Latest news
New gas discovery in Italy’s PO Valley
Sound Oil plc, an independent oil and gas company, which activates mainly in Indonesia and Italy, has announced a new gas discovery at Nervesa well, in Italy’s Po Valley. A further announcement on total estimated quantities at the site will be made in the coming months, with possible production envisaged for 2015.
read more... 25/07/2013
Daily: European coal prices boost on Colombian miners’ strike
Crude oil prices dropped on Wednesday, dragged down by pessimistic data from China, with U.S. crude declining more harshly than Brent late in the session as traders took profits on the spread difference between two contracts. Brent crude edged $1.23 down on Wednesday to settle at $107.19 a barrel. U.S. WTI crude lost $1.84 to settle at $105.39, after closing 29 cents higher. Brent's premium to U.S. oil futures diminished to 56 cents in early European trade, then broadened in the U.S. afternoon, settling at $1.80.
read more... 25/07/2013
Statoil’s second-quarter net profit sink missing expectations
Norwegian oil and gas giant Statoil released a considerable second-quarter net profit, missing analysts' expectations, being hurt by weak prices, poor trading results and slightly lower volumes.
read more... 25/07/2013
Fessenheim- France’s oldest nuclear power plant to close by 2016
French Environment Minister Philippe Martin, in an interview with Le Journal de Dimanche, has announced that the country's oldest nuclear plant of Fessenheim, northeastern France, is expected to be closed by the end of 2016, as promised also by the French president Francois Hollande during the electoral campaign.
read more... 24/07/2013
Russia increase its oil deliveries to China
In a move which aims to reduce oil exports to European market, Russia has recently announced that it intends to increase oil flows to Asia, making Beijing its top customer, which now imports a fifth of oil exports from the major crude oil producer in the world.
read more... 24/07/2013