Latest news
Russian magnate confronted Britain over North Sea agreement
Russian tycoon Mikhail Fridman declared on Monday he would purchase a number of gas licenses in the North Sea in spite of British resistance, threatening lawsuit if London should oblige him to vend them on to a third party.
read more... 03/03/2015
Lithuania’s LNG importer obtains permission to trade gas in Estonia
Litgas, Lithuania's liquefied natural gas (LNG) importer, obtained Estonia’s permission to trade natural gas in the country, as stated by the company on Tuesday, potentially opening the way for more transactions.
read more... 25/02/2015
Daily: Crude oil rebounds after two days of losses on sinking U.S dollar, investments cuts
Crude oil prices jumped on Thursday after two days of losses on news of sharper industry investments cuts following a near-halving of oil prices since June and on weakening U.S. dollar. Expiring March Brent futures boosted $2.39, or 4.37 percent to close at $57.05 a barrel after a 3 percent decline on Wednesday. U.S. March crude futures increased $2.37 or 4.85 percent to settle at $51.21.
read more... 13/02/2015
Ukraine sees reduced European summer gas prices, to boost reserves
European summer spot gas prices for Ukraine might decrease to between $250 and $300 per 1,000 cubic metres, permitting Kiev to raise its underground storage reserves, as stated by Ukrainian Prime Minister Arseniy Yatseniuk on Wednesday.
read more... 05/02/2015
Eni to seize two more oil and gas fields in Egypt
Italian energy giant Eni inked two concession agreements for the North Leil and Karawan blocks offshore Egypt, as a result of the EGAS 2013 bid round.
read more... 16/01/2015