The largest Spanish oil company Repsol YPF SA, announced recently that its Argentine YPF SA unit has made the biggest company’s discovery of about 927 million barrels equivalent of shale oil after drilling a dry hole off at the disputed Falkland Islands earlier current year. The shale is located in the northern Patagonia, at the Loma La Lata.
read more... 08/11/2011
China is considering reviewing regulations on joint offshore oil exploration with foreign companies despite the fact that Beijing did not expressed any decision on oil spill at ConocoPhillips.
read more... 07/11/2011
The Norwegian oil company, Statoil announced a drop of its profit by 25 percent in the third quarter, mainly due to increased production costs and a higher tax rate.
read more... 31/10/2011
The British energy major, Shell reported that its net profits doubled to $7.03 billion in the third quarter from $3.5 billion a year earlier due to higher oil prices, soared oil demand and stronger refining margins.
read more... 28/10/2011
According to the Libyan interim oil and finance minister, the war-hit Libya is gradually resuming its production, which has now reached 500,000 barrels due to Sharara field resuming operation, which belongs to the Spanish oil group Repsol.
read more... 26/10/2011