Latest news

Romania will build a waste petroleum recycling facility

Romanian Green Oil and Lubes firm will have a recycling plant for waste lubricant oil. The $56 million project aims to transform oil waste into base oils so it might be reutilized in the automotive and industrial field. The 73,000 metric-tonne recycling site will be constructed in southern region of Romania, on Danube’s shore.

read more... 08/12/2017


Hungarian oil and gas major firm puts up on sale UK North Sea assets

Hungarian oil giant MOL declared about its intentions to sell its assets off the UK causing continuous tensed events in the North Sea. This comes after four years the company entered the area.

read more... 07/12/2017


China finds huge 1-billion-ton oil reserve in Xinjiang

A new oil field with around 1 billion ton of petroleum was discovered in China's Xinjiang Uighur Autonomous Region.

read more... 06/12/2017


Over 200 North Sea energy rigs to be decommissioned by 2025

According to Oil & Gas UK and Decom North Sea, more than 200 oil and gas rigs as well as 2,500 wells across the basin are planned to be closed by 2025 year.

read more... 30/11/2017


Norway: Statoil will drill more wells in Arctic Barents Sea

Norway’s company Statoil will continue to explore oil in the Arctic Barents Sea next year even if its 2017 campaign was expected to do better.

read more... 29/11/2017