Latest news
Venezuela: Major gas agreement with Eni and Repsol
Venezuelan state energy giant Petroleos de Venezuela (PDVSA) inked a supply contract with Italy's Eni SpA and Spain's Repsol YPF for development of the South American country's massive offshore Perla gas field.
read more... 27/12/2011
CNOOC: a subsea leakage in Zhuhai terminal
China's offshore oil and gas producer CNOOC reported a leak in a subsea pipeline at its Zhuhai Henggin gas processing terminal in South China's Guangdong province, prompting the halt of some platforms at the Pangyu 30-1 and Huizhou 21-1 fields.
read more... 20/12/2011
TNK-BP to invest $10bn in Arctic oil fields
Russian oil company TNK-BP, 50 % owned by BP, will invest up to $10 billion in Arctic oil field development and construction of a pipeline, enabling thus the export of its reserves to Chinese markets by 2016.
read more... 15/12/2011
Iran discovers huge offshore gas field in Caspian Sea
Iran has discovered a huge gas field in the territorial waters of the Caspian Sea with a reserve of at least 50 trillion cubic feet, Iranian Oil Minister Rostam Qasemi announced on Sunday.
read more... 12/12/2011
Shell ceases activities in Syria amid tighter sanctions
Shell announced on Friday its decision to cease its activities in Syria’s oil fields, a day after the European Union imposed new sanctions on the regime of Bashar al-Assad.
read more... 05/12/2011