Latest news
Tullow Oil quits its Lupus exploration well in Norway
Tullow Oil PLC unveiled it had stopped up and quitted its Lupus exploration well in the Norwegian North Sea blaming its failure to find any hydrocarbons. The well is 35km south-east of the Oseberg Sor Field and 110km west of the island of Sotra in the North Sea.
read more... 21/07/2014
Greece pledges tax reduction to attract oil and gas majors
Greece intends to reduce tax rates for oil and gas firms since it desires to attract them to aid develop its unexploited offshore hydrocarbon resources, as stated by its energy minister on Tuesday.
read more... 02/07/2014
Spain’s Repsol unveils a significant hydrocarbon discovery in West Siberia
Spanish oil major Repsol unveiled it made two new hydrocarbon discoveries in relatively unexplored side of West Siberia. If combined, the two discoveries represent Russia’s largest hydrocarbon find for two years.
read more... 24/06/2014
Chevron abandons the exploration of shale gas in Lithuania
U.S. oil and energy giant Chevron has announced it has decided to abandon the tender to explore shale gas in Lithuania because of the unfinished legislative base for hydrocarbon exploration in Lithuania.
read more... 09/10/2013
UK: Shale gas reserves could quadruple
The IGas Energy Group, one of the UK’s hydrocarbon producers, has announced that its license in north west England could contain over 170 trillion cubic feet (Tcf) of the unconventional gas. According to IGas technical studies, the quantity of shale gas in some regions of the UK has been underestimated.
read more... 06/09/2013