Latest news
EU legislators give the green light for Arctic oil exploration
European lawmakers voted against a non-binding motion to prohibit oil and gas exploration in the Arctic.
read more... 17/03/2017
IEA report: Oil demand likely to reduce in 2017, non-OPEC countries seen rising production
The demand for oil is anticipated to decrease from 1.6 million barrels a day in 2016 to 1.4 million barrels a day in 2017 which will add more issues for the producers while they could try to increase prices, as indicated in the International Energy Agency report published earlier this week, based on the early 1st quarter indicators showing slowdowns in Japan, Germany, Korea and India in January 2017.
read more... 16/03/2017
Algeria’s Sonatrach to extend the LNG deal with Engie in March
Algeria’s state energy company Sonatrach is likely to extend a deal with French gas and power group Engie to supply 10 billion cubic meters of LNG per year.
read more... 09/03/2017
Lukoil hopes to reach a deal on two Iranian oilfields in April
Russia’s second-largest oil producer Lukoil hopes to secure a deal to develop two oilfields in Iran in April.
read more... 28/02/2017
Exxon Mobil will extend lifetime of Norway's Sigyn field until end-2022
Norway's Petroleum Safety Authority has given approval to operator Exxon Mobil to prolong the lifetime of its Sigyn field offshore Norway until end-2022, the safety watchdog declared on Friday.
read more... 27/02/2017