Crude oil futures lost more than 2 percent on Tuesday, continuing their decline after a one-day pause, as U.S. stockpiles boosted for an eight consecutive week. U.S. WTI futures fell $1.07, or 2.6 percent, to settle at $40.67 a barrel. Brent crude futures eased 99 cents, or 2.2 percent, to close at $43.57 a barrel.
read more... 18/11/2015
BP has inked a deal with Egypt to accelerate the expansion of an offshore gas field.
read more... 13/11/2015
Gazprom has decided to vend an extra 1 percent of its stake in the Nord Stream gas pipeline to the French company ENGIE, reducing its stake in the project to 50 percent, as mentioned by Interfax news agency on Thursday.
read more... 13/11/2015
Iran and Iraq sealed a 6-year gas deal on November 11, under which Tehran will export 25 million cubic meters per day (mcm/d) to feed three power plants in Iraq’s port city of Basra.
read more... 12/11/2015
Norway's Statoil set a new goal on Wednesday to improve the efficiency of its oil and gas operations by 2020 to aid reduce the firm's increasing carbon dioxide emissions.
read more... 12/11/2015