Latest news
BP is looking for buyers as it wants to sell two of its famous lubricant brands.
The oil giant, BP has announced that it is planning to sell Duckhams and Veedol, the engine lubricant brands, both with a long tradition in the U.K.
read more... 24/02/2011
Total and other energy majors are suspending oil production in Libya
The French energy major, Total, announced on Wednesday that it has suspended its production capacity in Libya because of the deadly protests against the regime of Muammar Gaddafi.
read more... 24/02/2011
Iraq considers a public sale for the Nassiriyah oil field
Iraq is considering an auction for the Nassiriyah oil field later in 2011, a senior Iraqi government official declared on Tuesday.
read more... 23/02/2011
BP to buy a $7.2 billion stake in India’s Reliance Industries
The British oil giant BP declared on Monday that it is interested in buying a stake in oil and gas blocks into India’s Reliance Industries. The total amount of the transaction is estimated to around $7.2 billion and with this acquisition BP hopes to gain a significant position in the Asian country after the Gulf of Mexico oil spill.
read more... 22/02/2011
Oil spill in the Norwegian national park
An Icelandic cargo ship was leaking oil in a Norwegian national park on Friday after running aground and breaking two 250-ton fuel tanks.
read more... 21/02/2011