Latest news
Total to resume Libyan oil production
The French energy giant Total announced that it has resumed partial oil production in Libya, after months of civilian conflicts.
read more... 28/09/2011
Huge oil field in North Sea to be sold for $1.75 billion
Apache Corp. announced on Wednesday that it will buy one of the largest oil and gas field in the UK from ExxonMobil for $1.75 billion.
read more... 22/09/2011
Syria: EU imposes embargo on oil export
EU government banned EU companies from new investments in Syrian oil industry on Wednesday, adding some entities and two individuals on the black list. The sanctions are also prohibiting Syrian oil exports to the United States and European Union.
read more... 22/09/2011
Worst oil spill on the Sweden’s coast since 1987
The Sweden’s southwest coast was recently hit by the worst oil spill in area since 1987, as a result of two ships collision off the Danish west coast on September, 10.
read more... 20/09/2011
EIA Report: major oil hike by 2035
According to the US Energy Information Administration released report on Monday, oil production will increase by around 27 million barrels a day and demand will climb to 1.122 million barrels/day by 2035, 1.4% higher than previously expected.
read more... 20/09/2011