tonne recycling site will be constructed in southern region of Romania, on Danube’s shore.
read more... 08/12/2017
China finds huge 1-billion-ton oil reserve in Xinjiang
A new oil field with around 1 billion ton of petroleum was discovered in China's Xinjiang Uighur Autonomous Region.
read more... 06/12/2017