Statoil among firms seeking stakes in Abu Dhabi…

Statoil is among producers involved in discussions with the Abu Dhabi National Oil Co (Adnoc) about joining offshore production in the emirate, according to a Norwegian diplomatic dispatch. “All the major oil companies, including Statoil,…

Brent crude hits new 2017 high above $58…

Brent crude oil hit a new 2017 high on Monday, continuing a rally fueled by improving demand and expectations that producers will extend output cuts. International benchmark Brent rose $1.52, or 2.7 percent, to $58.38…

Hungarian Delegation visits GECF | GECF

A high-level Hungarian delegation led by HE Pál Ságvári, Ambassador-at-large for Energy Security of Hungary, Ministry of Foreign Affairs and Trade of Hungary visited HE Dr. Hossein Adeli, GECF Secretary General on  March 16, 2017…