Latest news
Oil production in Norway dropped in August
Oil production in Norway dropped on average from 1.800 million barrels in July to 1.619 million barrels per day in August, as stated by Norwegian Petroleum Directorate on Friday.
read more... 13/09/2010
U.S. crude inventories increase more than estimated
Last week, US crude inventories increased by 4.8 million barrels, much more than estimated, or 1.1 million barrels, whilst the stocks of the products dropped, as stated by American Petroleum Institute on Tuesday.
read more... 02/09/2010
New oil reserves discovered at Tybalt
Valiant Petroleum, a British oil and gas company, announced the discovery of new oil reserves in Tybald region, situated in British North Sea area.
read more... 01/06/2010
Total and ERG merger is approved by EU
French most important oil company Total and its Italian counterpart ERG Petroleum, had received UE’s permission for their merger in refining and marketing fields, which will take place in Italy.
read more... 24/05/2010
Enel searches new opportunities in Egypt
Egypt's Ministry of Petroleum and Enel, Italy's biggest oil and gas utility, agreed on Tuesday on a deal regarding Enel’s oil and gas exploration in Egypt, in order to expand and to increase its resource supplies.
read more... 19/05/2010