Latest news
Total seeks to sell stake in major Nigerian offshore block
Total is seeking to sell its 12.5% stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources said, in an effort to adjust the energy company’s Africa portfolio amid a broad expansion.
read more... 07/11/2019
Equinor makes Norway oil, gas find of up to 100 million barrels
Norwegian energy major Equinor and its partners have found oil and gas at the Echino South prospect near the Fram field in the North Sea, the company said on Wednesday.
read more... 06/11/2019
Oil industry needs $10.6 trillion investment up to 2040
Upstream sector requires $8.1 trillion, while downstream and midstream need $1.4 trillion and $1 trillion between 2018-2040
read more... 05/11/2019
UK Gov't Halts Fracking In England Ahead Of General Election
The U.K. fracking industry has grounded to halt as the British government ended its support for the controversial practice of extracting oil out of the ground, reported Bloomberg.
read more... 04/11/2019
Lukoil to sign $10 bln oil supply contract with Hungary's Mol
Russia’s second-largest oil producer Lukoil will sign a contract worth $10 billion to supply oil to Hungarian energy company MOL, Lukoil Chief Executive Vagit Alekperov said on Wednesday.
read more... 31/10/2019