Latest news
Statoil acquires from Petrobras a 25% stake in Brazil field
Norway’s energy company Statoil purchased 25 percent stake of the huge Roncador petroleum field in the Campos Basin in Brazil from Petrobras.
read more... 19/12/2017
Romania will build a waste petroleum recycling facility
Romanian Green Oil and Lubes firm will have a recycling plant for waste lubricant oil. The $56 million project aims to transform oil waste into base oils so it might be reutilized in the automotive and industrial field. The 73,000 metric-tonne recycling site will be constructed in southern region of Romania, on Danube’s shore.
read more... 08/12/2017
Hungarian oil and gas major firm puts up on sale UK North Sea assets
Hungarian oil giant MOL declared about its intentions to sell its assets off the UK causing continuous tensed events in the North Sea. This comes after four years the company entered the area.
read more... 07/12/2017
China finds huge 1-billion-ton oil reserve in Xinjiang
A new oil field with around 1 billion ton of petroleum was discovered in China's Xinjiang Uighur Autonomous Region.
read more... 06/12/2017
Over 200 North Sea energy rigs to be decommissioned by 2025
According to Oil & Gas UK and Decom North Sea, more than 200 oil and gas rigs as well as 2,500 wells across the basin are planned to be closed by 2025 year.
read more... 30/11/2017