Latest news
PetroChina to acquire 50% stake in Ineos’ Lavera and Grangemouth
PetroChina will buy a 50% stake in two projects of the European oil-refining company, Ineos worth $1.02bn.
read more... 02/02/2011
Max Petroleum provides a production test of UTS-1 well in Kazakhastan
Max Petroleum, an oil and gas exploration company, based in UK, will provide a production test at its UTS-1 well, at the Uytas field in western Kazakhstan.
read more... 01/02/2011
Iran is planning to open a new oil refinery in the Middle East
According to Teheran Times, Iran is planning to put into operation the biggest oil refinery in the Middle East, called Shazand in the next few days.
read more... 01/02/2011
Exxon Mobil drills a record long well at Sakhalin-1, Russia
Exxon Neftegas, the subsidiary of Exxon Mobil Corporation announced that it has drilled an extended-reach (ERD) well with a world record length at the Sakhalin-1 Project in the Odoptu field, offshore Russia.
read more... 31/01/2011
Exxon and Rosneft sign an agreement to develop Black Sea oil and gas
Exxon, the U.S. major oil company and Rosneft, the Russia's oil giant have signed on January 27th an agreement to develop offshore oil and gas in the Black Sea.
read more... 28/01/2011