Latest news
British government pledges cutting tax burdens on oil, gas
The British government pledged trimming tax rates in the UK North Sea oil and gas sector to help reduce escalating costs.
read more... 05/12/2014
Daily: British gas prices decline as robust supply eclipsed higher demand
U.S crude oil prices settled higher on Wednesday at more than $67 after figures showed an unexpected decline in stockpiles, while a report indicating that Saudi Arabia expected lower prices for oil pulled down Brent below $70 a barrel. The spread between Brent and U.S. crude narrowed to below $3 a barrel, its lowest in 1-1/2 months.
read more... 04/12/2014
Ukraine to make prepayments for Russian gas by the end of the week
Ukraine it is ready to make an advance prepayment by December 7 for 1 billion cubic metric of Russian gas, said Ukrainian Energy Minister Yury Prodan.
read more... 04/12/2014
Ukraine gets 150 million euro loan from EIB to modernize its gas pipelines
Ukraine received a 150 million euro ($187 million) loan to modernize its section of the natural gas pipeline used to deliver gas from Russia to Europe.
read more... 03/12/2014
Europe envisages a regional LNG hub to ensure its energy security
The European Union is eyeing construction of a regional LNG (liquefied natural gas) hub in the north of Europe to ensure its energy security.
read more... 03/12/2014