Latest news
UK government reports substantial oil spill in North Sea
According to the Royal Dutch Shell estimations on Monday, several hundred tons of oil may have spilled into the North Sea from a Royal Dutch Shell rig off Scotland's eastern coast.
read more... 16/08/2011
The EU Council sanctions another two Libyan oil entities
The European Union on Thursday has included two Libyan companies in a sanction blacklist, accusing them of “acting on behalf of or at the direction of the [Gaddafi] regime”
read more... 12/08/2011
Gulf Keystone makes the second significant oil discovery in Iraq
Gulf Keystone Petroleum Ltd., an AIM listed independent oil and gas exploration company announced a significant discovery at the Shaikan-1 exploration well, in the Kurdistan region of Iraq.
read more... 12/08/2011
Total to sell its 48.83% stake in Spain
The French giant Total has announced the sale of 48.83 percent in Compania Espanola de Petroleos SA, or CEPSA, to International Petroleum Investment Company ( IPIC).
read more... 05/08/2011
Lukoil forced to admit price fixing
The Russian Federal Anti-Monopoly Service (FAS) declared that it is starting the third wave of anti-monopoly measures against Russia's top oil companies, including country’s largest private oil company Lukoil.
read more... 03/08/2011