Latest news
Three oil majors subject to EU raids over price manipulation
European anti-trust authorities have conducted unexpected raids at offices of at least three oil majors Shell, BP and Statoil, being suspected of manipulation in global oil prices over a decade, marking one of the biggest international actions since the Libor rigging scandal which shook the markets.
read more... 15/05/2013
Oil production of five main international oil companies decreased 25% since 2004
Crude oil production of Exxon, BP, Shell, Chevron and Total has fallen by 25.8% over the past twelve years, after beating an historic high in 2004 when total combined crude production reached 10.76 million barrels a day. The production has fallen despite huge growth in their investments, allowed by the significant increase in crude oil prices practiced since late 2000.
read more... 22/04/2013
Gazprom allies Shell to explore Arctic shelf
Russia’s gas giant Gazprom allies the American outfit Shell to jointly develop and explore Russian Arctic shelf and a deep-water offshore project outside of Russia.
read more... 18/04/2013
Shell to develop shale gas reserves in China
Shell has won government the authorization for its production sharing contract with China National Petroleum Corp., the nation’s biggest oil and gas company. China is working with overseas partners in a move aiming to begin hydraulic fracturing.
read more... 26/03/2013
It is official: Ukraine signed a major shale drilling deal with Shell
Ukraine and the world oil giant Royal Dutch Shell signed on January 24 a $10 billion shale gas production sharing agreement aimed at helping the ex-Soviet country to reduce its dependence on Russia.
read more... 31/01/2013