Latest news
Eni to slash its oil refining capacity amid European overcapacity
Plans by Italian oil giant Eni to halve its oil refining capacity could wring out a quarter of Europe’s refining overcapacity.
read more... 11/08/2014
Eni Italian workers face a strike over plants closure
Thousands of workers (about 90%) of the Italian multinational oil and gas company Eni joined to a strike call on Tuesday in an effort to save the jobs put at risk by the threatened closure or converting of some oil refiners owned by the Italian giant.
read more... 30/07/2014
Obama paves the way for East Coast oil and gas exploration
The Obama administration gave the green light o Friday to the Eastern Seaboard to be reopened to offshore oil and gas exploration, a milestone decision in decades.
read more... 23/07/2014
Tullow Oil quits its Lupus exploration well in Norway
Tullow Oil PLC unveiled it had stopped up and quitted its Lupus exploration well in the Norwegian North Sea blaming its failure to find any hydrocarbons. The well is 35km south-east of the Oseberg Sor Field and 110km west of the island of Sotra in the North Sea.
read more... 21/07/2014
Tougher sanctions: Oil giant Rosneft receives a major blow from U.S.
The U.S. has unveiled a new row of sanctions on Russia concerning the troubles in the Ukraine, this time hitting the Russian oil giant Rosneft, its second major gas producer Novatek and its third largest bank Gazprombank. These are the most austere U.S. sanction yet imposed on Russia.
read more... 17/07/2014