Latest news
Serious queries over BP pipeline
Recently, Azerbaijan and Turkey consented to use the spare capacities in the Turkish pipelines as to transport Azerbaijani gas verso Europe, and consequently to construct a new pipeline across Turkey as to transport exceeded volumes of the spare capacities in Turkey’s pipelines.
read more... 08/11/2011
Huge oil discovery made by Spanish Repsol
The largest Spanish oil company Repsol YPF SA, announced recently that its Argentine YPF SA unit has made the biggest company’s discovery of about 927 million barrels equivalent of shale oil after drilling a dry hole off at the disputed Falkland Islands earlier current year. The shale is located in the northern Patagonia, at the Loma La Lata.
read more... 08/11/2011
China to review offshore oil regulations
China is considering reviewing regulations on joint offshore oil exploration with foreign companies despite the fact that Beijing did not expressed any decision on oil spill at ConocoPhillips.
read more... 07/11/2011
Statoil Q3 net profit down by 25 %
The Norwegian oil company, Statoil announced a drop of its profit by 25 percent in the third quarter, mainly due to increased production costs and a higher tax rate.
read more... 31/10/2011
Royal Dutch Shell doubles its profit on higher oil prices
The British energy major, Shell reported that its net profits doubled to $7.03 billion in the third quarter from $3.5 billion a year earlier due to higher oil prices, soared oil demand and stronger refining margins.
read more... 28/10/2011