Latest news
Extraction of extra 900 million barrels of oil is possible from the vast UKCS fields
A huge amount of oil could be pulled out from a certain number of massive oil fields in the UK Continental Shelf (UKCS).
read more... 07/09/2017
BP: Agreement on Caspian Oil Field prolonged up to 2050
In the following days, a deal is likely to be inked between Azerbaijan and BP on extending the development of the Azeri-Chirag-Gunashli (ACG) oil field up to 2050.
read more... 07/09/2017
A joint exploration in Siberia agreed between Russia's Rosneft and China's CEFC
Russian oil major Rosneft declared on Sunday it inked a cooperation deal with CEFC China Energy Company for joint exploration in Siberia.
read more... 05/09/2017
Discussions between Italian Eni and Iran on oil and gas projects
A feasibility study is expected by Eni (Italy) on the expansion of oil and gas fields in Iran. There have already been concluded two agreements on the matter in question. The results of the studies will be available within 6 months.
read more... 04/09/2017
Oil exploration is a key issue for voters in Norwegian parliamentary election
The Green party pledges to stop oil exploration in Norway and phase out production within 15 years. Norway's number one industry accounts for half of national exports and employs over 180,000 people. The greens have been gradually gathering support over the past 4 years and are polling at about 5% of the votes, underlining changes in Norwegian society and divisions over the future of oil.
read more... 01/09/2017