Latest news
41 oil companies submit applications for exploring oil in Norway
Oil and energy ministry of Norway stated on Thursday that 41 oil and gas companies have applied to explore for petroleum in older regions off the country.
read more... 20/09/2010
Total anticipates stable production in 2011
The major oil company in France, Total, stated on Wednesday that it anticipated stable oil and gas production in 2011, though the target remained of 2% average annual growth between 2010-2014.
read more... 16/09/2010
Oil price drops to $76 for the second day consecutively
Oil price decreased for the second day consecutively on Wednesday, since the biggest Canada-US crude pipeline has been prepared to restart by the end of the week, according to Enbridge, which is in the process of finalizing repairs on the duct.
read more... 16/09/2010
Russian crude export duty might decline 3 percent in October
According to the Finance Ministry data and Reuters calculations, oil export duty for October in Russia may drop about 3 percent to between $265 and $267 per tonne following the decline in crude prices during the second half of August.
read more... 14/09/2010
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