Latest news
Iran faces tougher EU oil sanctions
Europe will announce new oil sanctions on Iran on Monday, involving the ban on Iranian oil imports and also a restriction of Iran’s exchanges in gold and precious metals.
read more... 23/01/2012
Norway granted 60 oil production licenses in mature fields
The Norwegian government has decided to award 60 production licenses to 42 oil companies in the Awards in Predefined Areas round for 2011 (APA 2011), while 27 of them were granted operatorships.
read more... 18/01/2012
Bulgaria refuses to pay Russia for Burgas-Alexandroupolis oil pipeline
The Bulgarian Prime Minister announced that Bulgaria has no intentions to pay a single penny as to reimburse Russia for the Burgas-Alexandroupolis oil pipeline project.
read more... 12/01/2012
Statoil makes a new major oil discovery in Barents Sea
The Norwegian oil giant, Statoil has made an important oil discovery at its Havis prospect in the Barents Sea, being the second major oil find in less than a year.
read more... 11/01/2012
Iranian oil embargo may trigger an economic recession in Europe
According to the CNBC reports, analysts warned on Friday that oil prices could significantly increase and they would be difficult to keep under control if the European Union will follow the U.S. in banning Iranian oil imports.
read more... 09/01/2012