Latest news
Eni, Exxon, Statoil obtain Irish offshore oil and gas authorizations
The Irish government declared on Thursday it had granted oil and gas licenses to firms including oil majors Eni, Exxon and Statoil, permitting them to explore for hydrocarbons off the coast of Ireland.
read more... 12/02/2016
Montenegro grants oil concessions to Eni and Novatek for 30 years
The Montenegrin government offered concessions for oil and gas exploration for a period of 30 years in the Adriatic sea to a conglomerate of Italy's Eni and Russian No. 2 gas company Novatek, an economy ministry representative declared on Thursday.
read more... 05/02/2016
Oil futures rise, reversing earlier declines but oversupply weighs
Oil futures increased in late Asian trade on Wednesday after spending most of the session in negative area since U.S. crude stocks last week rose to over half-a-billion barrels and as Iran intends to boost exports from March.
read more... 03/02/2016
Scotland offers £12.5m for oil and gas innovation
The Scottish Government has made known about an extra £12.5 million backing package for the oil and gas industry in the North East.
read more... 02/02/2016
Oil futures rose on supply cut discussions
Global benchmark Brent crude futures increased on Friday, heading about 8 percent higher so far this week and set for a second weekly gain, stimulated by hopes of an agreement among oil-producing countries to tackle a growing oversupply.
read more... 29/01/2016