Latest news
Lukoil - the winner of three Siberian oil fields auction
Lukoil, the country's second-biggest oil producer by output, won at an auction for three Siberian oilfields.
read more... 26/12/2012
Norwegian oil giant Statoil to invest $7bn in North Sea project
Norway’s Statoil will develop a $7bn (£4.3bn) North Sea oil field, the largest offshore development in the UK in more than 10 years.
read more... 25/12/2012
Saras and Rosneft to form a joint venture for trading and processing crude oil
Saras SpA, one of Italy's biggest oil refiners by capacity, and Russia's largest crude producer Rosneft will form a joint venture for the trading and processing of crude oil and the selling of petroleum products.
read more... 19/12/2012
Italian Eni to invest $8 billion to strengthen Libyan energy production
The Italian oil giant Eni is planning to invest $8 billion in Libya over the next decade in developing its upstream business as it aims to strengthen its position on the international oil and gas market.
read more... 17/12/2012
EIA: U.S. oil production to hike at a record level in 2012
U.S. crude oil production is hiking at the fastest pace in history, according to data released by the U.S. Energy Information Administration (EIA), marking the largest rise in annual output since the beginning of U.S. commercial crude oil production in 1859.
read more... 12/12/2012