Latest news
Israel seeks natural gas cooperation with Greece
After the recent natural gas discovery in the Leviathan field, Israeli officials faced several options for natural gas transportation.
read more... 25/01/2011
Valiant Petroleum discovers oil at North Sea well
Valiant Petroleum, the British oil and gas explorer, has found oil reserves at a well it owns in Don Southwest fields in the North Sea.
read more... 24/01/2011
BP and Rosneft sign offshore exploration agreement
European oil giant BP has concluded a deal with Rosneft, Russia's largest oil producer, to develop the Arctic's vast oil and gas fields. The agreement provides the development of three of Rosneft's offshore license exploration blocks-- EPNZ 1,2,3 in northern Russia.
read more... 18/01/2011
Iran has found huge reserves of gas
Iran, OPEC's second largest oil exporter, has discovered a new gas field onshore with reserves valued at 50 billion dollars, Oil Minister Masoud Mirkazemi said on Sunday.
read more... 17/01/2011
Japanese giant traders target Russia’s Yamal LNG Project
The Japanese firms, Mitsui and Mitsubishi want to join in the liquefied gas field project on Russia's Yamal Peninsula on the Arctic Ocean. The Yamal Peninsula is situated in the middle of the Russian coast on the Arctic Ocean, a convenient location for exporting liquefied natural gas both to Europe and the Far East.
read more... 11/01/2011