Latest news
British energy imports rally at highest level since the 1970s energy crisis
Britain is in the midst of an energy revolution. The government has pledged since the late 1990s to use more renewable energy.
read more... 19/08/2016
BP hit a milestone oil production in Azerbaijan
A BP unit working in the Caspian Sea unveiled a milestone for oil pulled from Azeri waters with its 3 billionth barrel since the start of production from the Chirag platform in 1997.
read more... 18/08/2016
UK set to be the second on offshore oil and gas projects by 2025
The UK is likely to be the second on offshore oil and gas projects by 2025, according to a report by GlobalData, which declared that a total of 29 new developments are projected to begin operating by the same period.
read more... 09/08/2016
Iran and Germany ink first petrochemical agreement after sanctions
A first petrochemical cooperation agreement in the post sanctions era between Iran and Germany was inked by Iranian Kian Petrochemical and German Linde Group on Tuesday, as stated by the Islamic Republic News Agency (IRNA).
read more... 04/08/2016
Statoil acquires Petrobras assets in Carcará oil finding for $2.5 billion
Norwegian oil major Statoil ASA declared on Friday it had decided to acquire Petrobras' 66% operated interest in the BM-S-8 offshore license in Brazil's Santos basin for $2.5 billion.
read more... 29/07/2016