Latest news
Eni strikes a new gas discovery off the coast of Mozambique
The Italian energy major Eni announced that it has discovered more gas off the coast of Mozambique.
read more... 28/02/2013
Eni had made important oil discovery in Egypt
Italian energy company Eni has announced on Wednesday that it had made a new oil discovery, at the NFW well “Rosa North 1X‘, located in the Meleiha Concession, in the Western Desert of Egypt, as Eni plans to consolidate exploration activities in the country.
read more... 07/02/2013
EIA: US oil production to increase by 25% by 2014
According to the Energy Information Administration, the US oil production will grow by a quarter in the next two years, to its highest level in 26 years. The US oil production would grow by 900,000 barrels per day (bpd) in 2013 to 7.3 million bpd. The reason of the increase in oil production is mainly because of the discovery of vast reserves of shale oil.
read more... 10/01/2013
Total announces new oil discovery in North Sea
The French operator Total announces that it has made an oil discovery in the Garantiana prospect located in the Norwegian North Sea, which is expected to contain 25 million to 75 million barrels of recoverable oil and is situated 185 kilometers northwest of Bergen and 30 kilometers northeast of the Visund Field, at water depths of 384 meters.
read more... 04/12/2012
Repsol strikes gas in Algeria
The Spanish energy giant, Repsol has recently made a gas discovery in the Illizi basin, in the south east of Algeria, marking its first gas discovery in this side of the country.
read more... 12/11/2012