Latest news
Latvia intends to divide gas utility aiming to liberalize market
Latvia plans to split utility Latvijas Gaze next year, according to the economy minister on Friday, in order to be in line with EU liberalization efforts and with the aim to reduce dependence on Russian natural gas imports.
read more... 09/02/2015
Lundin Petroleum finds gas in Norway’s Zulu prospect
Swedish oil and gas company Lundin Petroleum has discovered gas in an exploration well at its Norwegian Zulu prospect northeast of the giant Johan Sverdrup field in the North Sea, as stated by the firm on Friday.
read more... 09/02/2015
Daily: Brent crude oil hits the largest two-week gain since 1998 on falling oil rigs, violence in Libya
Crude oil jumped again on Friday, with Brent posting its largest two-week gain in 17 years, on worldwide falling count for oil drilling rigs and violence in crude oil producer Libya helped further stall a selloff that started in June. Brent rose by $1.23, or 2.2 percent, on the day to settle at $57.80 a barrel. U.S. crude increased by $1.21, or 2.4 percent, to close at $51.69.
read more... 09/02/2015
Egypt working on oil and gas exploration agreements estimated at $9.2 billion
Egypt works on three major oil and gas agreements estimated at $9.2 billion, after attracting investment of approximately $2.9 billion for oil and gas exploration in only a year, as stated by a representative of the energy ministry.
read more... 06/02/2015
Daily: Crude oil jump over 4 percent on Libya attack, China monetary easing
Crude oil futures settled up over 4 percent on Thursday as intensified violence in oil producer Libya and a monetary easing by China’s central bank that could increase oil demand provided support. Benchmark Brent crude futures increased by $2.41, or 4.5 percent, to close at $57.57 a barrel. WTI futures rose by up $2.03, or 4.2 percent, to close at $50.48.
read more... 06/02/2015