Latest news
OPEC should not convene an emergency meeting.
OPEC, the producer of 40 percent of the world's oil, doesn't need to gather for an emergency meeting to discuss any further reduction in oil production even if the price of crude oil hits $90 a barrel, Iran’s OPEC governor said.
read more... 13/01/2011
U.K. to intensify the number of oil and gas inspections in the North Sea
The U.K. government said Tuesday it will further enhance the number of inspections of oil and gas rigs operating in the North Sea as a consequence of the oil leak from the Gulf of Mexico.
read more... 12/01/2011
PetroChina into a refining deal with Ineos Group
PetroChina Co., China’s biggest energy producer, after agreeing to form a venture with U.K. refiner Ineos Group Holdings Plc, one of the UK’s largest private businesses, has acquired a strategic stake in Europe’s refining markets
read more... 11/01/2011
A new oil auction in Iraq
Iraqi head of Petroleum Contracts and Licensing Directorate, Mahdi Al Ameedi, said that Iraq plans a fourth licensing auction that will grant international companies a number of oil and gas exploration contracts, reported Gulf News. Ameedi did not mention how many oil and gas fields would be included in the auction.
read more... 10/01/2011
Iran targets the European gas market via Turkish pipeline
Mr. Masoud Mirkazemi, the Iranian oil minister and Mr. Taner Yildiz, Turkish energy and natural resources minister met in Tehran on 8th January 2011. The discussion was based on issues of mutual interest.
read more... 10/01/2011