The hunger for Barents Sea oil is on decrease among petroleum companies. What a decade ago was a big hope for big oil has been followed by a row of disappointments as one drilling well after the other has proved to contain more gas than oil. On Tuesday, the MinistryContinue Reading

The global oil market is gradually recovering from the crisis caused by the 2020 coronavirus pandemic. The increase in demand for oil, followed by restrictions cancellation in different countries, is natural and causes “black gold” supply shortages. Hence the need to increase oil production by the key exporters (Saudi Arabia,Continue Reading

In north-eastern Estonia, an oil spill has been found near the Baltic Sea Port of Sillamäe. On Sunday, July 18, the Estonian Police and Border Guard Board’s Maritime Surveillance Centre was notified of 20 or more litres of oil spilled into the Baltic Sea. The responsible services accessed the siteContinue Reading