Latest news
Total to invest in Arctic gas terminal production
The French super major Total and Russia will jointly participate in the construction of an Arctic Sea terminal in Russia’s Yamal Peninsula, an investment estimated at 38 billion of dollars.
read more... 22/07/2011
Bulgarian energy experts seek to attest the safety of shale gas drilling
During a press conference, the Bulgarian officials asserted that shale gas production does not represent greater environmental risks than the production of conventional energy and mineral resources; moreover it can make flourish the Bulgarian state, which is now the EU’s poorest one member.
read more... 21/07/2011
Russian-British TNK-BP to acquire 45% stake in Brazil deposit
The Russian-British joint venture TNK-BP is in talks with Brazil’s Petro Energia to buy 45% in an oil and gas deposit in Brazil's Solimoes region for $1 billion.
read more... 19/07/2011
Petrofac extends Nord Sea contract with Marathon
Petrofac, a British provider of integrated facilities services to the oil, gas and energy production and processing industries, said its Offshore Engineering & Operations, or OE&O, business has been awarded a contract renewal by Marathon Oil, a United States-based oil and natural gas exploration and production company.
read more... 13/07/2011
Major gas discovery in Romania
Petrom, the biggest oil and gas producer in Romania, has reported the successful result of the exploration well 4539 Totea. The well, drilled following a recent 3D seismic program to a depth of 3600 meters in the Oltenia region of south-western Romania, is likely to contain substantial gas resources.
read more... 12/07/2011