Latest news
Rosneft sees its profit doubling in third quarter ahead the TNK-BP acquisition
Russia’s oil giant Rosneft beat expectations by doubling quarterly profits to $5.8 billion prior to its controversial $61 billion acquisition of the private rival TNK-BP.
read more... 09/11/2012
BP in talks with Rosneft over a £ 17 billion deal
British oil company BP confirmed that it is in advanced talks about selling its stake in TNK-BP to Rosneft, Russia’s state-controlled oil company. The deal has yet to be approved, even if BP confirmed that it was in “advanced discussions” with Rosneft concerning the sale of its 50 % stake in TNK-BP.
read more... 22/10/2012
BP unveils the start-up of Devenick gas project in UK
The energy major British Petroleum (BP) unveiled the successful start-up of a natural gas project in the North Sea which will be able to provide enough gas to meet the needs of about 500, 000 homes per year.
read more... 09/10/2012
Saudi Arabia oil output dropped by 300, 000 bpd in May
Saudi Arabia, the world’s oil basin, has cut its oil output by 300, 000 bpd in May compared with a month before, pumping 9.8 million bpd, according to an industry source.
read more... 11/06/2012
BP to resume oil exploration program in Libya
The oil major BP announced it will resume its oil operations in Libya, suspended since 21 February 2011 because of civil war against the regime of Muammar Gadafy. The move came as the company feels the security situation inside Libya now makes it safe enough to return.
read more... 04/06/2012