Latest news
U.S. permits block the exploration of the Gulf of Mexico.
After the BP crisis in the Gulf of Mexico, U.S. authorities have been more restrictive in giving permits that allow companies such as Shell to make further drillings.
read more... 03/12/2010
Uganda to satisfy in-house market oil demand.
Uganda is set to build a refinery in order to meet the local oil demand of an estimated 25,000 barrels per day (bpd) and eventually afterwards supply up to 200,000 bpd for export.
read more... 01/12/2010
BP in negotiations with Chinese for assets sale.
BP is in negotiations with the third largest Chinese oil company over selling its assets in Argentina’s Pan American Energy.
read more... 12/10/2010
TNK-BP wants to expand further.
The Russian company that is a mixture between BP and Russian investors is looking to acquire BP’s assets in Algeria, after entering negotiations for other BP assets in Vietnam and Venezuela.
read more... 07/10/2010
Angola – surpassing its OPEC quota.
Oil minister Jose Botelho de Vasconcelos was quoted by local news agency declaring that Angola is extracting more than its OPEC quota. The Angolan official said that they’re producing 1.9 million barrels of oil per day even though they admit the output target set by OPEC is 1.656 million bpd, and still, industry sources say that it is even lower, at 1.52 million bpd.
read more... 27/09/2010