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Shell and CNPC to create a joint venture for gas drilling
Royal Dutch Shell signed on Monday a Global Alliance Agreement with China National Petroleum Corporation (CNPC), the parent of PetroChina, aiming to establish mutual cooperation opportunities in China and abroad.
read more... 22/06/2011
Gazprom boosts gas export outlook to Europe on higher export volumes
The Russian energy giant, Gazprom has further raised its forecast on 2011 revenues from gas exports to Europe, according to which its expected profit from gas exports will represent $60 billion compared with almost $44 billion in 2010, taking into consideration the higher export volumes, the jump of prices and recovered demand, the Gazprom Deputy CEO Alexander Medvedev said on Monday.
read more... 22/06/2011
Daily energy Overview, Tuesday, June 21, 2011
Crude oil futures were mixed on Monday on worries about Greek debt crisis. U.S. crude contact for July delivery, which expires on Tuesday, traded at 93.26 dollars a barrel, up 25 cents, after a trading range between 91.14 and 93.49 dollars. Meanwhile, ICE Brent crude for August delivery valued 111.69 dollars a barrel, down 1.52 dollars, after a trading range from 111.23 to 113.38 dollars.
read more... 21/06/2011
Chris Huhne calls for a “green environment”
England’s energy and climate minister, Chris Huhne will meet today the European environmental ministers to discuss on the targets required to meet the EU 2050 low carbon goal.
read more... 21/06/2011
Lithuania and a U.S. Company to strengthen shale gas cooperation
The Ministry of Energy announced on June, 14 in a press release that it led negotiations with an US company concerning the extraction of natural gas from its shale rock layers and starting production of shale gas in Lithuania. But the official refused to reveal the name of the US company, due to a confidentiality request by the US company representatives.
read more... 21/06/2011