Latest news
BP faces difficulties to complete its share swap deadline with Rosneft
U.K. oil major BP remains confident that it will reach an agreement today with Russian group Rosneft to honor its $16 billion share swap, after the UK company asked to move the deadline to May 16, giving a month for arbitration.
read more... 16/05/2011
BP gets green light to explore Brazilian oil blocks
The British energy giant, BP finally received the permission from regulators to complete the purchase of ten Brazilian exploration and production blocks from US-based Devon Energy.
read more... 13/05/2011
Russia to increase its investments in Iraq energy sector
The Russian Foreign Minister Sergey Lavrov said to a news conference during his visit to Baghdad, that the Russian government is ready to consolidate its cooperation with Iraq, especially in increasing its investments in the oil and energy sector.
read more... 11/05/2011
Rosneft and BP become partners in a German Joint Venture
The British energy giant BP announced Rosneft as its new partner in its German refining joint venture, Ruhr Oel GmbH (ROG). Their partnership started in October last year, when the Russian company bought the stake of 50 per cent from PdVSA of Venezuela, BP’s former partner.
read more... 06/05/2011
Statoil registers stronger Q1 profit on high oil prices
Norwegian oil and gas major Statoil ASA reported on Wednesday that higher oil and gas prices have boosted its first quarter profits by 44 percent.
read more... 05/05/2011