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Shell to put another costly project to the sword as oil price crashes
The oil major Royal Dutch Shell said it would axe another costly oil project, just weeks after it suddenly abandoned a $7 billion drilling venture in the Arctic.
read more... 03/11/2015
Eni, Exxon, Rosneft, Sasol obtain exploration rights in Mozambique
Russia's Rosneft and associate ExxonMobil are among the four firms to obtain potentially lucrative exploration rights for fossil fuels off Mozambique's Indian Ocean coast on Thursday, as stated by the company.
read more... 30/10/2015
The World’s 10 Biggest Oil and Gas Companies
The top 10 oil and gas companies produce over 54 million barrels per day.
read more... 21/10/2015
Iran to ramp up oil production by 500,000 barrels per day one week after sanctions
Iran vows to ramp up its crude oil production within one week once international sanctions are removed and decided to recover its lost market share, said Bijan Namdar Zanganeh, Iran’s energy minister.
read more... 20/10/2015
E.ON sells Norwegian E&P activity for $1.6 billion to DEA Deutsche Erdoel AG
E.ON has inked an accord to sell 100 percent of its shares in E.ON E&P Norge AS (E.ON E&P Norge) to DEA Deutsche Erdoel AG (DEA). The deal is valued at $1.6 billion, counting $0.1 billion of cash on the balance sheet. It is expected to close by the end of 2015, since it is subject to normal regulatory approvals.
read more... 15/10/2015