Latest news
New offshore oil explorations for LUKOL in Black Sea
New oil sectors are available in the Romanian sector of Black Sea, where a consortium won the auction for the exploration and development of two blocks of 2,000 square kilometers, Est Rapsodia and Trident.
read more... 09/07/2010
ABB to provide telecommunication systems for Statoil’s offshore operations
ABB won the contract to install and maintain telecommunication systems on Statoil offshore operation, a $23 million worth deal, for the next three years, with the option to extend the period one more year.
read more... 08/07/2010
BP is looking for investors in UAE
BP is seeking investors to secure its shares from a potential aggressive takeover by bargain hunters in UAE.
read more... 08/07/2010
Elliott Waves forecast oil price at $57 the next 6 months
According to technical analysts, the crude may drop below $57 per barrel in the next 6 months.
read more... 05/07/2010
Oil prices fell on unexpected inventory increase
Oil prices decreased the second day consecutively on Wednesday after unpredicted increase in US crude and gasoline inventories, reported by an industry report.
read more... 24/06/2010