Latest news
Russia’s Gazprom wants to invest in Brazil oil, gas
Russia's Gazprom is thinking about investments in oil and natural gas in Brazil and might bid for exploration rights in the nation's 13th-Round concession auction in October, as stated by Shakarbek Osmonov, manager for Brazil and Latin America.
read more... 09/06/2015
Daily: Crude oil gains 2% on OPEC decision to hold output level
Crude oil established its first hike in three days on Friday, up 2 percent immediately after the OPEC’s cartel decision to hold production levels at 30 million barrels per day. Crude oil prices were volatile after the OPEC’s announcement, with Brent trading in a narrow range around $62 a barrel, before ending the day up at $63.31 a barrel. On April 16, the European benchmark hit a low of $60.94. For the week, it fell 3.6 percent. WTI crude firmed by $1.13, or almost 2 percent, to settle at $59.13. It lost 2 percent on the week.
read more... 08/06/2015
Norway parliament votes to reduce coal investments
Norway's parliament voted on Friday to cut coal investments by its $880 billion sovereign wealth fund, the world’s largest, in a decision greeted by ecologists as a model to support slow climate change.
read more... 08/06/2015
Cyprus gas field expected to annually produce 8 bcm with pipeline to Egypt
The Aphrodite natural gas field off Cyprus is commercially feasible and plans require to yearly produce 8 billion cubic metres (bcm) and building of a pipeline to Egypt, as stated by the associates behind the project on Sunday.
read more... 08/06/2015
Conoco the last global oil firm to abandon Polish shale gas
ConocoPhillips, the U.S. energy firm, declared on Friday it has ceased its shale gas exploration in Poland because of unsatisfactory results, leaving the rest of the field to Polish state-run companies.
read more... 08/06/2015