Latest news
BP inks $1.3 billion agreement with Det norske to fuse Norwegian oil and gas businesses
Norwegian company Det norske oljeselskap (Det norske) has inked a $1.3bn deal with BP to fuse with BP Norge in a bid to form the biggest Norwegian independent oil and gas producer.
read more... 14/06/2016
Russian firm brings more oil online in Iraq
Output from three new wells brought online at the Badra oil field add to the overall daily production from OPEC-member Iraq, as indicated by a Russian field operator.
read more... 10/06/2016
More than three in ten UK oil and gas firms plan further redundancies, survey shows
More than four in 10 of the UK’s oil and gas companies are envisaging cutting costs further amid the downturn in the industry, according to a new survey from the Bank of Scotland and Lloyds Bank Group.
read more... 08/06/2016
Oil and gas sector anticipates an increase of the M&A by 50%
The global oil and gas industry anticipates mergers and acquisitions (M&A) to raise by 50% year-on-year.
read more... 31/05/2016
China's CNPC might think about increasing Rosneft stake
China National Petroleum Corporation (CNPC) could think about raising its stake in Russian state oil company Rosneft during a scheduled privatisation program, as stated by its chairman on Monday.
read more... 31/05/2016