Latest news
Daily: Brent up to $114 on tight supplies from the North Sea
Brent crude increased to 114 dollars per barrel on Monday on tight supplies from the North Sea due to a UK oilfield closed for maintenance work. Brent oil for October was traded up 66 cents at 114.37 dollars per barrel at 08:50 GMT, after having dropped over 2 dollars on Friday on expectations that U.S. might release some of its reserves. Meanwhile, U.S. crude oil traded up 10 cents to 96.11 dollars.
read more... 20/08/2012
RWE Dea starts the development drilling at Clipper South in UK
RWE Dea's subsidiary in the United Kingdom has announced the delivery of its first gas from its Clipper South field in the UK North Sea. The field is operated by RWE Dea (50% interest) and Fairfield Energy is also a partner in the field (25% interest).
read more... 14/08/2012
UK accepts investments from gas and oil firms
The UK government has announced a series of investments by oil and gas companies that will develop a new research centre and will create thousands of jobs all over the UK. Six separate announcements include plans for new oil and gas fields in the North Sea in a £1.4 billion project which is supposed to supply around 5% of the UK's gas production from 2015. Each announcement represents a different project that is to be built.
read more... 10/08/2012
Italy: Eni unveils a new major discovery off Mozambique
Eni, the Italian oil and gas group, has raised its estimates of natural gas reserves off the coast of Mozambique during its fifth successful drilling, boosting the yield of a significant gas field off the southeast African nation.
read more... 03/08/2012
Centrica to invest £1.4billion in UK gas project
Centrica announced it will continue investing £1.4 billion in the Cygnus gas project, one of the North Sea’s biggest discoveries. The company said it would spend the money on its Cygnus gas field in -partnership with GDF Suez of France, creating up to 4,000 new jobs, and adding £ 600 million in tax revenues for the public purse.
read more... 27/07/2012