Latest news
Chevron has signed a partnership deal with Russian oil giant Rossneft
American oil company Chevron and Russian state-owned Rossneft agreed upon exploiting together the Black Sea shelf.
read more... 18/06/2010
Oil and gas production in Italy estimated to increase in 2010
Italy, the country depending very much on oil and gas imports due to insufficient natural resources, expects its domestic hydrocarbons production to increase this year, according to Industry Ministry Undersecretary Stefano Saglia on Thursday.
read more... 14/06/2010
Russian oil production dropped slightly in May
Daily oil production in Russia declined in May from 10.11 million bpd to 10.08 million bpd.
read more... 02/06/2010
Oil prices dropped after European and Chinese index announcement
Oil price lost 3% today, after the publication of new data concerning Europe and China.
read more... 01/06/2010
New oil reserves discovered at Tybalt
Valiant Petroleum, a British oil and gas company, announced the discovery of new oil reserves in Tybald region, situated in British North Sea area.
read more... 01/06/2010