Latest news
EIA: US shale oil production to soar by 80,000 barrels a day in March
The EIA forecasts U.S. shale oil production to rise in March at the highest pace since May last year, given that energy companies are increasing their drilling activities, taking advantage from crude prices hovering over $50 a barrel.
read more... 14/02/2017
Polish refiner Lotos targets a long-term oil supply agreement with Iran
Poland's second-largest oil refiner Lotos is interested in obtaining a long-term supply deal with Iran once it accomplishes a new coking division at its Gdansk refinery next year, as stated by its chief executive.
read more... 13/02/2017
Eni launches production at Angola’s East Hub
Italian oil and gas company Eni and its partners commenced production five months ahead of schedule at its East Hub Development Project, offshore Angola.
read more... 09/02/2017
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ExxonMobil’s Q4 earnings tumble 40% due to the prolonged downturn in oil prices
U.S. oil giant ExxonMobil reported earnings well below analysts’ expectations on January 31.
read more... 01/02/2017
Shell to divest its assets in North Sea for $3.8 bln
Oil major Royal Dutch Shell unveiled the sale of its North Sea oil and gas assets fields to private equity-backed Chrysaor for $3.8 billion in its first major exit from the basin in 45 years.
read more... 31/01/2017