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Norway’s oil and gas output targets for 2012 in doubt
According to the Norwegian Petroleum Directorate (NDP), Europe’s biggest oil producer is expected to miss its oil and gas output target due to interruptions and technical problems. Norwegian oil and gas production fell deeply in September, as various fields were put on care and maintenance, and will likely produce less oil than the expected 1.6 million barrels per day in 2012.
read more... 18/10/2012
Italy to double its domestic production of oil and gas by 2020
Italy is likely to increase its domestic production of oil and gas by 2020 and to improve the production of renewable energy power, as it intends to reduce energy costs and to increase his economic growth.
read more... 17/10/2012
Bulgaria gives green light to oil, gas exploration in Black Sea
The Bulgarian government gave the green light yesterday to a public tender for a permit for deepwater oil and gas prospecting and exploration at Block 1-22 Teres in Black Sea.
read more... 11/10/2012
Iraq could overtake Russia as the world second largest oil exporter by 2030
Iraq has the potential to become the world’s second-largest oil exporter by 2030 and double its output by 2020, according to a study released by the International Energy Agency, overtaking even Russia in terms of exports.
read more... 10/10/2012
British oil and gas production is set to increase
UK energy minister Charles Hendry said that it is expected that UK’s decline in oil and gas production to be less marked this year. British oil and gas production may increase after the worst annual decline in output since the 1960.
read more... 05/09/2012