Latest news
China becomes one of world’s leading offshore energy producers.
China has become a part of the world's elite “club of offshore oil producers” following China National Offshore Oil Corporation's (CNOOC) announcement that its oil and natural gas output exceeded 60 million metric tons in 2010.
read more... 06/01/2011
Russian-Chinese oil pipeline starts operating
A crude oil pipeline between Russia and China is now in operation which will help Russia in diversifying its oil clients more towards the east and will overturn decades of Russian dependence on European markets. The project costs $25bn and was partially financed by Chinese loans.
read more... 05/01/2011
Daily energy Market Overview, Monday, January 03, 2011
Oil prices continued to increase above $92 a barrel on Monday, on expectations over an economic upturn which could raise energy demand.
read more... 03/01/2011
The Norwegian division of Cosalt Offshore has a new Managing Director
Cosalt Offshore, a manufacturer and supplier of lifting slings and lifting, towing and mooring equipment for the oil and gas industry, appointed Runar Blakstad as the new Managing Director of its Norway division.
read more... 03/01/2011
BP examines the possibility of drilling a new well in the Caspian Sea.
BP, the largest foreign investor in Azerbaijan which operates the technical aspects of the project on the development of the Shah Deniz gas field wants to build new production well in the Caspian Sea.
read more... 30/12/2010