Latest news
Iran threats to halt oil supplies to more European countries
Iran has threatened to extend the oil embargo put on France and Britain to other European countries, if they continue to take actions directed against Tehran, Al Arabiya reported on Monday.
read more... 23/02/2012
Iran cuts off oil supplies to UK and France
Iran’s top oil buyers in Europe announced that they are making substantial cuts in oil supply just some months in advance of European Union sanctions. Reducing oil flows to the continent will start in March and will imply cutting off more than a third of supply or over 300, 000 barrels per day.
read more... 20/02/2012
Iran to cut off oil supplies to six European countries
Iran warned six European countries that it might hit first by immediately cutting them off from Iranian oil, in response to the recent sanctions imposed by the European Union against its energy and banks.
read more... 16/02/2012
Statoil doubled its net income in 2011
Statoil ASA, Norway’s largest oil and natural gas company is aiming to spend about $3 billion for the completion of approximately 40 wells during 2012, following its plans to raise production to 2.5 million barrels of oil equivalent a day in 2020, as it expands abroad and seeks to maintain production at home.
read more... 09/02/2012
BP four-quarter profit increased in 2011
The British super major BP recorded an improved quarterly profit this week, being the first time in a year when he has beaten the profits of its rival, Royal Dutch Shell.
read more... 07/02/2012