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OPEC should not convene an emergency meeting.

OPEC, the producer of 40 percent of the world's oil, doesn't need to gather for an emergency meeting to discuss any further reduction in oil production even if the price of crude oil hits $90 a barrel, Iran’s OPEC governor said.

read more... 13/01/2011

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Gazprom signs a 2 year LNG sales-purchase agreement with Gujarat State Petroleum

Gazprom Marketing & Trading Ltd (GM&T) branch in Singapore and India’s Gujarat State Petroleum Corporation (GSPC) have concluded an agreement for the sale and purchase of Liquefied Natural Gas (LNG).

read more... 12/01/2011

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U.K. to intensify the number of oil and gas inspections in the North Sea

The U.K. government said Tuesday it will further enhance the number of inspections of oil and gas rigs operating in the North Sea as a consequence of the oil leak from the Gulf of Mexico.

read more... 12/01/2011

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GE completes the wind farm in Fere-Champenoise, France, with a 45MW capacity

A wind farm was completed in Fere-Champenoise, (the most suitable region in France for the development of wind turbines technologies), one of GE’s most important projects that will help France reach its energy generation target of 23 percent from wind turbines by 2020.

read more... 12/01/2011

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Japanese giant traders target Russia’s Yamal LNG Project

The Japanese firms, Mitsui and Mitsubishi want to join in the liquefied gas field project on Russia's Yamal Peninsula on the Arctic Ocean. The Yamal Peninsula is situated in the middle of the Russian coast on the Arctic Ocean, a convenient location for exporting liquefied natural gas both to Europe and the Far East.

read more... 11/01/2011

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