Latest news
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
Exxon Mobil to make a huge investment in German natural gas exploration
According to an interview in the German business daily Handelsblatt published on Monday, Exxon, the U.S. energy corporation, announced that it believes the state of North Rhine-Westphalia has huge amounts of gas to explore and it will invest several million Euros in exploring gas natural reserves.
read more... 25/01/2011
Shell follows the exploration of South Africa’s Karoo basin
Bulgaria has to meet the EU target of 1250MW (which represents 16 %) of energy generation from renewable sources by 2020.
read more... 19/01/2011
BP and Rosneft sign offshore exploration agreement
European oil giant BP has concluded a deal with Rosneft, Russia's largest oil producer, to develop the Arctic's vast oil and gas fields. The agreement provides the development of three of Rosneft's offshore license exploration blocks-- EPNZ 1,2,3 in northern Russia.
read more... 18/01/2011
A new oil auction in Iraq
Iraqi head of Petroleum Contracts and Licensing Directorate, Mahdi Al Ameedi, said that Iraq plans a fourth licensing auction that will grant international companies a number of oil and gas exploration contracts, reported Gulf News. Ameedi did not mention how many oil and gas fields would be included in the auction.
read more... 10/01/2011