Latest news
BP makes biggest investment in North Sea history
The British oil giant, Europe's second-biggest oil company, was given the green light to perform a huge investment, of £4.5bn, in the North Sea oil field, this being the company’s biggest annual investment made in the U.K.
read more... 24/10/2011
Significant natural gas findings in the Northern Spain
A major gas field, potentially sufficient to meet Spain's needs for the next five years, has been discovered in the Basque Country.
read more... 21/10/2011
North Sea field hides more oil than predicted
In August this year, Statoil discovered a huge quantity of oil in the North Sea fields, with recoverable reserves estimated between 500 million to 1.2 billion barrels.
read more... 20/10/2011
Four energy majors in a huge North Sea investment
The UK oil giant, BP, alongside its partners Chevron, ConocoPhillips and Shell have won the British government approval to invest US$15.7 billion (GBP10 billion) in the development of a huge oil field in the North Sea over the next five years.
read more... 17/10/2011
French Government draws back three shale gas licenses
The French government decided to cancel three licenses on Monday, which allowed oil companies to explore shale gas in the fields of Southern France.
read more... 05/10/2011