Latest news
Chevron hits the 13th offshore gas discovery in Australia
US energy giant Chevron has recently announced a natural gas discovery by its Australian subsidiary in the Exmouth Plateau area of the Carnarvon Basin, offshore Western Australia, being the 13th offshore natural gas discovery since 2009.
read more... 24/01/2012
GE- sees better profits in 2012
The US industrial giant GE, announced that lower prices for wind turbines dragged on company’s profits in 2011. According to GE chief financial officer, Keith Sherin, the company expects to ship over 3000 wind turbines in 2012, comparing to 1956 in 2011.
read more... 23/01/2012
Daily – U.S. and Brent prices down on euro zone worries
U.S. and Brent crude oil futures decreased on Friday as investors awaited a potential debt restructuring deal seen sparing Greece from a messy debt default and as signs of low factory activity in China stirred up demand worries.
read more... 23/01/2012
Iran faces tougher EU oil sanctions
Europe will announce new oil sanctions on Iran on Monday, involving the ban on Iranian oil imports and also a restriction of Iran’s exchanges in gold and precious metals.
read more... 23/01/2012
European gas market might change structure in the next decade
Britain risks losing its rank as Europe's dominant gas trading hub in the next decade as rivals in continental Europe enjoy rising trade volumes spurred by deregulated energy markets and a diversifying array of supply.
read more... 23/01/2012