Latest news
Eni restarts its oil and gas production in Libya
Italy’s ENI SpA firmed a contract with the Libyan rebel Government on Monday aimed at immediate restart of oil and gas production in the country on worries for a possible loose of its rival position on that market.
read more... 30/08/2011
Transneft oil transport tariffs to increase
The Russian state pipeline operator, Transneft, which is responsible for the transportation of about 93% of the oil produced in Russia, announced that it will increase its tariffs on oil shipments by 2.8% on September 1st and by 5% on November 1st.
read more... 29/08/2011
Shell declares “force majeure “on Nigeria’s oil exports
Royal Dutch Shell has reported 6 oil spills at its pipeline in Nigeria since the beginning of the month, blaming the act of sabotage, which caused a temporary production shortage.
read more... 26/08/2011
BP allocates $5 bn to Gulf oil spill claimants
The British energy giant, BP has set up a fund through which it has paid more than 5 billion US dollars in claims to victims of last year's devastating oil spill in the Gulf of Mexico.
read more... 25/08/2011
EU expands sanctions on Syria, including oil embargo
The European Union agreed to extend the scope of its sanctions in Syria, adding 20 new names to the list of Syrians targeted by asset freeze and travel ban.
read more... 24/08/2011