An international tribunal has ordered the Russian government to compensate a group of Spanish investors for the losses they suffered when Russia seized the Yukos Oil Company, one of the largest oil and gas companies in the world.
Total has made the final investment decision for the Tempa Rossa field in the Basilicata region of southern Italy.
Technip has reported a 1.3% rise in net profits for Q2 and lower oil prices have yet to take their toll on the company’s outlook for the rest of the year.
Libya’s Deputy Oil Minister, Omar Shakmak has said that he expects the country’s oil production to return to its pre-war levels by October.