Latest news

Statoil acquires from Petrobras a 25% stake in Brazil field

Norway’s energy company Statoil purchased 25 percent stake of the huge Roncador petroleum field in the Campos Basin in Brazil from Petrobras.

read more... 19/12/2017


Russia's Rosneft obtained licenses from Venezuela for two gas fields

Russian oil giant Rosneft obtained from Caracas licenses for the development of two offshore gas fields.

read more... 18/12/2017


Romania will build a waste petroleum recycling facility

Romanian Green Oil and Lubes firm will have a recycling plant for waste lubricant oil. The $56 million project aims to transform oil waste into base oils so it might be reutilized in the automotive and industrial field. The 73,000 metric-tonne recycling site will be constructed in southern region of Romania, on Danube’s shore.

read more... 08/12/2017


China finds huge 1-billion-ton oil reserve in Xinjiang

A new oil field with around 1 billion ton of petroleum was discovered in China's Xinjiang Uighur Autonomous Region.

read more... 06/12/2017


Russia and Brazil signed nuclear collaboration agreement

Russian nuclear giant Rosatom and Brazilian state firm Eletrobras as well as its subsidiary company Eletronuclear inked a memorandum of understanding (MoU) aiming to boost cooperation in the nuclear energy field.

read more... 01/12/2017