Latest news
The construction of Russian-Chinese pipeline postponed due to a financial disagreement
According to the daily Kommersant reports, the building of Russian oil pipeline conceived to carry Arctic oil to China may be halted following the internal dispute between the companies involved.
read more... 30/03/2011
TAP chooses Greek pipeline as optimal route
The Trans Adriatic Pipeline (TAP) designed to deliver natural gas from the Caspian region to Europe via Greece, Albania, and Italy, has finished its route refinement study of the pipeline section between Thessaloniki (Greece) and the Greek-Albanian border.
read more... 30/03/2011
Exillon Energy appraises oil findings in Western Siberia
Exillon Energy, a British independent oil company with upstream operations in two oil rich regions of northern Russia, has revealed an oil finding from the appraisal well 5 (EWS I - 50P) in western Siberia.
read more... 29/03/2011
Crude oil declines for the fourth consecutive day on NYMEX
Crude oil prices continued to ease for the fourth consecutive day in New York as Libyan rebels gained ground against the Libyan leader Muammar Gaddafi, boosting expectations that the Libyan unrest will be finished soon and oil production from the nation may be restored quicker than expected.
read more... 29/03/2011
Iran sees No Reason for OPEC Extraordinary Meeting
Iranian Oil Minister Masoud Mirkazemi, the actual OPEC president, declared on Sunday that despite the oil hike of over $100/barrel, there was no need to hold an emergency meeting of the oil producers, members of the Organisation of Petroleum Exporting Country (OPEC).
read more... 28/03/2011