Latest news
Equinor makes Norway oil, gas find of up to 100 million barrels
Norwegian energy major Equinor and its partners have found oil and gas at the Echino South prospect near the Fram field in the North Sea, the company said on Wednesday.
read more... 06/11/2019
Oil industry needs $10.6 trillion investment up to 2040
Upstream sector requires $8.1 trillion, while downstream and midstream need $1.4 trillion and $1 trillion between 2018-2040
read more... 05/11/2019
UK Gov't Halts Fracking In England Ahead Of General Election
The U.K. fracking industry has grounded to halt as the British government ended its support for the controversial practice of extracting oil out of the ground, reported Bloomberg.
read more... 04/11/2019
Lukoil to sign $10 bln oil supply contract with Hungary's Mol
Russia’s second-largest oil producer Lukoil will sign a contract worth $10 billion to supply oil to Hungarian energy company MOL, Lukoil Chief Executive Vagit Alekperov said on Wednesday.
read more... 31/10/2019
Discovery Of 1 Billion Tons Of Reserves In Gangsu Oil Field Boosts Industry Confidence
China's scaling up of its oil and gas detecting and exploiting technologies has paid off as it has now added a significant amount to its geological reserves. PetroChina Changqing Oilfield Company, the regional branch of China's PetroChina, has discovered an additional 1 billion tons of oil from shale oil resources at its oil field in Qingcheng, Northwest China's Gansu province.
read more... 29/10/2019