Latest news
Shell agrees to sell its downstream assets in Chile
The energy giant Royal Dutch Shell PLC announced on Friday that it has agreed to sell the majority of its downstream business to the Chile’s largest business conglomerate Quinenco, for a total amount of $614 million.
read more... 04/04/2011
BP will restart drilling in the Gulf of Mexico
BP asked U.S. regulators to give the company permission to resume drilling in the Gulf of Mexico, as early as July, less than 15 months after an accident that killed 11 workers and led to the release of more than 4.9 million barrels of oil from BP's well into the Gulf of Mexico.
read more... 04/04/2011
Cnooc and Total sign Agreements to buy stakes in Tullow’s Ugandan assets
Anglo-Irish energy firm Tullow Oil declared on Wednesday that it has agreed to sell part of its Uganda assets to France's Total and China's CNOOC for an amount of USD 2.9 billion.
read more... 01/04/2011
Libyan authorities to fight against rebel oil deals
The Libyan government announced on Wednesday that they will take to court any international company which will perform energy agreements with rebels. At this moment, rebels manipulate some oil infrastructure from the eastern Libya.
read more... 01/04/2011
Tax hike pushes oil firms to halt its North Sea investment projects
Two more giant energy companies, Scottish Gas, owned by Centrica and Valiant Petroleum have postponed their investment projects in the North Sea following a recent tax hike on oil production in the U.K.
read more... 31/03/2011