Latest news
“Landmark” energy deal between UK and Norway
The British prime minister, David Cameron singed a new energy agreement with Norway on Thursday, one of the world’s largest exporters of fossil fuels.
read more... 07/06/2012
BP to resume oil exploration program in Libya
The oil major BP announced it will resume its oil operations in Libya, suspended since 21 February 2011 because of civil war against the regime of Muammar Gadafy. The move came as the company feels the security situation inside Libya now makes it safe enough to return.
read more... 04/06/2012
New oil discovery in Bohai Sea, China
China National Offshore Oil Corporation (CNOOC) Limited, the listed unit of the country's largest offshore oil producer, has recently revealed that the company has made a new oil discovery in the Bohai Sea, China.
read more... 01/06/2012
Denmark: oil production to slump 8% in 2012
Denmark’s oil production is expected to slump 8% in 2012, according to a forecast released by the Danish Energy Agency.
read more... 31/05/2012
Lukoil: 2012 first quarter net profit up 7.7% on higher oil prices
The Russian oil and gas giant Lukoil saw a hike in its 2012 first quarter net profit, pushed up by higher oil and gas prices.
read more... 28/05/2012