Latest news
The exploration expenses of the big oil companies decline for the fifth year in a row
Despite the strongest beginning for oil prices in the last four years, the major oil companies in the world are not very eager to hasten the search for new resources as their willpower to retain capital discipline surpasses the hope of making successful discoveries.
read more... 05/01/2018
Forties Pipeline is now fully operational
The Forties Pipeline, closed for maintenance repairs after a crack on its onshore section in Scotland, restarted its activity.
read more... 04/01/2018
New segment of China-Russian oil pipeline starts operation
The second section of the China-Russia oil pipeline launched its operations. This led to an increase in China’s annual imports of Russian gas from 15 million to 30 million tonnes per year.
read more... 02/01/2018
China and Iraq will develop oil field in Baghdad
Iraq completes initial deal with China's ZhenHua Oil aiming the development of the East Baghdad oil field, as stated by Iraqi Oil Minister Jabar Ali al-Luaibi on Monday.
read more... 27/12/2017
Gazprom Neft to invest approximately $6.6 billion in 2018
The 2018 overall investments of Gazprom Neft might attain about $6.6 billion, which is equal to the amount invested in 2017.
read more... 27/12/2017