Latest news
China: huge shale gas well was discovered
China has announced last week that its top refiner Sinopec Corp has discovered a shale gas well in the Guizhou Province in the southwestern part of the country. Located at a depth of 4,417 metres, the well is thought to be the deepest discovery and is likely to have a maximum daily output of 105,000 cubic meters, while the nation’s Ministry of Land and Resources said the gas well is expected to have an average daily output of 43,000 cubic metres.
read more... 17/02/2014
Gamesa strikes agreement with Eolus Vind for G114-2.0 MW turbine supply
The global technological leader in the wind industry Gamesa, inked a deal with Swedish wind power developer Eolus Vind, envisaging the supply of four of its G114-2.0 MW wind turbines in the Scandinavian market.
read more... 17/02/2014
Daily: Brent crude price up, WTI down
Brent crude oil futures posted a gain in late session trading on Friday, spurred by demand for heating oil due to cold winter and snow in the U.S. Northeast as well as by tightened supply due to interruptions in Libya and Angola.
read more... 17/02/2014
Russia to increase its oil and gas production
Deputy Energy Minister, Kirill Molodtsov, declared that Russia is likely to increase its oil production by 0.3% to 525 million tons in 2014, about 10.54 million barrels per day, which could be the highest level Russia has attained since the collapse of the Soviet Union. The significant growth was attributed to changes in tax law, which has stimulated development of new fields and hard-to-recover reserves.
read more... 14/02/2014
Daily: British gas prices down to nearly an eight-month low
Brent crude oil futures decreased on Thursday, dragged down by a forecast showing a decline in demand during refinery maintenance season and an increase in jobless claims in the United States, the greatest oil consumer in the world.
read more... 14/02/2014