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Russia's Novak sees global oil output cuts easing from August

Russian Energy Minister Alexander Novak said on Thursday that the OPEC+ group of oil producers is expected to start easing oil output cuts from August as previously agreed.

read more... 06/07/2020


OMV Petrom gets E&P license for Georgian Black Sea perimeter

Georgia’s Oil and Gas Agency has granted oil and gas exploration and extraction licenses to Romanian oil company OMV Petrom, a member of the Austrian OMV Group, reported.

read more... 29/06/2020


BP takes hit of up to $17.5bn as it forecasts cheaper oil

BP says it expects oil prices to be lower than expected from now until 2050 as governments speed up plans to cut carbon emissions in the wake of the coronavirus pandemic.

read more... 15/06/2020


Bulgaria plans state company to manage fuel storage and trade

Bulgaria plans to set up a state-owned company to manage oil and fuel reserves and build petrol filling stations across the Balkan country to boost competition and ensure fair prices for consumers, the government said on Monday.

read more... 19/05/2020


Coronavirus widens climate rift between European and U.S. oil majors

Europe’s top oil and gas companies have diverted a larger share of their cash to green energy projects since the coronavirus outbreak in a bet the global health crisis will leave a long-term dent in fossil fuel demand, according to a Reuters review of company statements and interviews with executives.

read more... 18/05/2020