Latest news
Four energy majors in a huge North Sea investment
The UK oil giant, BP, alongside its partners Chevron, ConocoPhillips and Shell have won the British government approval to invest US$15.7 billion (GBP10 billion) in the development of a huge oil field in the North Sea over the next five years.
read more... 17/10/2011
UK’s North Sea production declines below 1 million barrels per day
UK’s oil output from the North Sea registered a 16 % plunge from April to June, being the largest drop since 1995, the Department of Energy and Climate Change said yesterday.
read more... 30/09/2011
Total to resume Libyan oil production
The French energy giant Total announced that it has resumed partial oil production in Libya, after months of civilian conflicts.
read more... 28/09/2011
Huge oil field in North Sea to be sold for $1.75 billion
Apache Corp. announced on Wednesday that it will buy one of the largest oil and gas field in the UK from ExxonMobil for $1.75 billion.
read more... 22/09/2011
Syria: EU imposes embargo on oil export
EU government banned EU companies from new investments in Syrian oil industry on Wednesday, adding some entities and two individuals on the black list. The sanctions are also prohibiting Syrian oil exports to the United States and European Union.
read more... 22/09/2011