Latest news
Tax hike on North Sea oil industry might hit investor confidence
Oil and gas industry leaders have met on Wednesday to energy Select Committee in London as to make a final attempt to convince the Government to modify its decision regarding a tax hike of £10bn on North Sea energy companies warning that it could have austere implications on energy industry. industry.
read more... 05/05/2011
BP to pay $25 million penalty following the Alaska oil spill
BP has to pay a $25 million penalty fee and spend other $60 million for improvement measures following the spill of more than 5,000 barrels of crude oil from the company's pipelines in Alaska in 2006, declared on Tuesday the US Department of Justice (DoJ) and the Environmental Protection Agency (EPA).
read more... 04/05/2011
Bulgaria asks for fuel guarantees as Russia halts oil exports
Bulgaria's Economy and Energy Minister, Traicho Traikov, has required guarantees from Russia for sufficient supplies of fuel for the country's market following the reports that the Russian Federation is halting oil export.
read more... 03/05/2011
Rosneft and Lukoil inked a long-term cooperation agreement
The two largest oil Russian companies, Rosneft and independent producer Lukoil have signed an agreement for long-term cooperation.
read more... 26/04/2011
BP launches a multibillion dollar lawsuit against Transocean and Cameron
The UK giant, BP filed a lawsuit against Transocean, asking for at least US$40 billion in damages and other costs from the owner of the Deepwater Horizon rig, moreover, the British company filed a lawsuit against Cameron International as well, saying a blowout preventer made by Cameron failed to avert the catastrophe.
read more... 26/04/2011