Latest news
Iran discovers huge offshore gas field in Caspian Sea
Iran has discovered a huge gas field in the territorial waters of the Caspian Sea with a reserve of at least 50 trillion cubic feet, Iranian Oil Minister Rostam Qasemi announced on Sunday.
read more... 12/12/2011
Natural gas to overhaul coal in US by 2025
Natural gas will overtake coal as a leading fuel for generating electricity in the United States by 2025, according the latest long-term outlook released by ExxonMobil.
read more... 09/12/2011
Centrica and Qatar sign a strategic alliance on oil and gas projects
The British energy company, Centrica, the owner of British Gas and the state-run oil company Qatar Petroleum International (QPI) have recently teamed up in an effort to collaborate on pursuing international energy investments. On Monday they signed a memorandum of understanding to invest in a set of new or existing oil and gas projects. The deal includes investments in liquefied natural gas, gas power turbines, and gas storage.
read more... 07/12/2011
Shell discovers shale gas in China
Royal Dutch Shell has discovered shale gas in China, which does not currently produce shale gas, though is supposed to have abundant reserves of shale gas which could transform the Chinese energy mix.
read more... 07/12/2011
E.ON: sharp profit drop on nuclear exit and lower gas earnings
E.ON AG, the biggest German utility, is facing sharp profit drops following a phase out of nuclear energy and a decline in wholesale gas prices.
read more... 06/12/2011