Latest news
UK to become leader in North Sea crude and gas projects by 2025
UK is likely to lead the new crude and natural gas projects in the North Sea region by 2025, as unveiled a report from Globaldata.
read more... 01/04/2016
OPEC and non-OPEC members to meet on April 17 in Doha despite divergent views
Saudi Arabia has said it will freeze oil output in April regardless of whether or not it can come to an agreement with Iran.
read more... 28/03/2016
ExxonMobil to buy a 15% stake in Eni’s Mozambique field
U.S. energy giant ExxonMobil is envisaging buying a stake of around 15% in Italian oil major Eni’s giant Area 4 gas field in Mozambique.
read more... 28/03/2016
Shell will develop Chinese petrochemical plant
Shell has made a final investment decision on developing a petrochemical plant with a Chinese company.
read more... 24/03/2016
Gazprom saw a record oil production of 10 million barrels at Prirazlomnoye field, in Arctic north
Russian giant Gazprom saw a milestone production at its Arctic Prirazlomnoye field in the Pechora Sea, 60 km offshore Russia with its 10 millionth barrel of oil.
read more... 23/03/2016