Latest news
China exceeds US as world’s largest energy consumer in 2010
China became the world's top energy consumer in 2010, surpassing the USA during a year, according to the report “Statistical Review of World Energy” released by BP.
read more... 09/06/2011
OPEC holds production quotas unchanged
OPEC surprisingly decided at yesterday’s meeting to keep production levels unchanged, causing a rally of oil prices, with a meeting ending in disarray, as senior officials declared.
read more... 09/06/2011
Four dead in an explosion at a British refinery
A storage tank belonging to Chevron blasted at a British oil refinery in western Wales, killing four workers and seriously injuring another, this being the U.K.’s worst refinery disaster since 1974.
read more... 06/06/2011
OPEC to decide on oil production quotas on June, 8
The Organization of the Petroleum Exporting Countries (OPEC) oil cartel will meet on June, 8 at Vienna to decide on production quotas amid a volatile market and the civilian unrest in the Middle East that hit Libyan oil production.
read more... 06/06/2011
Total buys a 25% stake in Qatar offshore block
The French energy giant Total announced that it has signed an agreement with CNOOC Middle East (Qatar) to acquire a 25% stake in Qatar's Block BC offshore exploration license. CNOOC Middle East will hold an interest of 75% and will remain the operator of the block.
read more... 30/05/2011