Latest news
British government pledges cutting tax burdens on oil, gas
The British government pledged trimming tax rates in the UK North Sea oil and gas sector to help reduce escalating costs.
read more... 05/12/2014
Spain’s Cepsa-managed conglomerate suggests takeover of Salamander Energy
A consortium run by Spain's Compania Espanola de Petroleos (CEPSA) has suggested a takeover of London-listed oil explorer Salamander Energy.
read more... 17/11/2014
BP to invest $240 million in two Egyptian exploration blocks
The oil giant BP Egypt, alongside its partners, is envisaging investing $240 million in two new exploration blocks, Block 3 and Block 8, in Egypt.
read more... 12/11/2014
Statoil awarded with stakes in 12 new UK licenses
Norwegian energy firm Statoil declared on Thursday it had won stakes in 12 new licenses on the UK Continental Shelf.
read more... 07/11/2014
Egypt production decline and reduced oil price affect BG profits
BG Group registered a worse-than-anticipated 26 percent decrease in third-quarter operating profit since its production in Egypt halved and a sudden reduction in oil prices took its toll on Britain's third-largest energy firm.
read more... 29/10/2014