Latest news
Statoil finds new oil bonanza in North Sea
Norwegian oil giant Statoil unveiled on Tuesday it discovered at least 30 million barrels of oil in the Grane area in the Norwegian waters of the North Sea, being a result of a recent re-evaluation of the area.
read more... 22/10/2014
Iran aims to open six new petrochemical plants by mid-March 2015
Iran intends to open six new petrochemical plants by mid-March 2015, as stated by Ali Mohammad Bosagh-Zadeh, the National Petrochemical Company executive for production control.
read more... 09/10/2014
Rosneft and Exxon strike oil discovery offshore Arctic oil
Russia’s first crude oil producer Rosneft and the major Exxon Mobil Corp. unveiled an oil discovery at the controversial offshore Arctic field amid Western sanctions against Moscow.
read more... 29/09/2014
Statoil stops Aasgard A output because of bad weather
Norwegian oil and gas corporation Statoil halts production at its Aasgard A field in the Norwegian Sea because of bad weather and anticipates production to recommence on Sunday, as stated by spokesperson Morten Eek on Thursday.
read more... 26/09/2014
Asian companies to substitute Western energy majors if they quit
Asian firms will substitute Western majors if they leave energy projects in Russia because of sanctions over Moscow's role in Ukraine, as stated by Natural Resources Minister Sergei Donskoi.
read more... 23/09/2014