Latest news
Turkey state oil firm plans to invest 4 billion USD in 3 years
The general manager of Turkey’s national oil and natural gas exploration company, TPAO, announced that they’re going to invest 4 billion USD in the forthcoming 3 years and to drill 500 oil wells in the next 5 years.
read more... 22/09/2010
Daily Energy Market Overview 09.20.2010
Prompt South African coal cargo prices increased by 75 cents on Friday, despite a low demand this week in Europe and Asia. However these prices have been traded higher this week in order to maintain the actual level of the market, while new consumers will appear in the next quarter.
read more... 21/09/2010
Russian joint venture, TNK-BP signed a deal to supply crude oil blend to Vietnam
On Monday, TNK-BP announced it has signed a contract to supply Russian ESPO crude oil blend to Vietnam, as the company is still going to buy BP’s assets in the Asian state.
read more... 21/09/2010
41 oil companies submit applications for exploring oil in Norway
Oil and energy ministry of Norway stated on Thursday that 41 oil and gas companies have applied to explore for petroleum in older regions off the country.
read more... 20/09/2010
Total anticipates stable production in 2011
The major oil company in France, Total, stated on Wednesday that it anticipated stable oil and gas production in 2011, though the target remained of 2% average annual growth between 2010-2014.
read more... 16/09/2010