Latest news
Exxon started extracting Russian oil.
Oil production has begun from the Odoptu field at the Sakhalin-1 project in offshore northeastern Russia, on schedule and within the projected costs. It is expected to add up to 11 million barrels to oil production in 2011
read more... 01/10/2010
Regal considers leaving Ukraine.
The oil British explorer, Regal Petroleum, announced that due to its poor performances in Ukraine, it plans to execute a strategic review, as CEO David Greer quit, and Chairman Keith Henry took over.
read more... 01/10/2010
Daily Energy Market Overview 09.30.2010
Oil increased above $78 per barrel on Thursday, due to weak dollar. U.S. crude oil futures climbed at $78.79 per barrel. At 11:37 GMT, it registered an increase of $0.84 to $78.70. ICE Brent crude futures were up $1.04 to $81.81 per barrel.
read more... 30/09/2010
Daily Energy Market Overview 09.29.2010
Oil was up on Wednesday. At 06:52 GMT, U.S. crude for November increased $0.49 to $76.67 per barrel, close to a two-week high above $77, while ICE Brent for November rose from $78.71 to $79.21. Crude stocks decreased by 2.4 million barrels, the API officials said.
read more... 29/09/2010
Equatorial Guinea signs five oil concession deals.
One of Africa’s largest oil producers, Equatorial Guinea, signed five concession deals, two of which were with Russia's Gazprom Neft that declared in June that they were hoping to sign a production-sharing agreement with the African nation for two oil offshore blocks.
read more... 29/09/2010