Latest news
BP to enter Southern Corridor Pipeline battle
The British oil giant, BP may consider another pipeline for the transportation of natural gas from its Shah Deniz field, in the Azeri sector of the Caspian Sea, known as the South-East Europe Pipeline, which may compete with three other potential routes as Nabucco, the Trans-Adriatic and the IGI Poseidon.
read more... 27/09/2011
Huge oil field in North Sea to be sold for $1.75 billion
Apache Corp. announced on Wednesday that it will buy one of the largest oil and gas field in the UK from ExxonMobil for $1.75 billion.
read more... 22/09/2011
Shell to explore Ukrainian gas shale
Royal Dutch Shell and the Ukrainian state-owned gas company, Naftogaz have firmed on Thursday an updated agreement on joint efforts to search and develop oil and gas fields in the Dnieper-Donets Basin, east of Ukraine
read more... 02/09/2011
Total and Eni Q2 profits hit by weaker US dollar and Lybian disruptions
The French and Italian oil giants, Total SA and Eni SpA reported on Friday lower quaterly earnings, despite higher prices for oil, blaming unfavourable exchange rates, a dollar weakness and production losses following war disruptions in Libya which closed some oil fields.
read more... 01/08/2011
BP to invest £3 billion in North Sea fields despite tax hike
The oil giant BP is planning to invest £3 billion in developing the Schiehallion and Loyal oil fields in the Shetland Isles, despite the controversial oil tax hike initiated by the British government.
read more... 14/07/2011