News

  • 5 December 2011

    Adira Energy to farm out Yitzhak licence

    Oil and gas exploration company Adira Energy has entered a series of agreements to farm out part of its interest in the Yitzhak licence, offshore Israel.

  • 5 December 2011

    Oil prices slip over eurozone downgrade risk

    Oil markets fell today as ratings agency Standard & Poor's issued a warning that it will downgrade eurozone countries, prompting concerns that the region's debt crisis will not be resolved.

  • 4 December 2011

    Oil prices rise over Iran supply risk

    Oil markets rose today as growing tensions between Iran and the West heightened the risk of disruptions to crude shipments by Iran, the world's fifth-largest oil exporter.

  • 1 December 2011

    Oil rises on positive US economic data

    Oil prices rose this morning on hopes of a sustained recovery in the world's top oil consumer US; however, the gain was capped by fears of the eurozone debt crisis...

  • 30 November 2011

    Punj Lloyd wins ONGC pipeline contract offshore India

    The Punj Lloyd Group has won an engineering, procurement and construction contract from India-based energy firm Oil and Natural Gas Corporation (ONGC) for an offshore project in the Bombay High...

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