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RWE and Naftogaz: Ukraine starts to import gas from Western Europe
The newspaper Zerkalo Nedeli Ukraina reported on Monday that Ukraine has got the first 3.3 million cubic meters of natural gas from Germany’s RWE on Monday.
read more... 07/11/2012
France’s Total to explore the Australian shale gas sector
The French oil major Total, which is the fifth biggest oil company in the world, has become the most recent global player to be involved in the Australian shale gas sector, signing up to a $190 million with Central Petroleum to farm into four exploration permits in the South Georgina Basin.
read more... 07/11/2012
Daily: European power forwards hit new lows
Brent and U.S. crude oil futures climbed on Monday as gasoline futures rallied while the storm-ravaged East Coast continued to grapple with the aftermath of Hurricane Sandy. Brent December crude jumped $2.05, or 1.94 percent, to settle at $107.73 a barrel, having traded from $104.76 to $108.18, while U.S. December crude climbed 79 cents, or 0.93 percent, to settle at $85.65 a barrel, after declining to $84.34, hitting $85.88 in post-settlement trading.
read more... 06/11/2012
China to offer subsidies for shale gas development
China is considering new policies to stimulate the development of the domestic shale gas industry which include the allocation of a financial incentive for operators interested in the exploration of shale gas fields, according to an official at the Ministry of Land and Resources.
read more... 06/11/2012
Italy plans to increase its crude oil production by 150%
The Italian government plans to boost the oil and gas industry, as part of its first national energy plan in more than 20 years and one of the major parts of this plan is development of the Tempa Rosa oil field in southern Italy.
read more... 06/11/2012