Latest news
BP will restart drilling in the Gulf of Mexico
BP asked U.S. regulators to give the company permission to resume drilling in the Gulf of Mexico, as early as July, less than 15 months after an accident that killed 11 workers and led to the release of more than 4.9 million barrels of oil from BP's well into the Gulf of Mexico.
read more... 04/04/2011
Cnooc and Total sign Agreements to buy stakes in Tullow’s Ugandan assets
Anglo-Irish energy firm Tullow Oil declared on Wednesday that it has agreed to sell part of its Uganda assets to France's Total and China's CNOOC for an amount of USD 2.9 billion.
read more... 01/04/2011
Libyan authorities to fight against rebel oil deals
The Libyan government announced on Wednesday that they will take to court any international company which will perform energy agreements with rebels. At this moment, rebels manipulate some oil infrastructure from the eastern Libya.
read more... 01/04/2011
Tax hike pushes oil firms to halt its North Sea investment projects
Two more giant energy companies, Scottish Gas, owned by Centrica and Valiant Petroleum have postponed their investment projects in the North Sea following a recent tax hike on oil production in the U.K.
read more... 31/03/2011
The construction of Russian-Chinese pipeline postponed due to a financial disagreement
According to the daily Kommersant reports, the building of Russian oil pipeline conceived to carry Arctic oil to China may be halted following the internal dispute between the companies involved.
read more... 30/03/2011