Latest news
BP decreased daily oil and gas production in Azerbaijan
The oil giant, BP has cut its oil and gas production in Azerbaijan in the first semester of 2011, following a weaker demand over the summer time and an infrastructure improving program.
read more... 23/08/2011
OSPRAG summit highlights the oil spill prevention in UK
Oil & Gas UK, a representative organization for the country's offshore oil and gas industry will organize a summit in Aberdeen on September 21st, called UK Oil Spill Prevention and Response Group (OSPRAG), which will provide a comprehensive overview of the joint approach taken by the industry and its regulators to further improve the UK’s prevention of and response to a major well control incident.
read more... 23/08/2011
Statoil discloses the size of North Sea oil discovery
Acording to the Statoil estimations, the Aldous and Avaldsnes oil discoveries in the North Sea, could be the country’s largest oil discoveries since the 1980s, which may hold 500 million to 1.2 billion barrels of recoverable oil.
read more... 19/08/2011
UK government reports substantial oil spill in North Sea
According to the Royal Dutch Shell estimations on Monday, several hundred tons of oil may have spilled into the North Sea from a Royal Dutch Shell rig off Scotland's eastern coast.
read more... 16/08/2011
The EU Council sanctions another two Libyan oil entities
The European Union on Thursday has included two Libyan companies in a sanction blacklist, accusing them of “acting on behalf of or at the direction of the [Gaddafi] regime”
read more... 12/08/2011