Latest news
Iran to inaugurate the largest oil refinery in the Middle East
The Iranian Oil Minister, Masoud Mirkazemi reported to media that Iran will soon inaugurate the largest oil refinery in the Middle East.
read more... 07/02/2011
Indian Oil to build an oil and gas refinery in Turkey
Jyotiraditya Scindia, the minister of state, commerce and industry declared on Friday that Indian Oil Corporation (IOC) plans to build an oil and gas refinery with a yearly processing capacity of 15 million tons in Turkey.
read more... 07/02/2011
Chevron seeks to invest in Ukraine shale gas extraction
The Ukrainian Prime Minister, Mykola Azarov met last week with Chevron Corporation officials to discuss a possible investment in shale gas extraction in Ukraine.
read more... 04/02/2011
BP criticized by the British energy regulator
The Wall Street Journal reports that the British Health and Safety Executive, a British energy regulator, sharply criticized the energy giant, BP for keeping to perform workings in the North Sea without taking into account the considerable operational risks and being unconscious about the safety norms at oil rigs in the North Sea.
read more... 04/02/2011
SSE acquires gas assets from Hess
Scottish and Southern Energy (SSE) agreed to perform an acquisition of natural gas production assets in the North Sea from Hess Corporation’s European unit. The cost of the transaction is £278 million and will include 18% stakes hold by Hess Corporation in a gas pipeline operated by BP.
read more... 03/02/2011