Industry Developments

UK-listed independent Providence Resources announced on November 16 2010 that 3D seismic data covering its offshore Spanish Point discovery in Ireland suggest the potential for commercial... 2010-11-16

British major BP is set to shut down its UK North Sea Rhum gas project, which it operates with Iranian Oil Company UK (IOC UK), a subsidiary of state-run National Iranian Oil Company... 2010-11-11

The European Union's (EU) energy commissioner, Günther Oettinger, reiterated calls for a common energy market at the unveiling of the European Commission (EC)'s Energy 2020 strategy... 2010-11-11

Germany's Wintershall has begun a new drilling programme at the Emlichheim deposit near the German-Dutch border.

More fodder was thrown before the oil bulls on November 4 with the publication of OPEC's 2010 World Oil Outlook, which sets out a strongly upbeat view of global oil demand growth prospects... 2010-11-05

The UK has provisionally awarded 144 licences in its 26th offshore round, which attracted significant interest from industry majors as well as established independents.

European sanctions banning joint Iranian and Western energy investments will most likely require British major BP to shut down the Rhum North Sea gas project, which it operates with... 2010-10-27

Swiss refiner Petroplus has announced plans to cease crude processing at its Reichstett refinery in Alsace and convert the site to a fuels terminal.

France has begun suffering from fuel shortages as a result of a series of strikes that began in early September and have since spread across the country.

State-run oil company Petróleos de Venezuela (PdVSA) will sell its stakes in four German refineries to Russian state-run oil producer Rosneft, Reuters quoted a PdVSA source as saying... 2010-10-15