Latest news
Shell will develop Chinese petrochemical plant
Shell has made a final investment decision on developing a petrochemical plant with a Chinese company.
read more... 24/03/2016
Gazprom saw a record oil production of 10 million barrels at Prirazlomnoye field, in Arctic north
Russian giant Gazprom saw a milestone production at its Arctic Prirazlomnoye field in the Pechora Sea, 60 km offshore Russia with its 10 millionth barrel of oil.
read more... 23/03/2016
Statoil and ExxonMobil obtain oil licenses in Ireland
Oil titans Statoil and ExxonMobil have obtained six offshore licenses in Ireland.
read more... 04/03/2016
Petrobras secures a $10 billion loan from China
Brazil’s state-controlled oil producer Petroleo Brasileiro (Petrobras) has secured a $10 billion loan from China Development Bank Corp to help pay most of its 2016 debt.
read more... 01/03/2016
Eni cuts investment after substantial fourth-quarter loss
Italian oil producer Eni declared it will slash investments by 20 percent this year and accelerate lower-cost projects after impairments because of weak oil prices resulted in a substantial fourth-quarter loss.
read more... 29/02/2016