Latest news
Italy’s Eni to diminish production targets at Iraq oil field
The Italian oil giant Eni decided to diminish production targets at its major oil field in Iraq-Zubair, while extending the duration of the Technical Service Contract for an additional five years, until 2035.
read more... 16/07/2013
Daily: British gas edges up on colder weather forecast, drop in imports from Norway
Brent crude oil dropped on Monday following news that Libya’s major Sharara oilfield and an Iraqi pipeline will resume operations, easing concerns about global oil supplies after an early hike to a three-month high above $108 a barrel on continuing unrest in Egypt.
read more... 09/07/2013
Southern Italy holds major crude oil potential
Southern Italy, known as the second largest producer of olive oil, is also the holder of Europe’s biggest onshore crude oil fields, according to geologists.
read more... 05/07/2013
TAP has won the tender to carry gas to Europe
The Shah Deniz II consortium has announced yesterday that it has made the choice and selected the Trans Adriatic Pipeline to carry gas to Europe, defeating the Nabucco West consortium. TAP is expected that will transport more than 20 billion cubic meters per year of natural gas from the Shah Deniz II field in Azerbaijan, through Greece and Albania to Italy and further into Western Europe. Nabucco West and TAP were the only two bidders in the project to transport the Azerbaijani gas.
read more... 27/06/2013
Southern Italy has a great crude oil potential
Southern Italy, known as the second largest producer of olive oil, is also the holder of Europe’s biggest onshore crude oil fields, according to geologists.
read more... 03/06/2013