Latest news
Cyprus in negotiations with Noble on exploitation of gas discovery
Cyprus and U.S. energy firm Noble are talking about the possible exploitation of a gas field found in 2011, as stated by the island's energy minister on Wednesday.
read more... 29/01/2015
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
Exxon and Petrom will have to invest $4-5 billion if gas discovery in the Black Sea is confirmed
Romania's major oil and gas conglomerate Petrom and U.S. top oil company ExxonMobil will have to invest $4-5 billion in the extraction of gas from a Black Sea field, in case additional data confirms their discovery, according to the statement made by President Traian Basescu on Wednesday.
read more... 04/09/2014
Shell makes the second gas discovery offshore Malaysia
European oil giant Royal Dutch Shell unveiled another deep-water gas discovery off the coast of Malaysia. The well Marjoram-1 is located in Block SK318, 180 kilometers off the Malaysia coast and is at a water depth of 800 meters.
read more... 28/08/2014
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