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Daily: WTI crude plunges to a 6-1/2 year low under $42
WTI oil prices declined more than 3 percent to a 6-1/2 year low to close under $42 a barrel on Thursday, dragged down by data showing a considerable increase in key U.S. inventories intensified concerns about an increasing global glut. A stronger dollar and strengthening job data added on oil pressure.
read more... 14/08/2015
Yamal-Europe gas pipeline volumes increasing after suspension
The Yamal-Europe gas pipeline, which supplies Russian gas mostly to Germany and Poland, is raising volumes after an interruption on Tuesday evening, as reported by Interfax news agency, quoting German operator Gascade.
read more... 12/08/2015
OMV puts up for sale a 30% stake in UK North Sea Rosebank project
Austrian oil and gas company OMV envisage selling a 30% stake in the Rosebank oil and gas project in the British North Sea, as it aims cutting its budget to struggle with weakening oil prices.
read more... 30/07/2015
UK government awards 41 new licences for hydrocarbons in the North Sea
The British government decided on Monday to award 41 licences to drill for oil and gas in the North Sea, with oil majors Shell and ENI among the successful bidders.
read more... 28/07/2015
Eni finds about 15 billion cubic meters of gas in Egypt
Italy's Eni has found gas reserves of approximately 15 billion cubic metres in Egypt's Nile Delta region, with production ready to begin in two months, as stated by the Egyptian oil ministry on Monday.
read more... 21/07/2015