Latest news
Azerbaijan delays decision for Shah Deniz II gas fields.
Nabucco, the pipeline that should ensure supply of natural gas to the EU, will be delayed as Azeri take longer than expected to make a decision in which project should extract gas from the Shah Deniz II.
read more... 11/10/2010
Exxon started extracting Russian oil.
Oil production has begun from the Odoptu field at the Sakhalin-1 project in offshore northeastern Russia, on schedule and within the projected costs. It is expected to add up to 11 million barrels to oil production in 2011
read more... 01/10/2010
Gas field maintenance drives UK gas price higher
The summer maintenance of several gas fields in North Sea reduced the UK market gas supply.
read more... 10/08/2010
Ithaca acquires GDF Suez natural gas assets in the North Sea
Ithaca has decided to acquire GDF Suez shares in several North Sea assets. The amount of the transaction is GBP 11.25 million and includes shares in several natural gas fields.
read more... 06/08/2010
New Joint Venture between Novatec and Gazprom to develop Yamal gas and oil field
Novatec formed a Joint Venture with the Russian energy state company Gazprom to develop the Yamal oil and gas field. Each company holds 50% in the venture.
read more... 29/07/2010