Latest news
Canada imposes fresh sanctions on oil giant Rosneft, Rostec CEO
Canada has imposed new sanctions against Russian oil conglomerate Rosneft and Rostec CEO, Sergei Chemezov, blaming Russia for military backing of the separatists in eastern Ukraine.
read more... 18/02/2015
Egypt working on oil and gas exploration agreements estimated at $9.2 billion
Egypt works on three major oil and gas agreements estimated at $9.2 billion, after attracting investment of approximately $2.9 billion for oil and gas exploration in only a year, as stated by a representative of the energy ministry.
read more... 06/02/2015
Italian oil giant launches output in Gulf of Mexico
An Italian oil and gas giant has launched production in the Gulf of Mexico, as it stated.
read more... 22/01/2015
Gazprom Neft to continue expanding its portfolio in Russian Arctic
Gazprom Neft, a branch of Gazpromneft Sakhalin, has been granted subsoil-use rights to two licence blocks in the Russian Arctic.
read more... 20/01/2015
BP to ax 300 North Sea jobs amid oil price collapse
The British oil conglomerate BP has warned it is to cut 200 jobs and 100 contractor roles in the North Sea following a review of its operations.
read more... 16/01/2015