Latest news
BP invested $33 billion in Azerbaijani energy fields
The British energy giant, BP has invested $33 billion in developing Shah Deniz and the Azeri-Chirag-Guneshli (ACG) field, which will involve as well the construction of the Baku-Tbilisi-Ceyhan and the South Caucasus pipelines.
read more... 04/11/2011
Chevron to begin exploratory drilling of shale gas in Poland
The Polish subsidiary of Chevron announced it began exploratory drilling to assess the shale gas potential in Poland. The well will be drilled in Horodysko hamlet, near Lesniowice, on the Grabowiec concessions in Lubelskie.
read more... 04/11/2011
Tax rebates for natural gas imports in China
China will offer a tax rebate for its growing imports of natural gas, as well as for piped gas from Central Asia and seaborne shipments of LNG. The rebates will be in force from 2011 to 2020 and will be applied in case of higher costs of imports than the domestic wholesale prices.
read more... 30/08/2011
OSPRAG summit highlights the oil spill prevention in UK
Oil & Gas UK, a representative organization for the country's offshore oil and gas industry will organize a summit in Aberdeen on September 21st, called UK Oil Spill Prevention and Response Group (OSPRAG), which will provide a comprehensive overview of the joint approach taken by the industry and its regulators to further improve the UK’s prevention of and response to a major well control incident.
read more... 23/08/2011
Gulf Keystone makes the second significant oil discovery in Iraq
Gulf Keystone Petroleum Ltd., an AIM listed independent oil and gas exploration company announced a significant discovery at the Shaikan-1 exploration well, in the Kurdistan region of Iraq.
read more... 12/08/2011