Latest news
Shell to ink a $12 billion gas deal with Iraq
Iraq and Royal Dutch Shell are on the way of signing a $12-billion gas deal on July 12, to capture and exploit great volumes of gas flared from southern oil fields.
read more... 12/07/2011
Kazakhstan to boost its oil exports
The construction of an oil pipeline started on Friday in Kazakhstan that will lead to an increase in oil exports from an oil field owned by the major energy company Chevron Corp. It marked the start of work enhancing the Caspian Pipeline Consortium route in the Western part of Kazakhstan.
read more... 05/07/2011
The Kazakh government may block the Karachaganak Gas Project Development
According to the Kazakh oil and gas minister, Kazakhstan risks to suspend the development of its most important gas field, called Karachaganak, if it hesitates to heal the conflict with the project’s foreign shareholders.
read more... 20/05/2011
Gazprom and Total to jointly explore Bolivian energy fields
According to the head of Bolivian energy company, YPFB, declarations, Bolivia and Gazprom may sign an agreement within the next weeks to allow Gazprom to explore of hydrocarbons.
read more... 19/05/2011
BP to sell a package of U.K. assets to Perenco for up to $610 million
The British oil giant BP Plc announced on Tuesday a deal to sell its interests in the Wytch Farm, Wareham, Beacon and Kimmeridge oil fields in the UK to European oil and gas company Perenco UK Ltd. for up to $610 million in cash, as it plans to equilibrate its balance sheet following the last year’s Gulf of Mexico oil spill. Under this deal, BP aims to divest about $30 billion per year.
read more... 18/05/2011