Latest news
Oil major Total starts Edradour gas fields expansion
French oil major Total decided to expand the Edradour gas field, in the West of Shetland region, after negotiating less elevated prices with contractors, as well as purchasing a 60 percent stake in the adjacent Glenlivet field, according to the company on Thursday.
read more... 04/07/2014
Greece pledges tax reduction to attract oil and gas majors
Greece intends to reduce tax rates for oil and gas firms since it desires to attract them to aid develop its unexploited offshore hydrocarbon resources, as stated by its energy minister on Tuesday.
read more... 02/07/2014
Spain’s Repsol unveils a significant hydrocarbon discovery in West Siberia
Spanish oil major Repsol unveiled it made two new hydrocarbon discoveries in relatively unexplored side of West Siberia. If combined, the two discoveries represent Russia’s largest hydrocarbon find for two years.
read more... 24/06/2014
Statoil remains at 2016 cost savings plan
Statoil remains loyal to its 2016 plans to reduce costs, without having public cost-saving goal for 2020, following Bloomberg’s report mentioning that Norwegian oil firm intends to cut costs in order to generate an extra $5 billion a year by 2020.
read more... 06/06/2014
Daily: British gas prices decreased due to higher supplies from Norway
Brent futures slightly increased on Thursday, holding near $110 a barrel amid expectations of higher demand from top oil consumer the United States since a sharp decline in the country's gasoline stocks added to latest data leading to a stronger economy.
read more... 29/05/2014