Latest news
Iraq’s Majnoon oil field is of no interest to Shell
Shell wants to sell its share in Iraq’s Majnoon oil field after both parties failed to reach an agreement on future production plans and investment budgets, as stated by Reuters on Wednesday.
read more... 14/09/2017
Chinese Energy Company buys from Qatar 14 % share in Rosneft
Chinese energy company is ready to pay around $9 billion for 14% share in Russian oil giant PAO Rosneft.
read more... 11/09/2017
Statoil: Sanctions are not an obstacle for the oilfield agreement with Rosneft
Norway’s Statoil declared that the deal with Russia’s Rosneft aiming to develop the onshore North Komsomolskoye oilfield was according to the European Union and U.S. sanctions on Russia over the conflict in Ukraine.
read more... 08/09/2017
Extraction of extra 900 million barrels of oil is possible from the vast UKCS fields
A huge amount of oil could be pulled out from a certain number of massive oil fields in the UK Continental Shelf (UKCS).
read more... 07/09/2017
BP: Agreement on Caspian Oil Field prolonged up to 2050
In the following days, a deal is likely to be inked between Azerbaijan and BP on extending the development of the Azeri-Chirag-Gunashli (ACG) oil field up to 2050.
read more... 07/09/2017