Crude oil prices slipped in a volatile trading on Wednesday, dragged down by a bigger-than-expected U.S. crude stockpiles increase that overshadowed Russia’s statements about a possible meeting with Saudi Arabia that renewed hopes for a production freeze deal. Brent futures lost 32 cents, or 0.7 percent, to settle at $46.63 a barrel, while U.S. crude WTI shed 24 cents, or 0.5 percent, to end at $45.57 per barrel.
read more... 17/11/2016
Norway's oil and energy ministry on Wednesday declared it gave final authorization to Sweden's Eolus Vind to construct a 330-megawatt wind power plant in Oeyfjellet, northern Norway.
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The UK is well placed and has been sustaining the development of the East African oil and gas sector.
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Israel started to accept bids this week from energy firms wishing to drill for oil and gas in 24 offshore blocks, and its energy minister stated that in the end he would be happy selecting just two or three foreign exploration groups.
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Onshore hydrocarbon producer, IGas Energy plc, confirmed Tuesday that Nottinghamshire County Council’s Planning and Licensing Committee has awarded the company planning consent to drill up to two exploratory wells in Misson Springs, North Nottinghamshire, UK.
read more... 16/11/2016