Latest news
Lukoil begins offshore drilling at its Romanian Black Sea perimeter
Lukoil, the third investor interested in the Romanian Black Sea gas (after OMV Petrom and Black Sea Oil and Gas controlled by investment fund Carlyle), will start drilling operations this autumn after obtaining the necessary permits, Economica.net reported.
read more... 25/07/2019
Global oil consumption stagnates leaving prices under pressure
Global oil consumption has stalled since the middle of 2018, making lower oil prices inevitable despite the best efforts of Saudi Arabia and its allies to reduce production.
read more... 24/07/2019
United Oil and Gas acquiring Egypt explorer for £13m with help from BP
United Oil and Gas (UOG) plans to acquire Rockhopper Egypt for £12.8m with help from BP.
read more... 23/07/2019
Russia’s oil output rebounds from 3-year-low
Russia’s oil production in the past few days has recovered to the ceiling that Moscow has pledged in the OPEC+ deal, Russian Energy Minister Alexander Novak said, after output had dropped to nearly 3-year lows in the 1st days of July, Oilprice reported.
read more... 22/07/2019
Polish LNG terminal receives 64th cargo
Polish liquefied natural gas import facility the President Lech Kaczyński terminal in Świnoujście has received a new cargo on Tuesday, July 16.
read more... 18/07/2019