Bulgaria has chosen Royal Dutch Shell to perform deepwater oil and gas exploration off its Black Sea coast and intends to ink an agreement by the end of October, expecting that the project will aid reduce its dependence on imports from Russia.
read more... 30/09/2015
Russian Prime Minister Dmitry Medvedev has rejected demands to increase the mineral extraction tax (MET) for oil producers, as stated by a government spokeswoman on Monday, while a source told Reuters a gas output tax raise was being envisaged instead.
read more... 29/09/2015
Russia is intends to permit firms other than Gazprom to export natural gas, as stated by Energy Minister Alexander Novak on Thursday.
read more... 25/09/2015
A new gas agreement to provide Ukraine with Russian gas could be inked this Friday, as stated by Ukrainian energy minister Volodymyr Demchyshyn on Tuesday.
read more... 23/09/2015
Crude oil prices fell on Friday, with WTI losing 5%, after a selloff in Wall Street equities counterbalanced the optimistic impact of a third weekly decline in the U.S. oil rig count. The dollar appreciation worries that OPEC oil production will not be slashed and reduced political tensions in the Middle East from U.S.-Russia negotiations on Syria also weighed on oil. U.S. crude futures for front-month delivery settled down $2.22, or 4.8 percent, at $44.68 a barrel. The front-month in Brent decreased by $1.61, or 3.3 percent, to settle at $47.47.
read more... 21/09/2015