Latest news
Shell abandons innovative Norwegian Subsea gas project
Royal Dutch Shell has abandoned one of Norway's major and most modern industrial projects because of increasing costs and intricacy, facing a blow to equipment expected to develop offshore production.
read more... 14/04/2014
Statoil makes another oil and gas discovery in the North Sea
A new gas and oil discovery has been made by Norwegian oil major Statoil in the northern part of the North Sea, about 10 kilometers of the Valemon gas and condensate field presently under development, as stated by the company on Friday. It is the second substantial finding off Norway in two days.
read more... 14/04/2014
Daily: U.S. crude oil jumps to about 6-week high on stronger gasoline demand
U.S. crude oil rocketed to near a six-week high on Friday, encouraged by solid gasoline demand and a positive consumer confidence report, but gains were slashed by profit taking and falling demand forecast, published by IEA. Meanwhile, Brent crude prices dropped on Friday, dragged down by Russia’s warnings that it could cut Ukraine’s natural gas supply.
read more... 14/04/2014
French court enacted backdated electricity price increases for households
Approximately 29 million French households and small businesses deal with a retrogressive increase in their power bills after the country's administrative Supreme Court annulled on Friday a 2012 ceiling on raises to regulated electricity prices. The pronouncement is applicable to power bills between August 2012 and August 2013.
read more... 14/04/2014
Baltic States utilize Ukraine crisis to enhance LNG import capacities
Driven by Ukraine crisis, the Baltic States accelerated plans to increase its liquefied natural gas (LNG) imports, with the hope to radically reduce Moscow's grip on the region's supply.
read more... 11/04/2014