Latest news
U-turn: Chevron gets green light to explore shale gas in Romania
The Romanian shale gas policy made a U-turn after the government allowed the oil giant Chevron to explore shale gas in the Romanian Black Sea coast.
read more... 17/05/2013
Centrica: Gas consumption has increased significantly in the first months of 2013
British Gas's owner, Centrica, announced that gas consumption in the first four month of 2013 increased by 18% in comparison to the same period last year, due to the cold weather, while the company saw a huge boost in profits.
read more... 16/05/2013
Poland’s shale gas hopes fade on Talisman, Marathon withdrawal
Poland’s shale gas hopes have recently suffered a major blow after the North American energy companies-Talisman Energy Inc. and Marathon Oil announced that they are quitting the exploration for shale gas in Poland. Poland, the former Soviet bloc country, hoped that the exploration of its shale gas deposits will soon reduce its dependence on Russian gas supplies and will further transform the nation from a gas importer to a gas exporter.
read more... 14/05/2013
Spain’s shale gas reserves
Spain is the fifth largest energy consumer in Europe and has practically no domestic production of liquid fuels or natural gas. It has made significant progress in diversifying into renewable energy but, this only accounts for about 9% of its gross inland consumption. A quarter of consumption is fuelled by natural gas and half by petroleum, both of which Spain has to import.
read more... 10/05/2013
Gazprom earnings for 2012 down 10%
Russian energy giant Gazprom, the world’s biggest natural gas producer, reported a 10% drop in its earnings amid lower gas sales. Profits for 2012 amounted to 38.17 billion dollars, compared to 42.2 billion dollars in 2011.
read more... 30/04/2013