Latest news
Turkey: TPAO to purchase Total’s stake in Shah Deniz gas project
Turkey's state-controlled oil company Turkish Petroleum Corp (TPAO) has decided to buy 10 percent stake of the French energy firm Total in Azerbaijan's Shah Deniz gas project, as declared on Thursday by two sources familiar with the matter.
read more... 30/05/2014
A conglomerate run by BP awards a contract of $375 million for Shah Deniz gas project
A conglomerate run by BP and the South Caucasus Pipeline Company has awarded a contract for pipeline construction estimated at $735 million to a consortium of companies to facilitate the expansion of the Shah Deniz II gas project in Azerbaijan which gives Europe a possibility to diminish dependence on Russian gas.
read more... 27/05/2014
Italy: Eni obtains 1st non oil-indexed gas accord from Russia
Italy's Eni won a milestone agreement with Russia's Gazprom that leave behind a 50-year old mechanism of indexing gas supplies to oil prices, fixing up a model other European purchasers might be able to apply in talks.
read more... 26/05/2014
Hungary’s MOL monitors more retail purchases after Eni transaction
Hungarian oil and gas conglomerate MOL intends to make more acquisitions in order to increase its retail market share in central Europe, where an economic recovery is ongoing and motor fuel sales are expanding, as stated by MOL's downstream manager.
read more... 21/05/2014
Eni: Norwegian Arctic project postponed again, costs increase
Italian energy firm Eni postponed again the launch of its Goliat field in the Norwegian Arctic declaring the costs would be more elevated than expected.
read more... 19/05/2014