Latest news
ExxonMobil, ConocoPhillips, BP to develop a large-scale LNG project in Alaska
The oil majors, ExxonMobil, ConocoPhillips, BP and TransCanada have agreed on a plan to focus on a large-scale liquefied natural gas project at the Point Thomson gas fields in Alaska, US by May 2016.
read more... 03/04/2012
BP gets green light to drill a new deep water-well off Shetland
The British oil major BP has been given the green light to drill a new deep water oil well in Scottish waters off the northwest of Shetland, according to the information provided by the Department of Energy and Climate Change (DECC).
read more... 26/03/2012
Supply problems in world oil market
A number of real and threatened supply problems are helping support oil prices this year, despite a weakening outlook for the world economy and slower growth in global fuel demand. More than 1 million barrels per day (bpd) of supply is estimated to be offline - 1.1% of daily world demand - including Libyan output yet to return to service.
read more... 29/02/2012
BP four-quarter profit increased in 2011
The British super major BP recorded an improved quarterly profit this week, being the first time in a year when he has beaten the profits of its rival, Royal Dutch Shell.
read more... 07/02/2012
TNK-BP to invest $10bn in Arctic oil fields
Russian oil company TNK-BP, 50 % owned by BP, will invest up to $10 billion in Arctic oil field development and construction of a pipeline, enabling thus the export of its reserves to Chinese markets by 2016.
read more... 15/12/2011