Latest news
France halts Shell oil exploration of Guyana
The French government has suspended plans by Royal Dutch Shell to drill for oil in four sites off the coast of French Guyana, citing environmental concerns, move that was welcomed by green groups.
read more... 14/06/2012
BP to resume oil exploration program in Libya
The oil major BP announced it will resume its oil operations in Libya, suspended since 21 February 2011 because of civil war against the regime of Muammar Gadafy. The move came as the company feels the security situation inside Libya now makes it safe enough to return.
read more... 04/06/2012
Italy’s Eni makes a significant oil discovery in Egypt
Italy’s energy giant Eni unveiled an important oil find in Egypt's Western Desert, at the Emry Deep exploration prospect, located in the Meleiha Concession, 290 kilometres southwest of the port city of Alexandria.
read more... 25/05/2012
Rosneft to strike a $2.5 billion Arctic deal with Statoil
The Russian state oil giant Rosneft announced that it inked a $2.5 billion Arctic exploration deal with Norway's major Statoil on Saturday, move that will allow companies to jointly develop four hydrocarbon deposits in Russia's Arctic and Far East.
read more... 07/05/2012
France could reconsider shale gas fracking ban in the next years
According to the declarations of French economy minister Eric Besson on Thursday, France could review its ban on the hydraulic fracturing technique for the exploration of shale gas, if shale explorers are able to prove that the technique is not harmful to the environment.
read more... 04/05/2012