Latest news
Wintershall to join Nord Stream 2 pipeline consortium
Wintershall, a branch of BASF, has inked a memorandum of understanding (MoU) with Gazprom as it intends to participate in the €2.5bn Nord Stream pipeline expansion project.
read more... 03/08/2015
OMV puts up for sale a 30% stake in UK North Sea Rosebank project
Austrian oil and gas company OMV envisage selling a 30% stake in the Rosebank oil and gas project in the British North Sea, as it aims cutting its budget to struggle with weakening oil prices.
read more... 30/07/2015
SSE decides to acquire 20% stake in Total’s Shetland project
SSE has decided to buy a 20 percent stake in Total's Laggan-Tormore gas field and plant for 565 million pounds ($881 million), plus an estimated investment of 350 million pounds to 2018, as stated by the British utility on Wednesday.
read more... 29/07/2015
General Electric to supply advanced technology for TANAP project
US based General Electric's oil and gas unit has won contract to provide advanced turbomachinery for the first phase of the Trans-Anatolian Natural Gas Pipeline (TANAP) project, which is being constructed for gas transportation from Azerbaijan to Europe.
read more... 27/07/2015
UK unveils a new set of renewables subsidy cuts
UK unveils a new set of renewables subsidy cuts DECC proposed a new wave of incentives cuts for small – scale solar installations, modifying the way renewable projects qualify for payments and changing subsidies for biomass plants.
read more... 23/07/2015