Latest news
United Arab Emirates to increase production capacity.
The United Arab Emirates declared that, they currently have a production capacity of 2.7 million barrels per day and are planning to increase the capacity to 3.5 million bpd. As a lot of multinational companies have large stakes in concessions in this country, the UAE relies on these to make it possible.
read more... 23/09/2010
Russian joint venture, TNK-BP signed a deal to supply crude oil blend to Vietnam
On Monday, TNK-BP announced it has signed a contract to supply Russian ESPO crude oil blend to Vietnam, as the company is still going to buy BP’s assets in the Asian state.
read more... 21/09/2010
Ithaca acquires GDF Suez natural gas assets in the North Sea
Ithaca has decided to acquire GDF Suez shares in several North Sea assets. The amount of the transaction is GBP 11.25 million and includes shares in several natural gas fields.
read more... 06/08/2010
$256 million paid by BP to claimants who have lost profit due to oil spill
BP paid up till now $256 million for claims on the profit loss due to the oil spill in the Gulf of Mexico, payments that started to be made on May 3rd. The
read more... 30/07/2010
BP sells North American assets
BP initiated a massive sale of its assets in Canada, USA, and Egypt, to the rival company Apache.
read more... 22/07/2010