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Ukraine to increase its oil production by one million tons in Egypt

According to data published on Monday by the Ukrainian Ukrinform news, the Ukrainian Joint-Stock Company Naftogaz intends to increase its production about one million tons of oil in Egypt oil fields in 2012.

read more... 05/04/2011


Rosneft and Chevron to break their collaboration on Black Sea field

According to Kommersant business daily declarations, U.S. oil giant Chevron Corporation and Russian state oil producer Rosneft are likely to put an end to their collaboration on a joint development of the Val Shatskogo deposit on the Black Sea field, a deepwater region which is said to contain more than 6 billion barrels of oil

read more... 23/03/2011


Iraq considers a public sale for the Nassiriyah oil field

Iraq is considering an auction for the Nassiriyah oil field later in 2011, a senior Iraqi government official declared on Tuesday.

read more... 23/02/2011


Gazprom agrees to join Eni’s Elephant oil field project in Libya

Gazprom, the Russian gas giant, has signed an agreement yesterday with the Italian gas company, Eni. The deal was signed in Rome and provides that Gazprom will buy a 33% stake in the Elephant oil field project in Libya, half of which is owned by Eni.

read more... 17/02/2011


Rosneft makes two new discoveries in the Eastern Siberia

Russia's largest state-owned oil company, Rosneft announced that it has discovered two new oil and gas fields in Eastern Siberia with recoverable reserves of around 80 million metric tons each.

read more... 16/02/2011