Latest news
Hyundai Heavy wins a major-FPSO deal from BP
Hyundai Heavy Industries, the world’s largest shipbuilding company has landed a huge FPSO (floating production storage and offloading) new building order from European oil major, BP. It is the first FPSO order in the world market which is worth around $1.2 billion.
read more... 01/03/2011
Lukoil Overseas and Vanco International to explore two offshore blocks in Romania
A consortium, formed by Lukoil Overseas and U.S. Vanco International signed concession agreements with the National Agency for Mineral Resources of Romania. The agreements provide the joint exploration and development of two blocks, Est Rapsodia and Trident, in the Romanian sector of the Black Sea.
read more... 28/02/2011
The activity of Iraq’s largest oil refinery ceased by gun and bomb attack
Some attackers have infiltrated Iraq's largest oil refinery, Baiji, on Saturday morning at 3:30 A.M. and set off several bombs.
read more... 28/02/2011
Italy’s ENI has cut half of its oil production in Libya
ENI, the Italian major foreign energy company in Libya announced on Tuesday that it was forced to suspend its oil and gas production in Libya by about 50 percent following the persistent turmoil there.
read more... 25/02/2011
BP is looking for buyers as it wants to sell two of its famous lubricant brands.
The oil giant, BP has announced that it is planning to sell Duckhams and Veedol, the engine lubricant brands, both with a long tradition in the U.K.
read more... 24/02/2011