Latest news
Italy to see a sharp rise in its energy bills
According to the head of the oil industry body statements, the Italian energy bills are likely to increase by 16.7 percent in 2011, following soaring oil prices on volatile markets.
read more... 16/06/2011
Statoil to explore deepwater prospect in Gulf of Mexico
The Norwegian oil firm said on Wednesday that it is buying a stake in a deepwater prospect, called Kakuna in the Gulf of Mexico, operated by Nexen, a global energy leader based in Canada.
read more... 10/06/2011
China exceeds US as world’s largest energy consumer in 2010
China became the world's top energy consumer in 2010, surpassing the USA during a year, according to the report “Statistical Review of World Energy” released by BP.
read more... 09/06/2011
OPEC holds production quotas unchanged
OPEC surprisingly decided at yesterday’s meeting to keep production levels unchanged, causing a rally of oil prices, with a meeting ending in disarray, as senior officials declared.
read more... 09/06/2011
Four dead in an explosion at a British refinery
A storage tank belonging to Chevron blasted at a British oil refinery in western Wales, killing four workers and seriously injuring another, this being the U.K.’s worst refinery disaster since 1974.
read more... 06/06/2011