Latest news
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
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