Latest news
Ineos and IGas settle UK shale gas agreement of £138 million
Swiss petrochemicals giant INEOS has made known a deal to purchase stakes in a number of shale gas licenses across the UK.
read more... 12/03/2015
Scottish oil and gas tech start-up obtains £1.5 million
A start-up company based in An Aberdeen has won funding estimated at £1.5 million to develop new technology for the oil and gas industry.
read more... 12/03/2015
Daily: British spot gas prices ease on robust supply from Norway, weaker exports to the continent
Crude oil plunged on Tuesday, dragged down sharply by a rallying dollar, with Brent declining more than WTI as traders took profits on recent highs in Brent’s premium. Brent crude closed at $58.39 a barrel, down $2.14, and U.S. crude settled at $48.29, slipping $1.71.
read more... 11/03/2015
New oil and gas facility opened by GE for subsea projects in Australia
A new oil and gas facility has been opened by General Electric (GE) in Broome, Western Australia to service subsea projects.
read more... 10/03/2015
BP and associates will invest $12 billion in Egypt gas transaction
British oil firm BP hopes to invest approximately $12 billion with its associates as part of a concluded West Nile Delta concession agreement to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates.
read more... 09/03/2015