Latest news
Daily - oil down on gloomy jobs data
U.S. and Brent crude oil futures traded lower on Friday on gloomy jobs data and production shut in the U.S. Gulf of Mexico because of a new tropical storm.
read more... 05/09/2011
Daily – oil prices mixed on discouraging manufacturing data in Europe
NYMEX and Brent crude were mixed on Thursday on discouraging manufacturing data in Europe and new concerns over Greece ability to tackle its deficit problems and struggled Gulf of Mexico production on a possible storm threat.
read more... 02/09/2011
BP allocates $5 bn to Gulf oil spill claimants
The British energy giant, BP has set up a fund through which it has paid more than 5 billion US dollars in claims to victims of last year's devastating oil spill in the Gulf of Mexico.
read more... 25/08/2011
Gazprom Neft gets 30% in Cuba’s offshore blocks
Gazprom Neft, the subsidiary of Russian major Gazprom, has inked a Supplementary Agreement to the Production Sharing Contract (PSC) with Cuba's national oil company Cubapetroleo and Malaysia's oil and gas company Petronas on four blocks on the Cuban shelf of the Gulf of Mexico, the company said on Monday.
read more... 02/08/2011
Exxon to make new oil and gas discoveries in the Gulf of Mexico
Two big oil and a natural gas discoveries were made in the Gulf of Mexico, emphasizing again the importance of this basin for the US crude oil production. Previously, oil and gas exploration operations were frozen by the U.S. government following a blowout at the BP Macondo well last year.
read more... 08/07/2011