Latest news

Cuadrilla completes drilling of second horizontal shale gas well in UK

This second horizontal well, drilled through the Upper Bowland shale at an approximate depth of 2,100m below the surface, extends laterally for some 750 metres through the shale gas reservoir.

read more... 18/07/2018


Daily (26.06.2018): German spot power price rose by more than 100% on Monday, due to high demand and low wind generation

After OPEC’s resolution to raise output by one million barrels per day, oil prices dropped on Monday. Brent crude edged 1.1% lower at $74.73 a barrel. Simultaneously, WTI crude was less bearish, settling 0.7% down at $68.08 a barrel, due to a temporary decline in U.S. drilling activity and a Canadian supply outage.

read more... 26/06/2018


ExxonMobil starts development of offshore Guyana field

ExxonMobil started development drilling on the Liza Phase 1 offshore Guyana with start of production expected in 2020, ExxonMobil said Tuesday.

read more... 14/06/2018


Daily (11.06.2018): The French spot power contract traded 20% lower on Friday, due to falling gas and carbon prices

Oil prices retreated on Friday, pressured by growing Russian output and the highest in more than three years U.S. drilling activity. Brent crude dipped by 1.1% to close at $76.46 a barrel. West Texas Intermediate (WTI) crude contracts closed 21 cents lower at $65.74 a barrel, or about 0.3% loss.

read more... 11/06/2018


Russia's Rosneft discovers new oil field in Iraq

Bashneft International, a subsidiary of Russian state-owned oil company Rosneft discovered a new oil field in Iraq as a result of drilling of the first exploratory well at Block 12, Rosneft said in a press release.

read more... 24/05/2018