Latest news
Statoil halted production at its Njord platform following a gas leak
Norwegian oil giant Statoil announced that it had to halt its production on the Njord platform on Sunday as a result of operational problems with gaskets in a gas export compressor. Later, a gas leak was discovered in one of the risers.
read more... 27/04/2011
BP shareholders want to sell twice more assets than the company’s current plan
BP is facing a pressure from its biggest investors to sell off more than the double of the assets BP is currently selling as a program of radical reorganization. The investors are claiming that BP's chief executive, Bob Dudley, has the opportunity to change the company into a more dynamic one, following the devastating oil spill in the Gulf of Mexico.
read more... 18/04/2011
Eni CEO meets rebels for energy talks
According to the declarations of Italian Foreign Minister Franco Frattini, Eni’s chief executive Paolo Scaroni has visited Benghazi to discuss energy cooperation with the rebel forces.
read more... 05/04/2011
Shell agrees to sell its downstream assets in Chile
The energy giant Royal Dutch Shell PLC announced on Friday that it has agreed to sell the majority of its downstream business to the Chile’s largest business conglomerate Quinenco, for a total amount of $614 million.
read more... 04/04/2011
Cnooc and Total sign Agreements to buy stakes in Tullow’s Ugandan assets
Anglo-Irish energy firm Tullow Oil declared on Wednesday that it has agreed to sell part of its Uganda assets to France's Total and China's CNOOC for an amount of USD 2.9 billion.
read more... 01/04/2011