Latest news
OPEC to decide on oil production quotas on June, 8
The Organization of the Petroleum Exporting Countries (OPEC) oil cartel will meet on June, 8 at Vienna to decide on production quotas amid a volatile market and the civilian unrest in the Middle East that hit Libyan oil production.
read more... 06/06/2011
Total buys a 25% stake in Qatar offshore block
The French energy giant Total announced that it has signed an agreement with CNOOC Middle East (Qatar) to acquire a 25% stake in Qatar's Block BC offshore exploration license. CNOOC Middle East will hold an interest of 75% and will remain the operator of the block.
read more... 30/05/2011
German regulator criticizes petrol station oligopoly
The German regulator criticizes the way in which the five largest oil companies BP, ExxonMobil, Shell, ConocoPhillips and Total set the prices of motor fuel and is accusing them of price manipulation.
read more... 30/05/2011
The impact of the North Sea tax hike
According to a survey performed by Oil & Gas UK and released on May, 10th, the recent tax hike imposed by George Osborne, the UK Chancellor may jeopardize 15,000 jobs and £12b of investment in the North Sea.
read more... 27/05/2011
A blast hits Iranian oil refinery during president Ahmadinejad’s visit
Iranian state media agency has reported that an explosion rocked at Abadan Refinery on Tuesday during the visit of Iran’s president Mahmoud Ahmadinejad, even at the moment he was holding a speech at the plant inauguration ceremony.
read more... 25/05/2011