Latest news
Gazprom first half net profit jumps 56 percent to 25 billion dollars
Gazprom, the largest Russian state gas monopoly, announced on Wednesday its first half net profit that registered a 56 percent increase in the first half net profit to 771.669 billion rubles (25 billion dollars).
read more... 10/11/2011
Nord Stream opened by Merkel and Medvedev
The Nord Stream project was officially opened on November 8, in the German town of Lubmin, by the German Chancellor Angela Merkel and the Russian President Dimitry Medvedev. The new gas pipeline will deliver Siberian gas directly to German gas consumers under the Baltic Sea bypassing the transit countries such as Ukraine and Poland.
read more... 09/11/2011
BP invested $33 billion in Azerbaijani energy fields
The British energy giant, BP has invested $33 billion in developing Shah Deniz and the Azeri-Chirag-Guneshli (ACG) field, which will involve as well the construction of the Baku-Tbilisi-Ceyhan and the South Caucasus pipelines.
read more... 04/11/2011
Chevron to begin exploratory drilling of shale gas in Poland
The Polish subsidiary of Chevron announced it began exploratory drilling to assess the shale gas potential in Poland. The well will be drilled in Horodysko hamlet, near Lesniowice, on the Grabowiec concessions in Lubelskie.
read more... 04/11/2011
GDF Suez to expand its presence in China and Asia-Pacific
The French power and gas company GDF Suez announced on Monday that it has signed two deals with Chinese sovereign wealth fund CIC and state-owned energy company CNOOC as it looks to strengthen its presence in China and Asia-Pacific.
read more... 03/11/2011