Latest news
Exxon plans to launch production at 10 new projects
ExxonMobil Corp., the super giant oil company, has the intention to reduce expenditures and to begin production simultaneously at 10 significant projects this year, adding to its portfolio a net capacity of 300,000 barrels of oil equivalent per day.
read more... 11/03/2014
Italy’s Edison in negotiations to acquire two Israeli gas fields
Edison, Italian utility owned by EDF France, is in negotiations to acquire the Tanin and Karish gas fields offshore Israel from Delek Drilling and Noble Energy, U.S. explorer, at a total capacity of about 70 billion cubic metres, according to two sources familiar with company’s plans.
read more... 07/03/2014
France: EDF to shut down oil-fired plants for half a year
EDF French group will shut down its oil-fired plants for half a year starting from April, taking offline a power capacity of 5,000 MW, because the plants turned out to be uncompetitive among huge overcapacities in the European electricity sector.
read more... 06/03/2014
Daily: British gas prices continue to tumble ahead of United States- Russia talks over Ukraine
Oil prices dropped by about $2 per barrel on Wednesday after the publication of U.S. government data indicating a weaker oil demand since weather in Europe and the United States is expected to warm and as refiners are likely to raise the amount of capacity they take offline this week. Brent oil for April delivery closed $1.54 lower to arrive at $107.76, settling below the 200-day moving average of $108.41 on Wednesday the first time one month. Meanwhile, U.S. crude for April delivery settled $1.88 lower to hit $101.45.
read more... 06/03/2014
Daily: WTI crude rallies at four-month high on robust winter demand
Brent crude traded above $110 a barrel on Wednesday, destabilized by internal conflict in South Sudan and oil supply disruption in Libya, while protests in Venezuela raised concerns. Meanwhile, U.S. light crude hit its highest level in four months as stockpiles are expected to decline on winter demand and new pipeline capacity.
read more... 20/02/2014