Latest news
BP receives a £46 million settlement from Weatherford
BP announced on Tuesday that it has reached agreement with Swiss-based Weatherford to settle potential claims between the companies related to the Deepwater Horizon accident.
read more... 23/06/2011
Spain’s Repsol to create a joint venture with Russia’s Alliance Oil Company
The Spanish energy company, Repsol signed a Memorandum of Understanding to enter in a joint venture with the Moscow-based Alliance Oil Company Ltd to jointly seek for growth opportunities in exploration and production in the Russian Federation.
read more... 20/06/2011
Rosneft is reviewing new partners for the Arctic deal
According to the Rosneft CEO, Eduard Khudainatov, Russia's top crude producer, Rosneft, decided to chose a new partner for the Arctic deal by the end of the year, following an earlier failure to secure the deal with the British giant, BP.
read more... 20/06/2011
Daily energy Overview, Friday, June17, 2011
U.S. crude oil futures traded down on Friday on persistent concerns about oil demand and a slowing global economic growth. By 12:42 GMT, U.S. crude for July delivery traded at $94.03 a barrel, down 92 cents.
read more... 17/06/2011
Oil demand up 1.2 million bpd a year to 2016
According to IEA forecasting, the global oil demand will rise by an average of 1.2million barrels per day (bpd) or by 1.3 percent yearly from 2010 to 2016, with a continuous growth coming entirely from non-OECD countries.
read more... 17/06/2011