Latest news
Kazakhstan to suspend its work at Kashagan oil field for three years
Kazakhstan plans to suspend its activities on the main stage of the Kashagan project for three years, following the Royal Dutch Shell and Exxon Mobil attempts to persuade the country’s oil ministry to simplify the project design, which would cut their expenditures by $18 billion to $50 billion.
read more... 06/04/2011
Matra Petroleum to begin oil production in the Sokolovskoe Field, Russia
Matra Petroleum, an independent oil and gas exploration and production company which is actively operating in Russia since 2006 and is constantly examining the potential for oil and gas over there, announced that it has begun the production for both existing wells in the Sokolovskoe field, Russia.
read more... 06/04/2011
Ukraine to increase its oil production by one million tons in Egypt
According to data published on Monday by the Ukrainian Ukrinform news, the Ukrainian Joint-Stock Company Naftogaz intends to increase its production about one million tons of oil in Egypt oil fields in 2012.
read more... 05/04/2011
Eni CEO meets rebels for energy talks
According to the declarations of Italian Foreign Minister Franco Frattini, Eni’s chief executive Paolo Scaroni has visited Benghazi to discuss energy cooperation with the rebel forces.
read more... 05/04/2011
Shell agrees to sell its downstream assets in Chile
The energy giant Royal Dutch Shell PLC announced on Friday that it has agreed to sell the majority of its downstream business to the Chile’s largest business conglomerate Quinenco, for a total amount of $614 million.
read more... 04/04/2011