Latest news
Extraction of extra 900 million barrels of oil is possible from the vast UKCS fields
A huge amount of oil could be pulled out from a certain number of massive oil fields in the UK Continental Shelf (UKCS).
read more... 07/09/2017
BP: Agreement on Caspian Oil Field prolonged up to 2050
In the following days, a deal is likely to be inked between Azerbaijan and BP on extending the development of the Azeri-Chirag-Gunashli (ACG) oil field up to 2050.
read more... 07/09/2017
Discussions between Italian Eni and Iran on oil and gas projects
A feasibility study is expected by Eni (Italy) on the expansion of oil and gas fields in Iran. There have already been concluded two agreements on the matter in question. The results of the studies will be available within 6 months.
read more... 04/09/2017
Daily (23.08.2017): Oil prices rose on forecasts of another crude stockpile drawdown in the U.S.
Oil prices edged up on Tuesday, boosted by expectations of another crude stockpile drawdown in the United States, but price gains were limited amid the reopening of Libya's biggest oil field. Brent crude ended higher by 21 cents, or 0.4 percent, at $51.87 a barrel, while U.S. crude futures settled 46 cents up at $47.83.
read more... 23/08/2017
Libyan Sharara oil field shuts down gradually after closure of a control room in Zawiya
Sharara oil field in Lybia, which had a production of 270,000 barrels a day (bpd), is gradually closing after the closure of a control room in the northern city of Zawiya, as stated by an engineer at the field late on Sunday.
read more... 07/08/2017