Latest news

Russian oil giant announces start of vast Arctic project

He thanked Putin, with whom he has close relations, for the adoption of a law facilitating Russian investments in the Arctic

read more... 26/11/2020


Equinor to boost Johan Sverdrup output

Once again, the Equinor-operated Johan Sverdrup field is increasing its daily production capacity, expecting to reach around 500,000 barrels of oil per day by the end of the year.

read more... 18/11/2020


European lockdowns weigh on global fuel recovery

As the second wave of the virus hit many Western countries, governments imposed new lockdowns, closing restaurants and bars and banning gatherings. But the measures were not as strict as during the first wave

read more... 11/11/2020


Norway plans heavy oil ban around Svalbard

The Norwegian government has announced plans to ban heavy fuel oil (HFO), a dirty marine fuel that propels most vessels, around its Svalbard archipelago in the Arctic Ocean. The effort comes as UN efforts have been deemed too slow.

read more... 10/11/2020


Russia’s Crude Oil Exports Drop 8% In January-August

Russia’s crude oil exports dropped by 7.9 percent year over year in the period January to August, according to Russian federal customs data cited by local cargo analytics outlet SeaNews.

read more... 29/10/2020