Latest news
Statoil awarded with stakes in 12 new UK licenses
Norwegian energy firm Statoil declared on Thursday it had won stakes in 12 new licenses on the UK Continental Shelf.
read more... 07/11/2014
Egypt production decline and reduced oil price affect BG profits
BG Group registered a worse-than-anticipated 26 percent decrease in third-quarter operating profit since its production in Egypt halved and a sudden reduction in oil prices took its toll on Britain's third-largest energy firm.
read more... 29/10/2014
Statoil finds new oil bonanza in North Sea
Norwegian oil giant Statoil unveiled on Tuesday it discovered at least 30 million barrels of oil in the Grane area in the Norwegian waters of the North Sea, being a result of a recent re-evaluation of the area.
read more... 22/10/2014
Iran aims to open six new petrochemical plants by mid-March 2015
Iran intends to open six new petrochemical plants by mid-March 2015, as stated by Ali Mohammad Bosagh-Zadeh, the National Petrochemical Company executive for production control.
read more... 09/10/2014
Rosneft and Exxon strike oil discovery offshore Arctic oil
Russia’s first crude oil producer Rosneft and the major Exxon Mobil Corp. unveiled an oil discovery at the controversial offshore Arctic field amid Western sanctions against Moscow.
read more... 29/09/2014