Latest news
Eight energy companies promise methane cuts from natural gas
BP, ExxonMobil, Shell, Statoil and Total are among eight energy firms that inked the Guiding Principles document to further cut methane emissions from their natural gas assets.
read more... 23/11/2017
Azerbaijan: The deal to extend oilfield to 2049 signed by BP-led partners and SOCAR
A deal has been signed between the Azerbaijan government, the State Oil Company of Azerbaijan (SOCAR) and BP-led partners for the Azeri, Chirag, and deepwater Gunashli field (ACG) in the Caspian Sea.
read more... 18/09/2017
BP: Agreement on Caspian Oil Field prolonged up to 2050
In the following days, a deal is likely to be inked between Azerbaijan and BP on extending the development of the Azeri-Chirag-Gunashli (ACG) oil field up to 2050.
read more... 07/09/2017
Libyan Sharara oil field shuts down gradually after closure of a control room in Zawiya
Sharara oil field in Lybia, which had a production of 270,000 barrels a day (bpd), is gradually closing after the closure of a control room in the northern city of Zawiya, as stated by an engineer at the field late on Sunday.
read more... 07/08/2017
Daily (07.08.2017): Oil prices rose 0.8% on Friday on strong U.S. gasoline demand
Oil prices were bullish on Friday as strong summer demand for transport fuel has buoyed benchmark contracts. U.S. gasoline demand rose to a record 9.842 million bpd last week, according to government data published. Brent crude jumped by 0.79% to close at $52.36 a barrel, while WTI price rose by almost 0.9% to close at $49.59 a barrel.
read more... 07/08/2017