Latest news
Norway's Equinor aims to start oil exploration off Australia in 2020
Norway’s Equinor SA on Tuesday said it plans to explore for oil in deep waters off the coast of South Australia in late 2020 and released a draft environmental assessment for the project to head off community protests.
read more... 19/02/2019
Shell to develop $10b Bonga field
OIL giant Shell’s Bonga South West/Aparo (BSWA) deepwater project, located in Oil Mining Lease (OML) 118 in the Niger Delta, is set for development, it was learnt yesterday.
read more... 13/02/2019
Kazakhstan achieves biggest oil extraction in its history
Kazakhstan achieved the biggest oil production in its history during 2018, with 90 million tons, governmental sources said on February 8. In 2017, crude oil output amounted to 86.2 million tons.
read more... 11/02/2019
Shell buys into 190 mln boe Cluff gas projects in UK North Sea
Royal Dutch Shell bought stakes and options in gas licenses in the southern British North Sea estimated to contain a total of 190 million barrels of oil equivalent from Cluff Natural Resources, Cluff said on Friday
read more... 08/02/2019
Rosneft CEO said the company plans investments between 1.2 and 1.3 trillion RUB in 2019
Despite a weaker Q4, Rosneft demonstrated solid 2018 growth, more than doubled net profit to RUB 549 billion, from RUB 222 billion in 2017.
read more... 06/02/2019