Latest news
Socar and BP’s consortium to extend the development of Azeri-Chirag-Gunashli oilfields until 2050
Azerbaijan’s energy major SOCAR and BP-operated Azerbaijan International Operating Company (AIOC) signed a deal to extend the development the Azeri biggest fields by a quarter of century to 2050.
read more... 26/12/2016
Total to acquire Petrobras upstream and downstream interests in Brazil
French energy giant Total has agreed to acquire certain upstream and downstream interests of Petrobras in Brazil in a deal worth US$2.2 billion.
read more... 23/12/2016
Rosneft sells a 19.5% stake for $11 bn
Russia has sold a 19.5% stake in state-controlled oil major Rosneft to a consortium of Glencore and Qatar Investment Authority sovereign-wealth fund for €10.2bn ($11bn).
read more... 08/12/2016
Statoil has been awarded licences in Mexico’s deepwater round
Statoil has been awarded blocks 1 and 3 in the Saline Basin in the Deepwater exploration tender in the Mexican Round 1.
read more... 07/12/2016
BP gives the go-ahead for the $9bn Mad Dog 2 oil project in the Gulf of Mexico
BP has given the go-ahead for the $9bn Mad Dog 2 oil project in the US Gulf of Mexico despite a slump in oil prices.
read more... 02/12/2016