Latest news
Rosneft begins drilling first exploration well in Iraq
Rosneft Group’s firm began drilling the first exploration well of Iraqi Block 12, as reported by the oil producer Monday.
read more... 20/02/2017
Daily (20.02.2017): Brent crude posts a 1.6 % weekly loss in a cautious market
Crude oil prices barely changed on Friday, caught between larger-than-anticipated U.S. crude inventories and reports that OPEC members may opt to extend by six-month an agreement to cut production.
read more... 20/02/2017
Indian cabinet awards 31 oil and gas blocks under 2016 bid round
The Indian government has finally approved the rights to 31 oil and gas exploration blocks comprising 44 small fields, which were auctioned under the Discovered Small Field (DSF) Bid Round 2016.
read more... 17/02/2017
Daily (17.02.2017): German spot power up 6% on expectations of lower thermal supply
Crude oil prices posted a modest increase on Thursday, as growing U.S. stockpiles against possible renewed efforts by major oil producers to reduce the supply glut weighed on the market.
read more... 17/02/2017
Statoil to phase-out its CHP plant at Mongstad from 2019
Statoil will phase out its Mongstad combined heat and power plant (CHP) in Norway following several years of unprofitable operations.
read more... 16/02/2017