Latest news
Petroceltic suspends its activity in Italian offshore zones
Petroceltic, the oil and gas exploring company, suspended its drilling activities in Italy due to the uncertain situation of offshore drillings in this country.
read more... 21/07/2010
Lukoil close to obtaining a tax reduction for Caspian Sea developments
Lukoil applied for a tax reduction for its oil exploitations in Caspian Sea from Finance Ministry of Russia. The tax cut will save Lukoil approximately $460 million for 2011.
read more... 14/07/2010
Lufkin to build its first plant in Romania
Lufkin, an American oilfield and power transmission products supplier, announced its intention to build a production plant near Romanian oil center, Ploiesti.
read more... 14/07/2010
Oil export duty in Russia might increase in August
Russia’s export duty might rise in August based on the oil price gains on the world market in June.
read more... 13/07/2010
Statoil sells its subsidiary Tampnet to HitecVision
Hitec Vision acquired Statoil’s subsidiary Tampnet AS, specialized in the communication network between offshore installations.
read more... 12/07/2010