Latest news
Shell cuts its 2016 spending as it grapples with low oil prices
Energy giant Royal Dutch Shell said it will cut its 2016 spending by another 10%, as lower oil prices continue to hit its business.
read more... 05/05/2016
Doha summit resulted in a deadlock after Iran’s last-minute decision to stay home
A summit in Doha between the top oil producing countries in the world ended without an agreement on Sunday, as country leaders failed to negotiate a production freeze intended to strengthen prices.
read more... 18/04/2016
CEO: Eni to inject 20 bln euros in Africa’s energy sector
Italian energy giant Eni envisages investing about 20 billion euros ($22.5 billion) in Africa over the next four years, mostly in the oil and gas industry, according to the company's Chief Executive Officer Claudio Descalzi.
read more... 18/04/2016
Premier Oil confirms first production from Solan oil field in UK North Sea
Premier Oil has begun oil production from the $850m Solan field located in block 205/26a of production license P164 in the UK North Sea.
read more... 15/04/2016
India may invest $20bn in Iranian oil and petrochemicals projects to raise imports
India may invest as much as $20bn in oil, petrochemicals and fertiliser projects in Iran in order to import more crude to cover its demand.
read more... 12/04/2016