Latest news
Shell ceases activities in Syria amid tighter sanctions
Shell announced on Friday its decision to cease its activities in Syria’s oil fields, a day after the European Union imposed new sanctions on the regime of Bashar al-Assad.
read more... 05/12/2011
Norway oil, gas investments rising to a record in 2012
Total investments in oil and gas sector in Norway could hit a record of NOK184.6 billion ($32.0 billion) in 2012 from NOK152.6 billion in 2011, driven by continuous high oil prices and the need to upgrade ageing infrastructure, according to Statistics Norway.
read more... 02/12/2011
UK government: secret promotion of Canada’s oil sands
According to a British media report, the UK government secretly supported Canada’s campaign against European penalties on its oilsands fuel. Meanwhile, UK government was being lobbied by the British oil majors Shell and BP, which hold significant oil sands in Alberta, Canada.
read more... 28/11/2011
The second largest oil shale power plant in the world to be built soon
Jordan and China signed an MOU towards building the world’s 2nd largest oil shale power plant at a cost of $1.25bn.
read more... 25/11/2011
Lukoil: Q3 net profit hit by 20 percent
The Russian oil giant Lukoil reported on Friday a 20 percent decline in its Q3 profit due to bigger taxes and the depreciation of its national currency.
read more... 25/11/2011