Latest news
Bulgaria launches tenders for offshore gas and oil exploration
Bulgaria, ready to diminish its almost total reliance on Russian gas, has opened two tenders for deepwater gas and oil exploration off its Black Sea coastline, as stated by the energy ministry on Monday.
read more... 21/04/2015
Oil discovery near Gatwick airport raises UK’s oil production hopes
A small British oil producer declared it had found a potential world class oil resource in the countryside to the south of London that might hold billions of barrels of oil.
read more... 10/04/2015
Total vends Nigerian oilfield stakes estimated at above $1 billion
French oil producer Total has decided to vend a stake in an onshore oilfield in Nigeria for $569 million, bringing the profits from prior divestments in the country to over $1 billion.
read more... 31/03/2015
Russia may possibly authorize more companies to offshore oil
Russia could permit more oil firms to access its offshore projects, as stated by Energy Minister Alexander Novak on Friday.
read more... 30/03/2015
Energy companies BG and Woodside will invest $1.1 billion in four Myanmar blocks
Britain's BG Group and Australia's Woodside Petroleum Ltd will make an investment of about $1.08 billion to explore for oil and gas in four blocks off the coast of Myanmar's western Rakhine state, as declared by a senior Energy Ministry official on Sunday.
read more... 23/03/2015