Latest news
Gazprom adjusts the program for hydrocarbon resources development
Under the updated Program for hydrocarbon resources development on the Russian Federation shelf until 2030 adopted by Gazprom Board of Directors, the giant will produce 200 billion cubic meters of gas and 10 million metric tons of oil.
read more... 21/04/2011
EU to hit oil drilling companies for coastal pollution
EU energy commissioner Guenther Oettinger plans to adopt a more stringent attitude on oil companies with a series of measures to prevent leaks in EU water as it happened in the Gulf of Mexico last year.
read more... 20/04/2011
Chevron’s chairman criticizes oil tax hike at North Sea
The head of Chevron, has criticized the recent tax hike on gas and oil production in North Sea saying that the decision could have “unintended consequences”.
read more... 19/04/2011
BP shareholders want to sell twice more assets than the company’s current plan
BP is facing a pressure from its biggest investors to sell off more than the double of the assets BP is currently selling as a program of radical reorganization. The investors are claiming that BP's chief executive, Bob Dudley, has the opportunity to change the company into a more dynamic one, following the devastating oil spill in the Gulf of Mexico.
read more... 18/04/2011
OPEC forecasts Japan revival to be negative
According to OPEC forecasts on Saturday, Japan will face a negative growth this year in the wake of the devastation caused by the earthquake and tsunami from March 11, but IMF (International Monetary Fund) economists remain confident that Japan could be recover from the disaster, all depending on the restoration of power supplies.
read more... 18/04/2011