Latest news
Repsol to purchase Talisman Energy for large premium
Spain's Repsol has decided to purchase Talisman Energy, Canada's fifth-biggest independent oil producer, for $8.3 billion since the decline in oil prices urges firms to take the plunge on huge M&A transactions.
read more... 17/12/2014
BP: investment of $12 billion in Egypt over 5 years, expand gas supplies
British oil giant BP intends to make an investment over $12 billion in Egypt over the next five years, and to double its gas supplies to the domestic market in the next decade, as stated by the country director of BP Egypt on Tuesday.
read more... 10/12/2014
British government pledges cutting tax burdens on oil, gas
The British government pledged trimming tax rates in the UK North Sea oil and gas sector to help reduce escalating costs.
read more... 05/12/2014
Spain’s Cepsa-managed conglomerate suggests takeover of Salamander Energy
A consortium run by Spain's Compania Espanola de Petroleos (CEPSA) has suggested a takeover of London-listed oil explorer Salamander Energy.
read more... 17/11/2014
BP to invest $240 million in two Egyptian exploration blocks
The oil giant BP Egypt, alongside its partners, is envisaging investing $240 million in two new exploration blocks, Block 3 and Block 8, in Egypt.
read more... 12/11/2014