Latest news
Oil exploration is a key issue for voters in Norwegian parliamentary election
The Green party pledges to stop oil exploration in Norway and phase out production within 15 years. Norway's number one industry accounts for half of national exports and employs over 180,000 people. The greens have been gradually gathering support over the past 4 years and are polling at about 5% of the votes, underlining changes in Norwegian society and divisions over the future of oil.
read more... 01/09/2017
Hurricane Harvey forces 10 refineries to close
Because of the tropical storm Harvey ravaging the US’ leading energy hub, key oil refineries were forced to shut down.
read more... 28/08/2017
Rosneft extends to the Asian market, buys India’s Essar Oil
Russian oil company has made a $12.9 billion worth purchase of the Indian refinery Essar Oil, which will enable them to establish and expand their services in one of the world’s fastest growing oil consumers.
read more... 23/08/2017
Total to purchase Maersk Oil for $7.45 billion
Transport and logistics company Maersk decided to sell 100% of its equity of its oil and gas unit, E&P company Maersk Oil & Gas (Maersk Oil), to Total for $7.45 billion. The deal will signify the start of Maersk moving towards its dismembering, which is estimated to be the biggest single transaction.
read more... 21/08/2017
Nigeria state oil firm drives production price of oil barrel from $29 to $23
Nigeria announced that it has reduced the production cost per barrel of crude oil from $29 last month to $23. The cut in price follows complaints about the price of the barrel being the highest in the world.
read more... 17/08/2017