Latest news
Rosneft to pursue expansion in gas market with $1.8 billion acquisition
Enel SpA, the Italian electric utility company, the second-largest in Europe by market capitalization, unveiled that it will sell its 40% stake in Arctic Russia BV, a joint venture with Eni that owns 49% of SeverEnergia. Enel will receive 1.8 billion USD from Rosneft and the completion of transaction is subject to regulatory and other approvals.
read more... 26/09/2013
Daily: European coal prices increase to the highest level since May
Crude oil prices declined on both sides of the Atlantic, down more than $1 per barrel on Monday, despite bullish economic data from China and Europe, as higher crude production from Iraq and a possible lessening in U.S.-Iran relations increased the supply panorama. Brent crude for November delivery eased $1.06 to settle at $108.16 per barrel, after hitting a session low of $107.76. Meanwhile, U.S. crude for November declined $1.16 to $103.59 a barrel. Brent's premium over U.S. crude settled at $4.57, little changed from Friday's close of $4.55.
read more... 24/09/2013
EIA: Caspian Sea could become Europe's preferred alternative for gas
The Caspian Sea region, which includes Russia, Azerbaijan, Kazakhstan, Turkmenistan, Uzbekistan, and Iran, is one of the oldest oil producers. However, despite being a traditional oil producer, the Caspian area's importance as a natural gas producer is increasing rapidly.
read more... 17/09/2013
Cyprus could become a natural gas hub by 2025
Natural gas reserves in the six gas fields licensed to Noble, Total, Kogas and ENI could total about 1.1 trillion cubic metres or 38.9 trillion cubic feet, unveils an article published in the quarterly Oxford Energy Forum, KRETYK’s Chairman Charles Ellinas.
read more... 16/09/2013
Eni strikes the biggest ever gas discovery offshore Mozambique
Italy –based Eni has unveiled a new significant impact discovery offshore Mozambique, while working in its Agulha exploration prospect.
read more... 06/09/2013