Latest news
Two exploration wells in east Ukraine have been abandoned by Shell
Royal Dutch Shell has dropped two natural gas exploration wells in eastern Ukraine after they were considered inefficient, as stated by the oil major on Thursday.
read more... 13/03/2015
Ineos and IGas settle UK shale gas agreement of £138 million
Swiss petrochemicals giant INEOS has made known a deal to purchase stakes in a number of shale gas licenses across the UK.
read more... 12/03/2015
Scottish oil and gas tech start-up obtains £1.5 million
A start-up company based in An Aberdeen has won funding estimated at £1.5 million to develop new technology for the oil and gas industry.
read more... 12/03/2015
Daily: Brent crude jumps, WTI eases, extending gap after inventories record high in the United States
Benchmark Brent oil increased by 2 percent on Wednesday, recovering from a one-month low and extending its gap to WTI crude, which settled slightly down after a new record high for oil stockpiles in the United States. Brent crude for front-month delivery boosted $1.15 to close at $57.54 a barrel, rebounding from a one-month low under $56. Much of the gains came in the last hour of trade, when Brent rocketed almost 70 cents within seven minutes. U.S. crude for April delivery lost 12 cents to close at $48.17.
read more... 12/03/2015
Alstom obtains approval from Deepwater to proceed with offshore wind project
US developer Deepwater Wind has given Alstom official notification to advance on the 30MW Block Island offshore wind project.
read more... 12/03/2015