Latest news
Russia: Oil production was cut more than required in OPEC agreement
Russia’s Energy Ministry announced on Wednesday that the country’s oil production was 300,790 barrels per day (bpd) on the 1st of May, which is below the level registered in October and far less than requested under the OPEC agreement.
read more... 05/05/2017
BP: Caspian gas pipeline's Georgia section to be accomplished by mid-2018
BP intends to finalise by mid-2018 the Georgian section of a $40-billion strategic pipeline bringing Caspian gas from Azerbaijan into Europe, as stated by the British energy firm's country manager for Georgia.
read more... 02/05/2017
Polish government-run PGNiG consolidates its position in Norway
Polish government-run PGNiG (Polish Oil and Gas Company) has acquired a share in the Storklakken oil field which was discovered in 2010 by Aker BP ASA. The deal is carrying out PGNiG’s strategy in increasing hydrocarbon production outside Poland.
read more... 24/03/2017
BP to buy Clean Energy’s renewable natural gas assets
BP has agreed to buy the upstream portion of renewable natural gas business of Clean Energy Fuels.
read more... 03/03/2017
Daily (3.03.2017): Oil down 2%, clouded by supply worries, stronger dollar
Crude oil prices fell over 2% on Thursday after Russian crude output remained unchanged in February at 11.11 million barrels per day (bpd).
read more... 03/03/2017