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Daily (15.09.2017): Brent hit a five-month high settling at $55.47 a barrel

Oil prices hiked on Thursday, with Brent closing at a five-month high, after several reports predicted a further tightening of the market as fuel demand increased.

read more... 15/09/2017


Cyprus: New gas discovery offshore considered non-profitable

Eni and Total have found gas while drilling offshore Cyprus near the giant Zohr gas field discovery in Egypt waters, but the anticipated quantity of the recently discovered field is too small to develop on its own, as stated by Cypriot Energy Minister Yiorgos Lakkotrypis on Tuesday.

read more... 13/09/2017


Discussions between Italian Eni and Iran on oil and gas projects

A feasibility study is expected by Eni (Italy) on the expansion of oil and gas fields in Iran. There have already been concluded two agreements on the matter in question. The results of the studies will be available within 6 months.

read more... 04/09/2017


Daily (23.08.2017): Oil prices rose on forecasts of another crude stockpile drawdown in the U.S.

Oil prices edged up on Tuesday, boosted by expectations of another crude stockpile drawdown in the United States, but price gains were limited amid the reopening of Libya's biggest oil field. Brent crude ended higher by 21 cents, or 0.4 percent, at $51.87 a barrel, while U.S. crude futures settled 46 cents up at $47.83.

read more... 23/08/2017


London Mayor launches solar auctions to make cleanest city on Earth

London Mayor Sadiq Khan has ambitions to turn London into the greenest city by widening the capital’s solar energy generation capacity through city-wide auctions.

read more... 17/08/2017