Latest news
Oil production in Russia decreased by 0.8%
Oil production in Russia declined from 10.14 million barrels in July to 10.06 million barrels in August, according to the Energy Ministry.
read more... 02/09/2010
Offshore renewable energy in UK
The offshore renewable energy industry in UK might produce electricity corresponding to one billion barrels of oil per year, matching oil and gas output in the North Sea, as stated in a report.
read more... 20/05/2010
Lindsey refinery acquisition
Oil Refinery Petroplus, based in Switzerland, has submitted a proposal to buy Total’s refinery Lindsey in the UK. In order to reduce its total production capacity of oil, Total, the largest oil company in France, intends sell its 223 000 barrels per day Lindsey refinery. This event was rather unexpected news.
read more... 23/04/2010
Russian Oil Production established a record in March
Official data show that Russian oil production increased to a record high, from 10.08 billion barrels per day in February to 10.12 billion barrels per day in March. This was conditioned by factors, such as: rising demand and prices on the global market, the recovering global economy, etc.
read more... 02/04/2010
SEE Acquisitions in gas sector.
Scottish & Southern Energy has agreed to purchase Hess Ltd assets in Northern Sea, consisting of 384 billion cubic feet of natural gas or 64 million barrels of oil equivalent and Central Area Transmission System (CATS) pipelines.
read more... 01/04/2010