Latest news
Mergers and acquisitions in oil and gas industry will increase
Mergers and acquisitions in oil and gas industry will increase
read more... 17/10/2017
Rosneft signed a deal to buy a 30% stake in Zohr gas field
The Russian giant now owns a 30% stake in the Zohr gas field after closing a $1.125 billion (£850 million) transaction.
read more... 16/10/2017
Daily (16.10.2017): Brent crude surged 1.6% on Friday due to Middle East tensions and higher Chinese oil imports
Bullish news from robust Chinese oil imports and tensions in the Middle East supported oil prices on Friday, putting Brent on course for a weekly gain of around 3 percent. Brent crude futures ended $0.92, or 1.6 percent, up at $57.17 a barrel. Meanwhile, U.S. crude was up 85 cents, or 1.7 percent, at $51.45 per barrel.
read more... 16/10/2017
French BNP Paribas promises to cease funding shale oil and gas
The BNP Paribas Group stated its intention to end cooperation with business entities which operate in shale gas or tar sands fields.
read more... 12/10/2017
Turkmenistan will allocate $93 billion to oil and gas industry
The President of Turkmenistan Gurbanguly Berdymukhammedov declared its intention to allocate $93 billion to encourage the country’s oil and gas industry, which has been negatively affected by small world prices and Russia’s decreasing demand.
read more... 11/10/2017