Latest news
Bulgaria to withdraw from Russian, Greek oil pipeline deal
Bulgaria's Energy and Economy Minister Traicho Traikov said on Wednesday his country decided to withdraw from a pipeline deal to carry Russian oil through his country to Greece, bypassing Turkey's Bosporus Straits, because it cannot be achieved under the financial conditions agreed on in 2007.
read more... 08/12/2011
Saudi Arabia: oil output at 30-year high
Top oil exporter Saudi Arabia pumped oil at the highest level for three decades in November, just a week before a key OPEC meeting, aimed to meet customer demand with increased production if necessary.
read more... 08/12/2011
Shell ceases activities in Syria amid tighter sanctions
Shell announced on Friday its decision to cease its activities in Syria’s oil fields, a day after the European Union imposed new sanctions on the regime of Bashar al-Assad.
read more... 05/12/2011
Norway oil, gas investments rising to a record in 2012
Total investments in oil and gas sector in Norway could hit a record of NOK184.6 billion ($32.0 billion) in 2012 from NOK152.6 billion in 2011, driven by continuous high oil prices and the need to upgrade ageing infrastructure, according to Statistics Norway.
read more... 02/12/2011
UK government: secret promotion of Canada’s oil sands
According to a British media report, the UK government secretly supported Canada’s campaign against European penalties on its oilsands fuel. Meanwhile, UK government was being lobbied by the British oil majors Shell and BP, which hold significant oil sands in Alberta, Canada.
read more... 28/11/2011