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Gazprom Neft gets 30% in Cuba’s offshore blocks

Gazprom Neft, the subsidiary of Russian major Gazprom, has inked a Supplementary Agreement to the Production Sharing Contract (PSC) with Cuba's national oil company Cubapetroleo and Malaysia's oil and gas company Petronas on four blocks on the Cuban shelf of the Gulf of Mexico, the company said on Monday.

read more... 02/08/2011

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Eni to buy Vanttenfall’s Belgian operations

The Italian energy company, Eni has signed an agreement to buy Vattenfall's Belgian operations for about 157 million euros on an enterprise value basis.

read more... 29/07/2011

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Gamesa to deliver wind turbines for Aldesa

Gamesa, one of the largest wind turbines producers inked an agreement with Aldesa to supply 80 MW of wind turbine to two wind farms in Spain.

read more... 26/07/2011

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ENI and PDVSA in a $2 billion financing deal

The Italian energy company, ENI, signed a $2 billion financing agreement with Venezuela's Petroleos de Venezuela SA (PDVSA) to jointly develop oil projects in the Orinoco River basin and build a power plant in eastern Venezuela.

read more... 18/07/2011

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BP receives a £46 million settlement from Weatherford

BP announced on Tuesday that it has reached agreement with Swiss-based Weatherford to settle potential claims between the companies related to the Deepwater Horizon accident.

read more... 23/06/2011

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