Latest news

UK wishes to revive gas extraction in oldest region of North Sea oil basin

UK's Oil and Gas Authority (OGA) published on Thursday an eight-step program for oil companies with phases to follow to discover the southern North Sea gas deposits difficult cu reach, where drilling for fossil fuels began over 50 years ago.

read more... 23/06/2017


Norwegian trade unions reach wage deal, avoiding strike

Norwegian oil and gas companies draw a wage agreement with employees on Saturday, ending the possible strike at five oil fields.

read more... 12/06/2017


Norwegian union threatens strike at several oil fields

The oil output from several Norwegian fields may be disrupted starting this weekend, threatened by a potential strike by 150 oil employees if a new wage deal is not agreed before a Friday deadline.

read more... 09/06/2017


Greece will start opening up onshore oil and gas prospects in 2018

Greece will start the process of opening up new onshore oil and gas prospects to exploration next year, as stated by the chief executive of the country's oil and gas resources management company on Monday.

read more... 30/05/2017


OMV and ADNOC decide to explore opportunities for collaboration

Austrian oil and gas conglomerate OMV and Abu Dhabi National Oil Company (ADNOC) decided on Thursday to explore opportunities for cooperation, among others in downstream projects.

read more... 26/05/2017