Latest news
Rosneft and BP become partners in a German Joint Venture
The British energy giant BP announced Rosneft as its new partner in its German refining joint venture, Ruhr Oel GmbH (ROG). Their partnership started in October last year, when the Russian company bought the stake of 50 per cent from PdVSA of Venezuela, BP’s former partner.
read more... 06/05/2011
Statoil registers stronger Q1 profit on high oil prices
Norwegian oil and gas major Statoil ASA reported on Wednesday that higher oil and gas prices have boosted its first quarter profits by 44 percent.
read more... 05/05/2011
Tax hike on North Sea oil industry might hit investor confidence
Oil and gas industry leaders have met on Wednesday to energy Select Committee in London as to make a final attempt to convince the Government to modify its decision regarding a tax hike of £10bn on North Sea energy companies warning that it could have austere implications on energy industry. industry.
read more... 05/05/2011
BP to pay $25 million penalty following the Alaska oil spill
BP has to pay a $25 million penalty fee and spend other $60 million for improvement measures following the spill of more than 5,000 barrels of crude oil from the company's pipelines in Alaska in 2006, declared on Tuesday the US Department of Justice (DoJ) and the Environmental Protection Agency (EPA).
read more... 04/05/2011
Bulgaria asks for fuel guarantees as Russia halts oil exports
Bulgaria's Economy and Energy Minister, Traicho Traikov, has required guarantees from Russia for sufficient supplies of fuel for the country's market following the reports that the Russian Federation is halting oil export.
read more... 03/05/2011