Latest news
Oil prices recovered from Tuesday’s session
Oil prices recovered from the 67 $ low on Tuesday increasing by 3%.
read more... 26/05/2010
Eni’s stake in GreenStream pipeline cut to 50%
The oil and gas most important company in Italy, Eni, has decided to cut its participation from 75% to 50% in the company GreenStream BV which manages a pipeline transporting gas from Libya to Italy, according to the officials of both societies.
read more... 25/05/2010
Total and ERG merger is approved by EU
French most important oil company Total and its Italian counterpart ERG Petroleum, had received UE’s permission for their merger in refining and marketing fields, which will take place in Italy.
read more... 24/05/2010
Statoil’s evacuation of North Sea platform
Statoil, the largest Norwegian oil and gas producer, had reported the evacuation of the North Sea oil platform today due to the modifications in the well pressure.
read more... 21/05/2010
Offshore renewable energy in UK
The offshore renewable energy industry in UK might produce electricity corresponding to one billion barrels of oil per year, matching oil and gas output in the North Sea, as stated in a report.
read more... 20/05/2010