Latest news

Oil discovery in Egypt’s Western Desert

Independent producer Apex said the well in Cretaceous sandstones can produce 2,000 barrels a day

read more... 19/01/2021


Italy's Edison sells Norway upstream assets to focus on energy transition

The deal, which includes a portfolio of five exploration licences and reserves of 25.9 million barrels of oil equivalent, is expected to close before the end of June

read more... 31/12/2020


Johan Sverdrup crude loadings to hit new record

Record-high loadings of the North Sea's largest crude grade, Johan Sverdrup, will help offset a drop in exports of the region's benchmark crudes in February.

read more... 30/12/2020


Russia Backs Another 500,000 Bpd Oil Production Increase

Despite renewed fears about oil demand due to the new coronavirus strain, the leader of the non-OPEC group in the OPEC+ pact, Russia, is still in favor of another 500,000 bpd increase in the alliance’s oil production from February, Bloomberg reported on Monday, citing officials with knowledge of the Russian oil policy.

read more... 22/12/2020


Belarus suspends Klaipeda oil product exports

Belarus appears to be halting oil product exports through the Lithuanian port of Klaipeda in what may be a politically-motivated move.

read more... 16/12/2020