Latest news
Total buys a 25% stake in Qatar offshore block
The French energy giant Total announced that it has signed an agreement with CNOOC Middle East (Qatar) to acquire a 25% stake in Qatar's Block BC offshore exploration license. CNOOC Middle East will hold an interest of 75% and will remain the operator of the block.
read more... 30/05/2011
German regulator criticizes petrol station oligopoly
The German regulator criticizes the way in which the five largest oil companies BP, ExxonMobil, Shell, ConocoPhillips and Total set the prices of motor fuel and is accusing them of price manipulation.
read more... 30/05/2011
The impact of the North Sea tax hike
According to a survey performed by Oil & Gas UK and released on May, 10th, the recent tax hike imposed by George Osborne, the UK Chancellor may jeopardize 15,000 jobs and £12b of investment in the North Sea.
read more... 27/05/2011
A blast hits Iranian oil refinery during president Ahmadinejad’s visit
Iranian state media agency has reported that an explosion rocked at Abadan Refinery on Tuesday during the visit of Iran’s president Mahmoud Ahmadinejad, even at the moment he was holding a speech at the plant inauguration ceremony.
read more... 25/05/2011
Russia and China to boost energy cooperation
China National Petroleum Corp (CNPC) and the Russian energy giant Rosneft agreed to build a Sino-Russian oil refinery in Tianjin, northern China, until the end of this year. The refinery will be built by the Russian-Chinese joint venture and is estimated to cost about 4.62 billion U.S. dollars.
read more... 24/05/2011