Latest news
Spain’s Repsol stroke a compensation deal with Argentina’s YPF
Spanish oil major Repsol and Argentina’s main energy company YPF inked a preliminary deal on Monday, under which Repsol will receive a 51 percent stake in the South American’s nation’s energy company.
read more... 26/11/2013
North Sea could boost its oil output but it needs a reform
Sir Ian Wood, former chairman of oil services firm Wood Group, said that the UK economy could see 200 billion pounds coming from the North Sea oil and gas industry.
read more... 12/11/2013
Norwegian oil giant Statoil saw its profits slip in the third quarter of 2013
Norwegian oil giant Statoil announced a decrease of about 6% in its net income in the third quarter of this year. The company's net profit was 13.7 billion Norwegian kroner ($2.4 billion), compared to the same period of a year before, when it registered with NOK 14.5 billion.
read more... 30/10/2013
China is officially the world’s biggest oil importer
According to US government data, China has become the largest importer of oil in the world, determined by strong economic growth and great auto sales.
read more... 15/10/2013
Spanish REPSOL interested in oil-firm acquisition in North America
Spanish oil giant Repsol is interested to acquire a North American oil company as it is looking to boost its investments in politically stable countries, taking advantage of the U.S. oil boom.
read more... 18/09/2013