Latest news
Daily: European coal slumps on low demand, warmer temperatures
Brent crude declined on Wednesday as concerns about supply disruptions from Iraq eased, while WTI crude oil climbed on news that the U.S. federal officials approved exports of condensate, an ultra-light oil.
read more... 26/06/2014
Vienna: OMV and Gazprom ink South Stream construction deal
Austria’s OMV and Russia’s gas giant Gazprom signed on June 24 an agreement envisaging the parties' cooperation in the construction of the South Stream gas pipeline, the Austrian section.
read more... 26/06/2014
Number of fracking patents globally reached record high in 2013
The number of patents put in place for new shale extraction technology hit a record high in 2013 since oil and gas firms fought for managing intellectual property in the emergent industry, as shown by a research.
read more... 25/06/2014
Gazprom stands firm to $2 billion figure for Ukraine’s gas outstanding debt
The Russia’s natural gas conglomerate Gazprom stands firm to its position that Ukraine has to pay its outstanding debt of about $2 billion before Moscow will take up talks over new gas-supply terms.
read more... 25/06/2014
Germany considers higher green energy surcharge on industry under new amended reform
Germany wants to amend the planned reform of its renewable policy Renewable Energy Sources Act (EEG), as nation is striving to keep costs under control and to end a deadlock with the European Commission over green power subsidies.
read more... 25/06/2014