Latest news
China’s crude oil imports rally to a record high in April
China, the world's second-largest crude oil buyer, registered a record high in its crude oil imports in April at 7.37 million barrels per day (bpd), as demand remains robust amid declining prices, encouraging stockpiling, according to data from the General Administration of Customs. In April, China imported a higher-than-expected 30.29 million tonnes of crude oil, while on a daily basis, April imports were up 13 percent compared with March.
read more... 08/05/2015
Statoil should go ahead with Snorre field expansion
Norway's Statoil should continue with the postponed improvement of the Snorre oil and gas field in the North Sea since it is a time-critical investment, as stated by energy minister Tord Lien on Monday.
read more... 28/04/2015
Ithaca decided to vend Norwegian operations to Hungary’s MOL
North Sea oil and gas firm Ithaca Energy has decided to vend its Norwegian business to Hungary's MOL for $60 million, as stated by the companies on Friday, marking the Hungarian firm's entrance into Norway's oil market.
read more... 24/04/2015
Bulgaria launches tenders for offshore gas and oil exploration
Bulgaria, ready to diminish its almost total reliance on Russian gas, has opened two tenders for deepwater gas and oil exploration off its Black Sea coastline, as stated by the energy ministry on Monday.
read more... 21/04/2015
Oil discovery near Gatwick airport raises UK’s oil production hopes
A small British oil producer declared it had found a potential world class oil resource in the countryside to the south of London that might hold billions of barrels of oil.
read more... 10/04/2015