Latest news
Gazprom Neft makes new oil discovery
Russian energy firm Gazprom Neft revealed it made a new find in a territory situated north of Kazakhstan which is estimated to have more than 80 million barrels of reserves.
read more... 12/02/2018
China surpassed US as the world’s largest crude oil importer in 2017
China was the largest crude oil importer in 2017, importing 8.4 million barrels per day (b/d), surpassing the United States, which imported 7.9 million b/d.
read more... 07/02/2018
SOCAR signs major agreement within modernization of Baku Refinery
Azerbaijan’s state oil firm SOCAR has inked an EPC (engineering, procurement and construction) with Italy’s Maire Tecnimont for the construction of new installations as part of the reconstruction and upgrading of Heydar Aliyev Baku Oil Refinery, according to a message from SOCAR.
read more... 02/02/2018
Norway offers a record number of 75 new offshore exploration leases
Norway delivered a record seventy-five new offshore oil exploration leases to energy firms in the recent bidding round.
read more... 17/01/2018
Exxon Mobil discovers major oil reserves off Guyana
Exxon Mobil Corp declared that it had found a major oil reservoir off the coast of the South American state of Guyana.
read more... 09/01/2018