Latest news
Daily: Brent crude posts a weekly gain of 1.8% on tight supply in Libya
Brent crude oil rebounded on Friday to settle about 2 percent higher on the week, spurred by worries about output in Libya, where protesters closed again two oilfields, while violent confrontations burst in the east. Brent crude rose by 66 cents to close at $109.75 a barrel, posting a weekly gain of 1.8 percent. U.S. crude increased by 52 cents, or 0.51 percent, arriving at $102.02 a barrel, or 2 percent higher compared with the previous week.
read more... 19/05/2014
Interest in UK oil and gas licenses declines after plentiful year
Interest in running new oil and gas fields in Britain's North Sea dropped to its lowest level in seven years, taking into consideration that the energy ministry announced on Tuesday it had obtained 173 requests in its most recent offshore licensing round.
read more... 07/05/2014
Toshiba and GDF Suez reach agreement on nuclear site
An accord between Japan's Toshiba and France's GDF Suez has been reached on key stipulations with Britain's Nuclear Decommissioning Authority to run the terrain at Sellafield where the firms intend to construct three new nuclear reactors.
read more... 02/05/2014
BP vends interest in four Alaska oil fields for unrevealed amount
British oil and gas most important company BP Plc vended its interests in four oilfields on the Alaska North Slope for an unrevealed amount to oil and gas producer Hilcorp, as stated by the company on Tuesday.
read more... 24/04/2014
Norway: cut in gas exports lower than expected
On Wednesday, work at a gas field off Norway should start, leading to a cut in production of 18 million cubic metres per day rather than an expected 26 mcm per day, as published by the gas system operator Gassco on its website.
read more... 23/04/2014