Latest news
German BASF to invest $6bln in Iran’s petrochemical industry
The world’s largest chemical company, Germany’s BASF, is envisaging investing $6 billion in Iran’s petrochemical sector, according to director of planning at the National Petrochemical Company (NPC) Hamid Reza Rostam.
read more... 16/12/2015
Total, Goldman Sachs: Oil and gas prices likely to fall further in 2016
The oil prices are not likely to recover in 2016, according to declarations made by France’s Total and Goldman Sachs at a time when Brent crude plunged below $42/barrel following OPEC 168th meeting which did not yielded any production cuts.
read more... 09/12/2015
Fossil fuel companies risk wasting $2 trillion
Fossil fuel companies risk wasting approximately $2 trillion (£1.3tn) in the next decade by undervaluing advances in green technologies.
read more... 26/11/2015
Eni vends the remaining stake of 4% in Galp for $348 million
Eni has sold its remaining stake of 4 percent in Portugal's Galp Energia increasing 325 million euros ($348 million), as stated by the Italian oil and gas group on Friday.
read more... 20/11/2015
Record level of oil stockpiles at 3 billion barrels
Oil stockpiles have rocketed to a record level this year at around 3 billion barrels— the equivalent to more than a month’s supply of global oil consumption amid a robust production in OPEC and elsewhere, according to the International Energy Agency (IEA).
read more... 16/11/2015