Latest news
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
Statoil and ExxonMobil obtain oil licenses in Ireland
Oil titans Statoil and ExxonMobil have obtained six offshore licenses in Ireland.
read more... 04/03/2016
Petrobras secures a $10 billion loan from China
Brazil’s state-controlled oil producer Petroleo Brasileiro (Petrobras) has secured a $10 billion loan from China Development Bank Corp to help pay most of its 2016 debt.
read more... 01/03/2016
Eni cuts investment after substantial fourth-quarter loss
Italian oil producer Eni declared it will slash investments by 20 percent this year and accelerate lower-cost projects after impairments because of weak oil prices resulted in a substantial fourth-quarter loss.
read more... 29/02/2016
UAE to back plan to freeze oil production at January levels
The United Arab Emirates (UAE) will back the initiative of top producers to freeze output levels in case of a deal by OPEC members and Russia, helping to halt a slide in crude prices that has pushed them to their lowest point in more than a decade.
read more... 19/02/2016