Latest news
Exxonmobil finalizes LNG purchase in Mozambique
ExxonMobil, the biggest publicly traded international oil and gas energy firm, declared that it accomplished the transaction of liquefied natural gas purchase in Mozambique’s Area 4 block.
read more... 15/12/2017
Russia starts a massive gas project in the Arctic
Russia started its Yamal gas unit, a huge project in one of the most isolated regions in the world, as this is becoming more accessible because of climate change.
read more... 11/12/2017
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