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LUKOIL drilled the 2nd well in the Eastern part of the Yuri Korchagin field

LUKOIL completed the construction of the 2nd production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea.

read more... 15/11/2018

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Wind to be EU's largest power source well before 2030

Wind energy is set to overtake coal, nuclear and gas to become the EU’s largest power source well before 2030, WindEurope quoted the International Energy Agency's (IEA) World Energy Outlook Report on Tuesday.

read more... 14/11/2018

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OMV gets extension to drill well off Otago Coast

Oil company OMV has been granted a two-year extension for drilling an exploratory well in the Great Southern Basin off the Otago Coast.

read more... 17/10/2018

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Daily (05.10.2018): NBP gas contract for delivery in 2019 traded 1.3% higher on Thursday despite lower consumption and a well-supplied system

Oil crude prices lost momentum on Thursday, due to forecasts for an increase in production by Saudi Arabia and Russia. However, the price losses were tempered by the forthcoming U.S. sanctions on Iranian exports. WTI crude closed 2.7% down at $74.33 a barrel, while Brent crude oil futures dropped by 2% to trade at $84.58 a barrel.

read more... 05/10/2018

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Equinor finds new oil reserves at Cape Vulture discovery in Norwegian Sea

Equinor and its partner ENI and Petoro have completed the drilling of appraisal well on the Cape Vulture discovery in the Norwegian Sea.

read more... 05/10/2018

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