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