Latest news
National Grid mulls sale of UK gas distribution arm
UK’s National Grid is planning to sell a majority stake in its British gas distribution business, which could yield £10billion ($15 billion) in an auction with foreign investors.
read more... 10/11/2015
Ineos inks US shale gas ethane agreement with Exxon and Shell in Scotland
Ineos, owner of Scotland's Grangemouth petrodoil refinery, has signed an agreement with subsidiaries of ExxonMobil and Shell to provide ethane derived from U.S. shale gas which it is to import into Scotland to their neighboring chemical plant, as stated by the company on Monday.
read more... 10/11/2015
BP signs agreement to hasten development of Atoll gas field in Egypt
UK-based oil and gas major BP has inked a heads of agreement (HoA) with the Egyptian Minister of Petroleum to accelerate the expansion of the Atoll gas field in the country.
read more... 09/11/2015
Centrica starts drilling for new gas reserves at York field
Centrica began drilling works in a new well York gas field. It will tap into further 20 billion cubic feet of gas – sufficient to heat half a million UK homes yearly.
read more... 06/11/2015
Daily: British gas prices spurred by cut in Dutch imports, weak demand forecast
Crude oil declined on Wednesday, erasing most of their gains from the previous day, as a strong dollar, declining gasoline prices and increasing U.S. crude stockpiles weighted on the market. Brent crude futures fell $1.96, or 3.9 percent, to end at $48.58 a barrel. It had boosted $1.75 on Tuesday. WTI crude shed $1.58, or 3.3 percent, to settle at $46.32. It rose by $1.76 in the previous session.
read more... 05/11/2015