Latest news
Norway awards new offshore drilling licenses in Barents Sea for the first time in 2 decades
Norway’s government awarded on Wednesday 10 new licenses for offshore oil and gas exploration in the Barents Sea, including three in previously untapped waters near the Russian border.
read more... 19/05/2016
French oil company Total to acquire battery manufacturer Saft
French oil firm Total intends to acquire battery maker Saft, extending its push into new energy technologies, as stated by the companies.
read more... 10/05/2016
India and Iran will clear $6.4 billion oil payments through European banks
The central banks of India and Iran have apparently decided to use European Banks to clear oil payments to Tehran. They are valued at $6.4 billion (£4.4bn), according to Indian Oil Minister Dharmendra Pradhan.
read more... 09/05/2016
Shell cuts its 2016 spending as it grapples with low oil prices
Energy giant Royal Dutch Shell said it will cut its 2016 spending by another 10%, as lower oil prices continue to hit its business.
read more... 05/05/2016
Doha summit resulted in a deadlock after Iran’s last-minute decision to stay home
A summit in Doha between the top oil producing countries in the world ended without an agreement on Sunday, as country leaders failed to negotiate a production freeze intended to strengthen prices.
read more... 18/04/2016