Latest news
Sudan, Turkey strike $100 million oil investment deal
The Turkish minister of agriculture and forestry Bekir Pakdemirli said his country has signed a $100 million agreement to invest in oil exploration and production in Sudan.
read more... 12/09/2018
Britain’s oil and gas sector ‘is at a crossroads’
Oil & Gas UK says despite improvements, more investment is needed to ensure the long-term future of the North Sea
read more... 11/09/2018
Russia’s Oil Production Nears Record High
Russia’s oil production in August was virtually flat compared to July as Moscow kept output at near post-Soviet record, after having reversed most of its production cuts under the OPEC+ deal the previous month.
read more... 04/09/2018
Turkey’s STAR refinery to process Russian oil
Azerbaijan’s state oil company SOCAR and Russia’s Rosneft company signed a contract on the supply of Russian oil to Turkey’s STAR oil refinery, owned by SOCAR.
read more... 03/09/2018
Germany’s Wintershall to invest €2bn on Norwegian Continental Shelf fields
German crude oil and natural gas producer Wintershall revealed its intentions to invest about €2bn in exploration and development activities on its offshore Norwegian fields from 2017 to 2020.
read more... 29/08/2018