Latest news

Total will extract gas at Azerbaijani Absheron field in early 2020

Gas extraction on the first gas well of Azerbaijan's Absheron gas field in Caspian Sea will start at the beginning of 2020, as stated by development operator Total at a public hearing on Project’s environmental impact report in Baku on February 20.

read more... 21/02/2018


Daily (23.01.2018): French day-ahead power price settled over 4% higher on Monday due to bullish weather

Oil ended higher on Monday after dollar variations and the restart of some Libyan oil fields caused the market to vacillate, with prices testing lower before rising to levels just below three-year peaks.

read more... 23/01/2018


Daily (10.01.2018): UK next-month gas contract traded 2.5% higher on concerns that gas production from Groningen field will be cut

Oil prices surged on Tuesday, buyout by OPEC-led output cuts and predictions that U.S. crude inventories have declined for an eighth week in a row.

read more... 10/01/2018


China and Iraq will develop oil field in Baghdad

Iraq completes initial deal with China's ZhenHua Oil aiming the development of the East Baghdad oil field, as stated by Iraqi Oil Minister Jabar Ali al-Luaibi on Monday.

read more... 27/12/2017


SOCAR and Total to cooperate for the development of Absheron field

Azerbaijan’s state oil firm SOCAR and France’s Total company negotiated prospects for future collaboration, counting the development of Absheron gas condensate field in the Caspian Sea, as stated in a message published on the SOCAR’s website on December 21.

read more... 22/12/2017