Latest news
Daily (27.03.2017): Mild weather and new LNG on horizon put pressure on UK gas prices
Crude oil prices posted a modest rise on Friday in a late trading, but lost ground for the week on persisting concerns about crude oversupply.
read more... 27/03/2017
European countries to build the North Sea Wind Power Hub to support 100GW of offshore wind projects
Denmark, Germany and the Netherlands are planning on building a giant island in the North Sea which will be able to support up to 100GW of offshore wind projects.
read more... 24/03/2017
OGA awards 25 licenses for exploration and production nearby UK Continental Shelf
As part of the 29th licensing round, the Oil and Gas Authority (OGA) is to award 25 licenses for 111 blocks or part blocks to17 companies, in order to assure further exploration and production across frontier areas of the UK Continental Shelf (UKCS).
read more... 24/03/2017
Polish government-run PGNiG consolidates its position in Norway
Polish government-run PGNiG (Polish Oil and Gas Company) has acquired a share in the Storklakken oil field which was discovered in 2010 by Aker BP ASA. The deal is carrying out PGNiG’s strategy in increasing hydrocarbon production outside Poland.
read more... 24/03/2017
Daily (24.03.2017): Oil stuck near four-month lows on record U.S. crude stocks
Crude oil prices tumbled on Thursday, locked near four-month lows amid investors’ concerns that OPEC-led supply cuts were not yet reducing record U.S. crude stockpiles.
read more... 24/03/2017