Latest news
OPEC forecasts oil as high as 80 $/bbl by 2020
OPEC forecasters are assuming that oil prices will increase gradually to reach $80 a barrel by 2020, as supply growth from group non-members weakens. This is on average a $ 5 increase per year.
read more... 18/09/2015
Russia to ramp up oil output in 2015
Russia, the biggest oil producer in the world, is expected to ramp up its oil production by 1 percent this year, declared Energy Minister Alexander Novak on Wednesday.
read more... 09/09/2015
UK: Investment in North Sea oil industry hit by oil price collapse
Investment in U.K. North Sea oil and gas projects is expected to drop considerably by up to 4bn per year through to the end of 2018, as the collapse in oil prices forces the industry to cut back.
read more... 09/09/2015
Total might begin Bulgaria offshore drill in early 2016
French oil company Total declared on Monday it was on the way to begin drilling for oil and gas at an exploration location off Bulgaria's Black Sea coast early next year.
read more... 19/08/2015
Polish PGNiG to launch oil and gas exploration in Germany
Polish state-controlled oil and natural gas company Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) is expected to commence oil and gas explorations in eastern Germany, as part of a bigger plan to boost production assets outside Poland.
read more... 07/08/2015