Latest news
Total vends Nigerian oilfield stakes estimated at above $1 billion
French oil producer Total has decided to vend a stake in an onshore oilfield in Nigeria for $569 million, bringing the profits from prior divestments in the country to over $1 billion.
read more... 31/03/2015
Russia may possibly authorize more companies to offshore oil
Russia could permit more oil firms to access its offshore projects, as stated by Energy Minister Alexander Novak on Friday.
read more... 30/03/2015
Energy companies BG and Woodside will invest $1.1 billion in four Myanmar blocks
Britain's BG Group and Australia's Woodside Petroleum Ltd will make an investment of about $1.08 billion to explore for oil and gas in four blocks off the coast of Myanmar's western Rakhine state, as declared by a senior Energy Ministry official on Sunday.
read more... 23/03/2015
BP inks $12 billion energy agreement in Egypt
Oil firm BP has inked a deal to make an investment $12 billion in Egypt that will produce 3 billion barrels of oil equivalent, as stated jointly by the company and the government on Saturday.
read more... 16/03/2015
Two exploration wells in east Ukraine have been abandoned by Shell
Royal Dutch Shell has dropped two natural gas exploration wells in eastern Ukraine after they were considered inefficient, as stated by the oil major on Thursday.
read more... 13/03/2015