Latest news
China on the track to become Russia’s biggest oil buyer in 2018
China is on the way to become Russia’s largest oil buyer within five years, after the Russian oil giant Rosneft decided to more than double the shipments in exchange for loans.
read more... 09/04/2013
UK to boost its oil and gas sector
The UK has recently unveiled its plans to bolster the nation’s oil and gas sector as the net energy imports last year increased to their record levels since 1976 due to a sharp decrease in domestic production.
read more... 03/04/2013
Rosneft is tripling oil supplies to China
Russia's top oil producer OAO Rosneft signed an agreement with China to increase crude oil deliveries, reinforcing energy relations between Russia, the world's largest energy producer, and China, the biggest consumer. Russian state-owned oil major Rosneft intends to tripling supplies to China to 1 million barrels a day via the Eastern Siberia–Pacific Ocean oil pipeline.
read more... 25/03/2013
Total sells 25% stake in Tempa Rossa oil field
France-based multinational oil and gas company Total, has decided to sell a 25 % stake in the Tempa Rossa oil field, which is situated in the Basilicata region of southern Italy, to Mitsui E&P Italia. Total, which has discovered the Tempa Rossa oil field in 1989, and has operated the concession since 2002, will remain operator of Tempa Rossa with a 50% stake.
read more... 20/03/2013
Eni hits another oil discovery in Angola
Eni, the Italian oil and gas company unveiled its ninth oil discovery in Block 15/06, in deep water offshore Angola, boosting the resource base at West Hub project.
read more... 19/03/2013