Latest news
The China-Myanmar gas pipeline was completed and is fully operational
China National Petroleum Corp. has announced that the China- Myanmar gas pipeline was completed on Sunday and has gone fully operational. The project, extending more than 2500 km from western Myanmar to southwest China, will help the world's second-largest economy to supply its growing energy requirements.
read more... 21/10/2013
EBRD to finance three new wind farms in Poland
The EBRD is providing a long-term loan of more than 69 million euros to PEPSA, a group of three special-purpose companies fully owned by Polish Energy Partners S.A, aiming to support the construction and operation of three wind farms in northern and north-eastern Poland. They are Gawłowice with a total capacity of 41.4 MW, Rajgród with 25MW and Skurpie 37 MW.
read more... 09/10/2013
Daily: Crude oil prices pare losses after pipeline resumes activity
Crude oil prices on both sides of Atlantic pared losses on Monday as operations of the Seaway oil pipeline delivering crude oil from Cushing, Oklahoma to Gulf Coast refineries, resumed after a short shutdown. Cushing represents the delivery point for the U.S. oil futures contract. Meanwhile, U.S. crude oil dropped by 81 cents to settle at $103.03 a barrel, after trading close to $2 a barrel lower at $101.86 earlier in the session. The contract dipped below the 100-day moving average of $102.45. Brent crude futures pared earlier losses to settle 22 cents higher at $109.68 per barrel, after earlier trading as low as $107.89.
read more... 08/10/2013
Turkey started operations for shale gas extraction
Turkey has started hydraulic fracturing operations to extract shale gas in the Thracian and southeastern Anatolian regions. Turkey is aiming to expand the employ of horizontal drilling to exploit the estimated 163 trillion cubic feet of reserves that have been detected in the country.
read more... 26/09/2013
Petroleum activities on the Norwegian continental shelf
The Norwegian oil adventure started with the discovery of Ekofisk in 1969 with the exploration activity that was concentrated on the North Sea. Ekofisk is the largest field on the Norwegian continental shelf, considered in terms of daily oil production and serves as a hub for petroleum operations in this region, with several fields utilizing the infrastructure at Ekofisk for further transport in the Norpipe system.
read more... 26/08/2013