Latest news
E.ON sells Norwegian E&P activity for $1.6 billion to DEA Deutsche Erdoel AG
E.ON has inked an accord to sell 100 percent of its shares in E.ON E&P Norge AS (E.ON E&P Norge) to DEA Deutsche Erdoel AG (DEA). The deal is valued at $1.6 billion, counting $0.1 billion of cash on the balance sheet. It is expected to close by the end of 2015, since it is subject to normal regulatory approvals.
read more... 15/10/2015
Russia approves energy sector tax increases in 2016
Russia's government has approved plans to raise its mineral extraction tax (MET) on energy giant Gazprom and keep unchanged an oil export duty calculation mechanism next year, as declared by First Deputy Prime Minister Igor Shuvalov on Thursday.
read more... 09/10/2015
Eni gets the go-ahead to prolong use of service rig on Arctic field
Italian oil giant Eni got the green light from Norway's Petroleum Safety Authority (PSA) to extend the use of the Floatel Superior, an accommodation and construction support vessel, on the Goliat field, in the Barents Sea.
read more... 08/10/2015
Shell will search for oil and gas in block offshore Bulgaria
Bulgaria has chosen Royal Dutch Shell to perform deepwater oil and gas exploration off its Black Sea coast and intends to ink an agreement by the end of October, expecting that the project will aid reduce its dependence on imports from Russia.
read more... 30/09/2015
Russian PM rejects oil tax increase, since gas fee rise is envisaged
Russian Prime Minister Dmitry Medvedev has rejected demands to increase the mineral extraction tax (MET) for oil producers, as stated by a government spokeswoman on Monday, while a source told Reuters a gas output tax raise was being envisaged instead.
read more... 29/09/2015