The Montenegrin government offered concessions for oil and gas exploration for a period of 30 years in the Adriatic sea to a conglomerate of Italy's Eni and Russian No. 2 gas company Novatek, an economy ministry representative declared on Thursday.
read more... 05/02/2016
UK oil giant BP is planning to slash 4,000 jobs internationally due to declining profits as a result of oil price collapse.
read more... 14/01/2016
Poland's state-run gas distributor PGNiG is looking at different possibilities in oil and gas exploration and production in Iran once sanctions on the country are lifted, as stated by PGNiG's CEO.
read more... 24/11/2015
Italian giant Eni has inked a new concession and three amendment deals with the Egyptian Government for prospective petroleum exploration.
read more... 16/11/2015
Russia's Rosneft and associate ExxonMobil are among the four firms to obtain potentially lucrative exploration rights for fossil fuels off Mozambique's Indian Ocean coast on Thursday, as stated by the company.
read more... 30/10/2015